Solar A/S Proposes Dividend for the Financial Year 2013; Proposes Extraordinary Dividend; Proposes Director Changes
March 17, 2014 at 07:31 am EDT
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Solar A/S announced that the annual general meeting will be held on April 11, 2014. The board of directors proposed that €12.6 million be distributed as dividends for the financial year 2013, equaling DKK 12.00 (€1.61) per share of DKK 100.
The board of directors also proposes that it be granted the authority to make the decision to distribute extraordinary dividends of up to DKK 15.00 (€2.01) per share for the period until the next annual general meeting.
The company proposed new election of Ulf Gundemark as member of the Board of Directors. Peter Falkenham has informed the company that he will not be up for re-election. Ulf Gundemark was CEO of Elektroskandia Nordic Group from 1998 to 2008 and held the main responsibility for the Nordic region in the Hagemeyer Group. Ulf Gundemark is chairman of the board of directors of Ripasso Energy AB and board member in Papyrus AB, Constructor Group AS, Lantmannen Ekonomisk Forening, Scandi Standard Group AB and AQ Group AB.
Solar A/S is a Denmark-based company engaged in the distribution of electrical, heating, plumbing and ventilation components. The Companyâs sales are divided into industry segment and contractor segment. The Company offers, among others, lightning, boilers and radiators, water heaters, heat pumps, switches and socket outlets, detection and push buttons, fans and air handling units, solar heating units, fire alarm systems, contactors, and cables for building, marine and offshore, and telecommunications industries. The products are distributed through a network of centrally located branches, drive-ins supporting the central warehouses and through an online channel. Apart from this, it sells accessories for consumer electronics through Aurora Group A/S. Solar A/S operates a number of subsidiaries in Denmark, Faroe Islands, Sweden, Norway, the Netherlands, Belgium, Poland and Austria. It operates, among others, through MAG45, an integrated supply company.
SOLAR A/S 
