Solar A/S Approves Ordinary and Extraordinary Dividends; Approves Board Elections
April 11, 2014 at 07:30 am EDT
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Solar A/S announced that at the annual general meeting, the board of directors approved the resolution to appropriate profit with dividend payments of DKK 12.00 (€1.61) per share at DKK 100. The shareholders of the company also approved the grant of authority to the Board of Directors to distribute up to DKK 15.00 (€2.01) per share as extraordinary dividends for the period until the next annual general meeting.
The shareholders of the company approved the election of Ulf Gundemark to the Board of Directors. At the following board meeting, the Board of Directors elected Agnete Raaschou-Nielsen was named Vice chairman of the Board of Directors and member of the Audit Committee.
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 
