Notice of EGM 22 March 2017
The shareholders of Ferronordic Machines AB (publ) are invited to attend an extraordinary general meeting to be held at 10 am (CET) on Wednesday 22 March 2017 at the company’s office at Hovslagargatan 5B, Stockholm. Registration for the general meeting will begin at 09.30 am.
- Opening of the meeting
- Election of chairman of the meeting
- Verification of the voting list
- Approval of the agenda
- Election of controllers
- Determination whether the meeting has been duly convened
- Resolution on disposition to be made of the company’s profits
- Closing of the meeting
As announced on 17 February 2017, the board proposes that the meeting resolve to pay dividends on the preference shares in an amount of SEK 55 per preference share, corresponding to a total dividend payment of SEK 27,500,000. As record date for the payment, the board proposes 25 April 2017. If the meeting resolves in accordance with the proposal, the dividend would be paid through Euroclear Sweden AB on 28 April 2017.
According to the articles of association, from the first payment date after the annual general meeting 2016 until the first payment date after the annual general meeting 2023, the amount by which the preference shares have a preferred right to dividends increases by SEK 10 per year, divided evenly between the semi-annual payments. The increase is included in the proposed dividend.
No dividend shall be paid with regard to ordinary shares.
Shareholders who wish to attend the meeting must be recorded in the share register maintained by Euroclear Sweden AB latest on 15 March 2017 and notify the company of their intention to attend no later than 5 pm (CET) on 15 March 2017.
About Ferronordic Machines
Ferronordic Machines is the authorized dealer of Volvo Construction Equipment and Terex Trucks in Russia. It is also the official distributor of Dressta and Rottne in Russia. Ferronordic Machines has also been appointed aftermarket dealer for Volvo and Renault Trucks as well as dealer for Volvo Penta in certain parts of Russia. The company began its operations in 2010 and has expanded rapidly across Russia. The company is well established in all federal districts with approximately 70 outlets and almost 800 employees. The vision of Ferronordic Machines is to be regarded as the leading service- and sales company in the CIS markets. The preference shares of Ferronordic Machines are listed on NASDAQ OMX First North Premier. The company has appointed Avanza Bank AB as its Certified Advisor.
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This information is information that Ferronordic Machines AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 27 February 2017, 07:45 CET.
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