Home / Knowledge / News / Fashion / H&M AGM approves divided of SEK 14 per share
H&M AGM approves divided of SEK 14 per share
09
May '08
On Thursday 8 May H & M Hennes & Mauritz AB held its Annual General Meeting under the chairmanship of lawyer Sven Unger. The AGM approved the dividend of SEK 14.00 per share in accordance with the Board of Directors' proposal. The record day is 13 May 2008.

The dividend is expected to be paid out by VPC on 16 May 2008.

The AGM discharged the members of the Board and the Managing Director from liability for the 2006/2007 financial year.

Regular Board members Fred Andersson, Lottie Knutson, Sussi Kvart, Bo Lundquist,

Stig Nordfelt, Karl-Johan Persson, Stefan Persson and Melker Schörling were re-elected by the meeting, which also elected Mia Brunell Livfors as a new Board member. The Board of Directors thus comprises nine members elected by the AGM, compared with eight in the previous year. Stefan Persson was re-elected as Chairman of the Board.

The regular members elected previously by the employees are Margareta Welinder and Marianne Norin-Broman, with Tina Jäderberg and Agneta Ramberg as deputy members.

The AGM approved the proposal from the Election Committee that the total Board fees be increased by SEK 350,000 to SEK 4,250,000. The fees are to be distributed to the members elected by the AGM as follows: Chairman of the Board SEK 1,350,000; members SEK 375,000; members of the Auditing Committee an extra SEK 75,000; and the chairman of the Auditing Committee an extra SEK 125,000. No fees are to be paid to Board member employed by the company.


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