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Securitas: Annual General Meeting of Securitas AB (publ)

Relateret indhold

Annual General Meeting of Securitas AB (publ)

At today's Annual General Meeting of Securitas AB (publ) the following

was resolved:

Board of Directors

The Annual General Meeting resolved that the number of Board members

shall be ten with no deputy members. The Meeting re-elected Fredrik

Cappelen, Carl Douglas, Marie Ehrling, Annika Falkengren, Stuart E.

Graham, Alf Göransson, Berthold Lindqvist, Fredrik Palmstierna, Melker

Schörling and Sofia Schörling-Högberg. Melker Schörling was re-elected

Chairman of the Board. The fee to the Board members was determined to

SEK 5,425,000 in total (including fees for committee work) apportioned

so that the Chairman of the Board shall receive SEK 1,000,000, the

deputy Chairman SEK 725,000 and the other Board members, except for the

President, SEK 450,000 each. The Chairman of the Audit Committee shall

receive SEK 200,000, the Chairman of the Remuneration Committee SEK

100,000, a member of the Audit Committee SEK 100,000 and a member of the

Remuneration Committee SEK 50,000.

Auditor

At the Annual General Meeting 2008 the accounting firm

PricewaterhouseCoopers, Stockholm, was elected auditor of the company

for a period of four years. Peter Nyllinge, authorised public

accountant, is auditor in charge.

Nomination Committee

The Meeting re-elected Gustaf Douglas (Investment AB Latour, etc.),

Marianne Nilsson (Swedbank Robur), Mats Tunér (SEB Fonder) and Mikael

Ekdahl (Melker Schörling AB) and elected Magnus Landare (Alecta) as

members of the Nomination Committee before the Annual General Meeting

2010. Gustaf Douglas was appointed Chairman of the Committee.

Dividend

In accordance with the proposal of the Board, the Meeting resolved to

declare a dividend of SEK 2.90 per share. May 12, 2009 was determined as

record date for dividend and payment from Euroclear Sweden AB is

expected to commence on May 15, 2009.

Guidelines for remuneration to management

The Annual General Meeting resolved on the adoption of guidelines for

remuneration to management, principally entailing that the total

remuneration shall be competitive and in accordance with market

conditions. The guidelines principally entail that the benefits shall

consists of fixed salary, possible variable remuneration and other

customary benefits and pension. The variable remuneration shall be

maximized and related to the fixed salary. The variable remuneration

shall be based on the outcome in relation to set targets and be in line

with the interests of the shareholders. Pension benefits shall be

fee-based and pension rights shall be applicable as from the age of 65,

at the earliest. The variable remuneration shall principally not be

pension qualifying. The complete guidelines are published on the company

website.

Change of the Articles of Association regarding notice to general

Meetings

The Annual General Meeting decided to change the Articles of Association

entailing that the section regarding notice to General meetings, second

paragraph of section 7, is amended so that the number of newspapers in

which notice shall be published is reduced to include Post- och Inrikes

Tidningar and Svenska Dagbladet. In order to prepare for a proposed

simplified notice procedure, it was decided that section 7 in the

Articles of Association regarding notice of General Meetings is amended

to have the following wording: Notice to General meetings shall be

published in Post- och Inrikes Tidningar and on the Company's webpage.

It shall be announced in Svenska Dagbladet that notice of a General

Meeting as been given. The Annual General Meeting further decided that

the latter change of the Articles of Association shall be conditioned

upon the entering into force of a change in the Swedish Companies Act

(SFS 2005:551) regarding notice of General Meetings, making the change

of section 7 in the Articles of Association compliant with the Swedish

Companies Act.

CEO Comments

President and CEO Alf Göransson reported on Securitas operations during

the year 2008 and commented further work within Securitas. The script

and the presentation are published in complete versions at

www.securitas.com. The quotas below are from the script and refer to the

operations:

"Briefly, I could summarize 2008 as a strong year for Securitas. Our

organic sales growth reached 6% - the same as the year before. Our

operating income improved by 13% and our operating margin by 0.2

percentage points to 5.8%. We had no goodwill write-down and no large

items affecting comparability or extraordinary costs. Also, we sorted

out the problems that existed within Loomis' cash handling operation and

listed and distributed Loomis to our shareholders. All in all this

resulted in a significant improvement in net profit over 2007."

"On several occasions I have stated that the security market service is

significantly less cyclical and sensitive to economic fluctuations than

many other industries, and accordingly to GNP trends. There is,

however, a greater correlation between GNP and the security market in

the USA than in Europe.

I believe that this is still the case that the security market is

significantly less cyclical and sensitive to economic fluctuation than

many other industries. The problem is, though, that many companies do

not experience cyclicality. Today some are fighting for their survival.

Securitas is not immune either, although we are being affected far less

than other companies and industries. We actually experienced growth in

the first quarter, albeit modest at 1%."

"We are going to be cautious about acquisitions, at least in the first

half of the year. The reason for this is that we believe it will be

financially beneficial to wait since most of our competitors will

experience weaker volume, bad debt losses and a lower payment ethic

among their customers."

"Our strategy for handling the market and our customer in this recession

situation is to try to help our customer find solutions that reduce

their total security costs, to prioritize profitability first and volume

second, to try to replace contracts with lowest margins into slightly

better margins, to identify weak competitors, customers or contracts

where there is good potential to win, and to pay more attention than

ever to making sure our customer pay on time. We also invest in

comprehensive training programs in order to increase our security

knowledge and expertise at all levels in the company."

"Companies develop when they have managers and employees who ask

themselves the following question every day: 'How can I improve security

and services in the best possible way for my customers?' Securitas is a

company like that and this makes me hopeful and optimistic about the

future."

This press release is also available at: www.securitas.com

Information:

Gisela Lindstrand, Senior Vice President Corporate Communications and

Public Affairs,

Securitas AB, mobile +46 70 287 8662

Micaela Sjökvist, Head of Investor Relations, mobile +46 76 116 7443

Securitas is a knowledge leader in security. By focusing on providing

security solutions to fit each customer's needs, Securitas has achieved

sustainable growth and profitability in more than 30 countries in North

America, Latin America, Europe and Asia. Everywhere from small stores to

airports, our 250,000 employees are making a difference.

Securitas AB discloses the information provided herein pursuant to the

Securities Markets Act and/or the Financial Instrumets

Trading Act. The information was submitted for publication at 17.30

(CET) on May 7, 2009

------------------------------------------------------------

This information was brought to you by Cision http://www.cisionwire.com

The following files are available for download:

http://wpy.waymaker.net/client/waymaker1/f.aspx?id=1189433&fn=wkr0003.pdf Securitas_en

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