2012 Annual General Meeting of Bure equity AB

The Annual General Meeting (AGM) of Bure Equity AB (publ) held on 25 April 2012 dealt with the following items of business, among others:

The information contained herein is subject to the disclosure requirements of Bure Equity AB under the Swedish Securities Market Act. The information has been publicly communicated on 26 April 2012, 9:00 a.m. CET

Election of Board members
As Bure’s Board of Directors, the AGM re-elected sitting Board members Håkan Larsson, Eva Gidlöf, Carl Björkman and Mathias Uhlén, with re-election of Björn Björnsson as Board Chairman. Hans Biörck was elected as a new Board member. The AGM decided that the number of Board members shall be six. This represents an increase in the Board by one member.

Election of auditor
As the company’s new auditor, the AGM elected the auditing firm of PwC (publ) (Öhrlings PricewaterhouseCoopers) to serve for the period until the 2013 AGM. Michael Bengtsson was appointed as Auditor in Charge.

Incentive scheme regarding the issuance of subscription warrants
The AGM approved the issuance of a maximum of 1,500,000 subscription warrants granting entitlement to subscription for a maximum of 1,500,000 shares in Bure Equity AB. The subscription warrants shall be issued at a price corresponding to their market value on the date of issuance, calculated according to the Black and Scholes model. At the time of the notice to attend the AGM, this was estimated at SEK 0.90 per warrant. Subscription and payment for the warrants shall be completed no later than 1 June 2012. The warrants shall be issued by the subsidiary Skanditek AB with the right and obligation to transfer these to senior executives and key personnel in the Parent Company. The price of the transferred subscription warrants shall be equal to their issue price. The warrants may be exercised for subscription to shares during the period from 1 June 2014 until 1 June 2015 at an exercise price equal to 140% of the market value on the date of issuance. The full exercise of all warrants covered by the decision will lead to an increase in the share capital by SEK 9,869,562, resulting in a dilutive effect of around 1.84% on the number of shares and votes in Bure Equity AB.

Resolution regarding dividends
The AGM resolved to approve a cash dividend of SEK 0.30 per share, equal to a total distribution of SEK 24.4M. The record date was set for Monday, 30 April 2012, which means that dividends are expected to be disbursed on Thursday, 4 May 2012.

Resolution regarding reduction of the share capital and a bonus issue
The AGM resolved to cancel the shares that were repurchased during the year. This will entail a reduction in the company’s share capital by SEK 24,910,556.27 through the cancellation of 3 970 746 shares. Through the reduction, the number of shares will decrease from 85,327,987 to 81,357,241.

As a consequence of the cancellation, the AGM resolved to authorise the Board to increase the company’s share capital by an amount equal to the reduction, SEK 24,910,556.27, through a bonus issue consisting of a transfer from non-restricted equity. The bonus issue shall be carried out without the issuance of new shares.

Share buyback
The AGM authorised the Board to purchase treasury shares during the period until the next AGM. After the buybacks, the company may hold a maximum of 10% of all registered shares in the company.

Utilisation of buyback authorisation
Yesterday’s AGM resolved to authorise the company’s Board of Directors to decide on the buyback of treasury shares in order to adapt the company’s capital structure to the company’s capital requirements at any given time and thereby contribute to greater shareholder value. At the statutory meeting following the AGM, the Board decided to exercise this authorisation.

Shares may be acquired through trading on NASDAQ OMX Stockholm (“the Stock Exchange”), or in accordance with a tender offer to all of the company’s shareholders.

Shares may be acquired during the period from 26 April 2012 until the next AGM. However, no shares will be acquired during a period of 30 days prior to publication of the quarterly report, including the date of publication. Acquisitions on the Stock Exchange may take place only at a price per share that falls within the registered price interval at any given time. Payment for the shares shall be made in cash. Shares may be acquired on one or several occasions.

Bure Equity AB currently holds 0 treasury shares. The total number of shares issued by Bure Equity AB currently amounts to 81,357,241. The maximum number of shares that can be repurchased is thus 8,135,724.

Stockholm, 26 April 2012

Contacts at Bure:                    

Patrik Tigerschiöld, CEO
Tel. +46 8 – 614 00 20
Andreas Berglin, CFO
Tel. +46 8 – 614 00 20

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