Nobia's 2008 Annual General Meeting
Dividend
The Annual General Meeting today approved a dividend of SEK 2.50 per share for the fiscal year. The record date for the right to receive dividends is 4 April 2008 and payment through VPC is expected to take place on 9 April 2008.
Election of Board members
Board members Stefan Dahlbo, Bodil Eriksson, Hans Larsson, Wilhelm Laurén, Harald Mix, Thore Ohlsson, Lotta Stalin and Fredrik Palmstierna were re-elected. Preben Bager, Executive Vice President and, as of 2 April 2008, President and CEO of Nobia, was elected as new Board member. Fredrik Cappelen resigned from his position as CEO and Board member.
Election of Chairman
The Meeting elected Hans Larsson as Chairman of the Board of Directors.
Performance-related employee share option scheme
The Annual General Meeting resolved upon a share option scheme. This means that for 2008, approximately 200 senior executives in the Nobia Group will be allotted a total of a maximum of 2,650,000 employee share options free of charge. The number of options that may be exercised is determined by the average increase in earnings per share over the three-year period 2008-2010. Each employee share option entitles subscription for one share in Nobia.
Authorisation regarding buy-back of treasury shares
The Annual General Meeting decided to authorise the Board of Directors to acquire and sell treasury shares during the period until the next Annual General Meeting on the basis of the conditions presented in more detail in the complete decision.
A detailed description of the employee share option scheme and the authorisation regarding the buy-back of treasury shares and other decisions made at the Annual General Meeting are available on the company's website.
Presentation by the President
The PowerPoint presentation given by President and CEO Fredrik Cappelen in Swedish at the Annual General Meeting is available for viewing at Nobia's website, www.nobia.com.
Nobia AB
1 April 2008
For further information, contact:
Hans Larsson, Chairman of the Board, telephone +46 8 679 92 04, mobile +46 70 592 92 55
Nobia is the leading kitchen company in Europe with operations in some ten countries. The Group manufactures and sells complete kitchen solutions through many strong local and international brands, including Magnet in the UK, HTH in the Nordic region, Hygena in France and Poggenpohl internationally. Sales are generated through specialised kitchen studios, retailers and direct to corporate customers. Nobia creates profitable and sustainable growth by enhancing efficiency and making acquisitions. Nobia has about 8,000 employees and annual net sales of approximately SEK 16 billion. The Nobia share is listed on the OMX Nordic Exchange Stockholm AB under the shortname NOBI, in the Large Cap segment and the Consumer Discretionary sector. Nobia is included in the OMX Stockholm Benchmark Index. More information is available at www.nobia.com.