Stockholm, Sweden - 16th April 2012
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 2011.
Dividend
The Meeting resolved, in accordance with the proposal of the Board of Directors, on dividend to the shareholders of SEK 1.50 per share. The record date was determined as Thursday 19 April 2012. The dividend is expected to be distributed on Tuesday 24 April 2012.
Board of Directors
The Meeting discharged the members of the Board of Directors and the Chief Executive Officer from liability for the fiscal year 2011.
Current members of the Board of Directors Kent Sander, Eva Lindqvist, Torbjörn Nilsson, Tom Nyman, Gerd Tenzer and Axel Roos were re-elected.
Kevin Taylor was elected as new member of the Board of Directors.
The Meeting re-elected Kent Sander as Chairman of the Board of Directors.
Compensation to the Board of Directors
The Board of Director's fee was set at SEK 1,675,000 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 Eva Lindqvist, Torbjörn Nilsson, Tom Nyman and Axel Roos, SEK 250,000 to Gerd Tenzer and SEK 300,000 to Kevin Taylor. 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 2011.
For more information please contact:
Ola Elmeland
Vice President Marketing & Communications
Transmode Systems AB
Telephone: +46 8 506 882 71
Email: ola.elmeland@transmode.com (mailto:ola.elmeland@transmode.com)
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 based on Wavelength Division Multiplexing (http://www.transmode.com/technologies/wdm) (WDM) and packet optical transport (http://www.transmode.com/technologies/native-packet-optical) technologies, which are designed to increase the capacity, flexibility and functionality of optical metro core and metro access networks. Transmode's Intelligent WDM (iWDM(TM)) (http://www.transmode.com/technologies/iwdm) approach gives key advantages to customers, such as ultra-low latency, low power consumption and innovative 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 30,000 systems for over 400 fixed (http://www.transmode.com/solutions/business-ethernet-solutions) and mobile (http://www.transmode.com/solutions/mobile-backhaul) network operators, service providers, large enterprises and public institutions in over 40 countries across the globe.
For additional information about Transmode, please visit www.transmode.com (http://www.transmode.com/).
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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Transmode via Thomson Reuters ONE
