Pandox said Jeanette Dyhre Kvisvik was elected as a member of its board until the end of the next annual shareholders' meeting.

The shareholders' meeting also resolved that the number of board directors will be increased to eight from seven, without deputy members. Other resolutions passed at the March 29 meeting include the distribution of dividends of 4.10 Swedish kronor per share.

As of March 28, US$1 was equivalent to 8.78 Swedish kronor.