The following motions were approved at the company's AGM, held in the
conference hall of Nýherji's offices at Borgartún 37, at 4:00 pm on 6 February
2009:
1. The company's annual financial statements were submitted and adopted
unanimously.
2. A motion submitted to the meeting providing for payment of a dividend of
20%. In his address, the Chairman of the Board explained that the company's
banks had commented on the payment of a dividend, given the current serious
economic situation. In view of this fact, the Chairman moved that the
motion be amended and that no dividend be paid for the 2008 operating year.
The Chairman's motion was approved unanimously.
3. A motion was adopted proposing that compensation paid to the Board for the
2008 operating year be as follows: to the Chairman of the Board, ISK
2,550,000; to other directors, ISK 850,000; and to alternates, ISK 63,000
for each meeting attended.
4. It was agreed that the Board of Directors for the coming operating year
will be composed of the following: Benedikt Jóhannesson, Árni Vilhjálmsson
and Guðmundur Jóh. Jónsson and Jafet S. Ólafsson as alternate.
5. The motion that KPMG hf. be elected as the company's auditor was adopted.
6. A motion was adopted authorising purchase by the company of own shares, as
provided for in Art. 55 of the Act on Public Limited Companies, providing
for the Board to acquire up to 10% of the nominal value of the company's
share capital, cf. Chapter VIII of the Act on Public Limited Companies, No.
2/1995. The purchase price of such shares shall not be more than 20% above
or below the latest listed share price on OMX Nordic Exchange in Iceland.
The authorisation shall be valid for up to 18 months.
The new Board of Directors decided on the division of its tasks at a Board
meeting held directly following the AGM. Benedikt Jóhannesson shall serve as
Chairman of the Board. Árni Vilhjálmsson was elected Vice-chairman.
Financial Calendar for 2009
The estimated dates of publication of interim and annual financial statements
for 2009 are as follows:
Q1 2009 results 24 April 2009
Q2 2009 results 24 July 2009
Q3 2009 results 23 October 2009
Q4 and annual 2009 results 29 January 2010
Annual General Meeting 12 February 2010