2013 Annual General Meeting of Bure equity AB

The Annual General Meeting (AGM) of Bure Equity AB (publ) held on 22 April 2013 dealt with the following items of business, among others:

Election of Board members
As Bure’s Board of Directors, the AGM re-elected sitting Board members Håkan Larsson, Eva Gidlöf, Carl Björkman, Hans Biörck and Mathias Uhlén. Patrik Tigerschiöld was elected as a new Board member and was also appointed as the new Board Chairman. The AGM decided that the number of Board members shall be six, which is the same as in the previous year.

Election of auditor
As the company’s auditor, the AGM elected the auditing firm of PwC (publ) (Öhrlings PricewaterhouseCoopers) to serve for the period until the 2014 AGM. Michael Bengtsson was appointed as Auditor in Charge.

Resolution regarding dividends

The AGM resolved to approve a cash dividend of SEK 0.50 per share, equal to a total distribution of SEK 40,550,992. The record date was set for Thursday, 25 April 2013, which means that the dividends are expected to be disbursed on Tuesday, 30 April 2013.

Resolution regarding the sale of shares in subsidiaries in the Mercuri group to employees in the so-called “Leo circle”
The AGM resolved to approve the sale of all shares in Mercuri’s subsidiaries in Estonia, Norway, Italy and the USA to the respective country managers. The purchase consideration for the shares in each company shall be at least equal to the book value of the shares in the Parent Company or, alternatively, to adjusted equity in the respective subsidiary for the transactions that are not yet fully negotiated (USA and Italy). For Estonia and Norway, the contracted purchase consideration amounts to a total of SEK 0.5 million.

The AGM furthermore resolved to approve incentive schemes in the form of local employee share ownership programmes (ESOPs) in which certain employees in the Mercuri group will be given the opportunity to indirectly acquire shares in the subsidiaries in which they are employed. The individuals who will be entitled to acquire shares in the local ESOPs are the presidents, financial directors and senior consultants in the respective local operating Mercuri companies.

Resolution regarding reduction of the company’s share capital and a bonus issue
The AGM resolved to approve the cancellation of the treasury shares repurchased during the year. This will entail a reduction of the company’s share capital by SEK 1,679,509.89 through the cancellation of 255,256 shares. The reduction will lead to a decrease in the number of shares from 81,357,241 to 81,101,985.

As a consequence of the cancellation, the AGM resolved to authorise the Board of Directors to increase the company’s share capital by way of a bonus issue in an amount equal to the reduction, SEK 1,679,509.89, through a transfer from the company’s non-restricted equity. The bonus issue shall be carried out without the issuance of new shares.

Resolution regarding the repurchase of shares
The AGM authorised the Board of Directors to decide on the repurchase of treasury shares during the period until the next AGM. Following the repurchase, Bure’s holding may at no time exceed 10 per cent of all registered shares in the company.

Utilisation of repurchase authorisation
Yesterday’s AGM resolved to authorise Bure’s Board of Directors to decide on the repurchase 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 22 April 2013 until the next AGM. However, no shares will be acquired during a period of 30 days prior to publication of a 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 in issue by Bure Equity AB currently amounts to 81,101,985. The maximum number of shares that can be repurchased is thus 8,110,198.

Stockholm, 22 April 2013.

Bure Equity AB (publ)

For more information contact:

Henrik Blomquist, Acting CEO
Tel. +46 8 – 614 00 20
Andreas Berglin, CFO
Tel. +46 8 – 614 00 20

PDF