Bulletin from Ferronordic’s annual general meeting (AGM) 2024

At Ferronordic’s AGM on 16 May 2024, held at Radisson Collection Strand Hotel, Nybrokajen 9, Stockholm, at 14:00, the shareholders resolved as follows:

• It was resolved not to pay dividend.
   
• The Company’s and the Group’s income statements and balance sheets were adopted.
   
• The Board members and CEO were discharged from liability for the financial year 2023.

• Annette Brodin Rampe, Lars Corneliusson, Håkan Eriksson and Staffan Jufors, Aurore Belfrage and Niklas Florén were re-elected members of the Board for the period until the end of the next annual general meeting.
   
• Staffan Jufors was re-elected Board chairman.
   
• Remuneration to the Board in a total amount of SEK 2,400,000 was approved.
   
• KPMG AB was re-elected auditor. Fees to the auditor are paid as per agreement between the company and KPMG AB.
   
• Procedures were adopted regarding the election of the Nomination Committee and its work. The procedures provide, inter alia, that the four largest shareholders shall be invited to nominate members to the nomination committee. No fees are paid to the members of the nomination committee.
   
• Guidelines for remuneration to senior executives were adopted.
   
• The proposal for incentive program for members of the group’s Executive Management Team was adopted.

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About Ferronordic

Ferronordic is a service and sales company in the areas of construction equipment and trucks. It is the dealer for Volvo CE in all or parts of nine states in the United States and also represents Hitachi, Sandvik and Link-Belt in parts of the same area. Ferronordic is dealer of Volvo Trucks, Renault Trucks and Sandvik Mobile Crushers in Germany and dealer of Volvo CE and certain other brands in Kazakhstan. Ferronordic began its operations in 2010 and currently has 42 outlets and approx. 800 employees. Ferronordic’s vision is to be the leading service and sales company in its markets. The shares in Ferronordic AB (publ) are listed on Nasdaq Stockholm. www.ferronordic.com