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Transmode: Bulletin from Transmode AB's Annual General Meeting 10 April 2014

Stockholm, Sweden - 10 April 2014

Approval of the Income Statement and the Balance Sheet

The Annual General Meeting (the "Meeting") approved the profit and loss
statement and the balance sheet for the parent company, as well as of the
consolidated profit and loss statement and the consolidated balance sheet for
the fiscal year 2013.


The Meeting resolved, in accordance with the proposal of the Board of
Directors, on dividend to the shareholders of SEK 6.50 per share, of which
SEK 1.80 is an ordinary dividend and SEK 4.70 is an extraordinary dividend.
The record date was determined as Tuesday 15 April 2014. The dividend is
expected to be distributed on Tuesday 22 April 2014.

Board of Directors

The Meeting discharged the members of the Board of Directors and the Chief
Executive Officer from liability for the fiscal year 2013.

Current members of the Board of Directors Torbjörn Nilsson, Helena
Nordman-Knutson, Tom Nyman, Axel Roos, Kevin Taylor, Gerd Tenzer and Roland
Thornton were re-elected.

The Meeting re-elected Tom Nyman as Chairman of the Board of Directors.


The Meeting appointed PwC, with the authorised public accountant Johan Engstam
as auditor in charge, as auditor for a term until the close of the Annual
General Meeting 2015.

Compensation to the Board of Directors

The Board of Director's fee was set at SEK 1,775,000 which is unchanged from
last year, in accordance with the Nomination Committee's proposal. The fee
will be distributed as follows: SEK 325,000 to the Chairman of the Board of
Directors, SEK 200,000 to each of Torbjörn Nilsson, Helena Nordman-Knutson
and Axel Roos, SEK 250,000 to Gerd Tenzer and SEK 300,000 to each of Kevin
Taylor and Roland Thornton. In addition to that a total fee of SEK 180,000
shall be distributed for committee work.

Nomination Committee
The Meeting approved the proposal for the Nomination Committee.

Guidelines for remuneration to the senior executives

The Meeting approved the Board of Directors' proposal regarding guidelines for
remuneration to the senior executives. The guidelines substantially accords
with what was determined at the Annual General Meeting in 2013.

Incentive program

The Meeting resolved to adopt the Board of Directors' proposal regarding a
long-term incentive program. The program involves the implementation of a
long-term share savings program that comprises all approximately 300
employees within Transmode and could result in a maximum allotment of 136,457
shares. Employees who choose to participate in the share savings program
will, provided they make a personal investment in shares in Transmode
(so-called saving shares), be allotted, free of charge, shares in Transmode
(by so-called matching share rights and performance share rights)
approximately three years after their investment, provided that certain
conditions are fulfilled.

Furthermore, the Meeting resolved in accordance with the Board of Directors'
proposal to authorise the Board of Directors to resolve on repurchase of the
Company's own shares on NASDAQ OMX Stockholm, up to an amount where the
Company's holding does not at any time exceed 1 percent of the total number
of shares and votes in the Company, and on a transfer up to 136,457 shares to
participants in the program.

The information in this announcement is required to be disclosed by Transmode
AB under the Swedish Securities Markets Act (Sw. lagen om
värdepappersmarknaden). This information was released for publication at
11.30 AM CEST on 10 April 2014.

This is a translation of the Swedish original. In case of any inconsistency
between the Swedish and English version, the Swedish version shall prevail.

For more information please contact:

Ola Elmeland
Vice President Marketing&Communications
Transmode Systems AB
Telephone: +46 8 506 882 71

About Transmode

Transmode is a global provider of packet-optical networking solutions that
enable fixed line and mobile network operators to cost effectively address
the capacity needs created by the rapid growth in video and data traffic.
These solutions are important building blocks in next-generation high-speed
optical networks that support services such as broadband backhaul, mobile
data backhaul, video delivery services and cloud computing. Transmode's
solutions are designed to increase the capacity, flexibility and
functionality of metro and regional networks and are based onWavelength
Division Multiplexing(WDM) and transport technologies such as Ethernet.
Transmode'sNative Packet Optical 2.0architecture gives customers key
advantages such as cost efficient Ethernet services, ultra-low latency, low
power consumption and future proof network design.

Transmode is headquartered in Stockholm, Sweden and is listed on the NASDAQ
OMX Stockholm Exchange (TRMO). Since 2000 the company has installed more than
45,000 systems for over 550 fixed andmobilenetwork operators, service
providers, large enterprises and public institutions in over 50 countries
across the globe.

For additional information about Transmode, please visitwww.transmode.com.Press release PDF


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Transmode via Globenewswire


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