Lundbergs' Annual General Meeting
Lundbergs' Annual General Meeting on Tuesday adopted the Board of
Directors' proposal that a dividend of SEK 7.75 per share be paid for
the 2005 fiscal year, an increase compared with the SEK 7.00 paid for
the preceding year. The record date for dividends is April 7, 2006 and
the dividend payment date is April 12, 2006.
Gunilla Berg, Lennart Bylock, Tom Hedelius, Fredrik Lundberg, Sten
Peterson, Bengt Pettersson, Per Welin och Christer Zetterberg were
re-elected to the Board. Per Welin was re-elected Chairman of the Board.
In accordance with a proposal from the Board, the Meeting also voted to
authorize the Board to make decisions regarding the repurchase of Series
B Lundberg shares during the period up to the next Annual General
Meeting. The purchases are to be made on the Stockholm Stock Exchange
and be subject to the limit that Lundbergs' holding may not exceed 10%
of the total number of Company shares. The Company's holding of Lundberg
shares currently amounts to 145,483 Series B shares, corresponding to
0.2% of all the shares in the Company.
The Meeting also resolved to adopt the Board of Directors' proposal
amending the Articles of Association, which is mainly required in order
to adapt them to the new Swedish Companies Act.
During his address to the Meeting, Company President Fredrik Lundberg
reported on Lundbergs' business trend. In the past five years, the total
return on the Lundberg share has averaged 22% per year. This may be
compared with the return index for the stock market as a whole, which
grew by an average of 4% per year during the same period. In 2005,
Lundbergs' net asset value rose by 21%, after the dividend had been
detached, and the total return was 20%.
It was also reported that on March 30, 2006 net asset value after
deferred tax amounted to SEK 496 per share, compared with SEK 421 per
share on December 31, 2005.
Stockholm, April 4, 2006
L E Lundbergföretagen AB (publ)
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