At today’s extraordinary general meeting, each subsequent constituent meeting of the board held in B&B TOOLS AB (publ) the following was resolved:
The distribution of the shares in Momentum Group AB (publ)
In accordance with the board’s proposal, it was decided on a dividend of B&B TOOLS, all the shares in Momentum Group AB (publ) to the shareholders of B&B TOOLS.
One (1) share of series A, B&B TOOLS carries the right to one (1) share of series A Momentum Group and a (1) class B share in B&B TOOLS carries the right to one (1) share of series B in the Momentum Group. The record date for the dividend will be June 16, 2017. The shares in Momentum Group is calculated, recorded on the recipient’s VP-account around the 20th of June 2017. Estimated first day of trading in the Momentum of the Group’s shares of series B, on Nasdaq Stockholm is 21 June 2017.
The election of board members
At the annual general meeting it was further resolved that the election of the new board of the B&B TOOLS. Fredrik Börjesson, Charlotte Hansson, and Gunilla Spongh, which have previously been included in the board of directors of B&B TOOLS, will be included in the board of directors of Momentum Group. For this reason, they have set their places in the B&B TOOLS ‘ board of directors to disposal. At today’s extraordinary general meeting resolved, in accordance with the nomination committee’s proposal, to Malin Nordesjö, Johan Lake, and Louise Undén to replace the outgoing members for the period until the end of the next annual general meeting.
The new CEO of B&B TOOLS – Pontus Boman
In accordance with the previous communication, left the B&B TOOLS ‘ CEO Ulf Lilius its position in connection with the general meeting’s decision on the distribution of the Momentum Group to take office as PRESIDENT & Ceo of the Momentum Group. The board accordingly decided at the subsequent statutory meeting of the board to appoint the company’s current vice president Pontus Boman to be the new CEO & President of B&B TOOLS.
Information about the extraordinary general meeting
Further information about the extraordinary general meeting are available on the Company’s website under the menu corporate Governance / annual general meeting / Extraordinary general meetings.
Stockholm, 14 June 2017
B&B TOOLS AB (publ)
For further information, please contact:
Mats Karlqvist, Head – Investor Relations, B&B TOOLS AB, telephone 070-660 31 32
This information is such as the B&B TOOLS AB (publ) is obliged to publish in accordance with the Nasdaq Stockholm’s rule book for issuers. The information was submitted for publication on 14 June 2017, there is a 12:30 CET.
170614 BB TOOLS PR the Extraordinary general meeting Statutory meeting of the board En
