Bli medlem
Bli medlem

Du är här


Transmode: Bulletin from Transmode AB's Annual General Meeting 16 April 2015

Stockholm, Sweden - 16 April 2015

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 the
consolidated profit and loss statement and the consolidated balance sheet for
the fiscal year 2014.


The Meeting resolved, in accordance with the proposal of the Board of
Directors, on dividend to the shareholders of SEK 1.95 per share. The record
date was determined as Monday 20 April 2015. The dividend is expected to be
distributed on Thursday 23 April 2015.

Board of Directors

The Meeting discharged the members of the Board of Directors and the Chief
Executive Officer from liability for the fiscal year 2014.

Current members of the Board of Directors Torbjörn Nilsson, Helana
Nordman-Knutson, Tom Nyman, Axel Roos, Kevin Taylor and Roland Thornton were
re-elected. Ian Jenks was elected as new member of the Board of Directors.

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 2016.

Compensation to the Board of Directors

The Board of Director's fee was set at SEK 2,000,000 in accordance with the
Nomination Committee's proposal. The fee will be distributed as follows: SEK
400,000 to the Chairman of the Board of Directors, SEK 225,000 to each of
Torbjörn Nilsson, Helena Nordman-Knutson and Axel Roos, SEK 325,000 to each
of Kevin Taylor and Roland Thornton and SEK 275,000 to Ian Jenks. 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.

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 290
employees within Transmode and could result in a maximum allotment of 161,200
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 Stockholm, up to an amount where the Company's
holding does not at any time exceed 1.6 percent of the total number of shares
and votes in the Company (comprising all incentive programmes resolved on by
the annual general meetings 2013-2015), and on a transfer up to 161,200
shares to participants in the program 2015.

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 6:30 PM CET on 16 April 2015.

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:

Johan Wilsby
Chief Financial Officer
Transmode AB
Phone: +46 8 410 88 189

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
50,000 systems for over 650 fixed andmobilenetwork operators, service
providers, large enterprises and public institutions in over 50 countries
across the globe.

For additional information about Transmode, please

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


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.