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FLSmidth Company Announcements

Brief summary of FLSmidth & Co. A/S Annual General Meeting

15.04.2005
Message to the Copenhagen Stock Exchange, No. 12 - 2005.

At 16.00 hours on Friday 15 April 2005, FLSmidth & Co. A/S held its Annual General Meeting at Radisson SAS Falconer Center, Frederiksberg, Copenhagen with the following agenda:
1.      Management and Board of Directors report on the activities of the Company.
2.      Submission of the Annual Report.
3.      Adoption of the Annual Report and discharge of the Board and Management from their obligations.
4.      Board recommendations for the distribution of profits.
5.      Election of members to the Board of Directors.
6.      Appointment of one or two state-authorised accountants as auditors.
7.      Any proposals by the Board of Directors or by shareholders
 
The report by the Board and Management was sent to the Copenhagen Stock Exchange today Friday 15 April at 16.01 hours (Stock Exchange Announcement No. 11 - 2005, available at the FLSmidth website, www.flsmidth.com under News/Announcements).
 
Re 1 - 4: Items 1 to 4 on the agenda were dealt with as one item. The Company in General Meeting adopted the Annual Report and the accounts and discharged the Board and Management from their obligations. The Board's proposal to distribute DKK 7 dividend per share was approved.
 
Re 5: Pursuant to the Articles of Association, the members of the Board elected at the General Meeting shall retire at each Annual General Meeting. Mr Tom Knutzen and Mr Johan Schrøder did not stand for reelection to the Board of Directors. The remaining Board members (Messrs Jørgen Worning, Torkil Bentzen, Johannes Poulsen and  Jens S. Stephensen) were reelected, whilst Mr Jesper Ovesen and Mr Søren Vinther were elected as new members as proposed by the Board of Directors.
 
Re 6: The Company in General Meeting approved the Board's proposal to reappoint KPMG C. Jespersen and Deloitte & Touche, Statsautoriseret Revisionsaktieselskab as auditors.
 
Re 7: The Company in General Meeting approved the Board's proposal to grant the Company authorisation until the next Annual General Meeting to acquire own shares up to a total nominal value of 10 per cent of the Company's share capital pursuant to Section 48 of the Danish Public Companies Act. The consideration for the shares acquired shall not deviate more than 10 per cent from the official price quoted on the Copenhagen Stock Exchange at the time of acquisition.

The Chairman of the Meeting, Mr Klaus Søgaard, closed the Annual General Meeting at 17.02 hours. 450 shareholders, representing 75% of the votes, attended the Annual General Meeting.
 
At the subsequent initial Board meeting, the Board elected Mr Jørgen Worning as Chairman and Mr Jens S. Stephensen as Vice Chairman.
 
FLSmidth & Co. A/S
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