Announcement from the Annual General Meeting of Eastnine AB (publ) on 24 April 2018
The Meeting adopted the income statements and balance sheets included in the Board of Directors’ Annual Report for the parent company and the Eastnine Group for the fiscal year 2017.
The Meeting resolved to allocate this year’s result in accordance with the Board of Directors’ proposal, meaning a dividend to the shareholders corresponding to 2.10 SEK per share and that the remaining profits are carried forward. The dividend is distributed on two payment occasions, of SEK 1.05 per share and payment occasion. The first record date for the dividend is Thursday 26 April 2018 and the second record date is Monday 29 October 2018. The dividend is expected to be paid out via Euroclear Sweden AB on Wednesday 2 May 2018 and Thursday 1 November 2018, respectively.
The Meeting granted the members of the Board of Directors, the former CEO Mia Jurke and current CEO discharge from liability for the period covered by the Audit Report.
The Meeting resolved that the number of Directors shall be five (5).
The Meeting resolved that remuneration to the chairman of the Board is set to SEK 800 000 and that remuneration to other Directors of the Board is set to SEK 400 000 for each Director. Furthermore, it was resolved that fees to the auditor be paid against approved accounts.
Peter Elam Håkansson, Liselotte Hjorth and Nadya Wells were re-elected and Johan Ljungberg and Peter Wågström were elected as new Directors of the Board. Liselotte Hjorth was elected as Chairman of the Board.
The Meeting approved the Board of Directors’ proposal regarding guidelines for remuneration to senior management.
The Meeting approved the Board of Directors’ proposal to reduce the share capital by way of retirement of own shares and to increase the share capital by way of a bonus issue. Further, the Meeting resolved upon an additional reduction of the share capital by way of cancellation of such own shares that are held by the Company at the date of the notification of the resolution to the Swedish Companies Registration Office.
The Meeting approved the Board of Directors’ proposal to establish LTIP 2018 under which participants may be granted an aggregate maximum of 88,092 shares in the company subject to the satisfaction of certain vesting requirements and, for the purpose of ensuring delivery of shares, the transfer of 88,092 own shares to participants of the program. The rationale for LTIP 2018 is to promote shareholder value and the company’s long-term value creation capability by creating conditions for retaining and recruiting competent personnel, increasing the motivation amongst the participants, promoting personal shareholding as well as aligning the participants’ interest with the interest of the company’s shareholders.
The Meeting authorized the Board of Directors to decide on repurchase of own shares in accordance with the proposed resolution.
For further information contact:
Kestutis Sasnauskas, CEO, +46 8 505 97 700
Lena Krauss, CFO, +46 73 988 44 66
Eastnine AB (publ) is a Swedish investment company with a net asset value of EUR 242.5m. The company is currently transitioning into a focused real estate company, with the aim to generate predictable cash flows by being a long-term provider of sustainable prime office space in the Baltic capitals. Eastnine is listed on Nasdaq Stockholm, Mid Cap.
The information was submitted for publication under the auspices of the above stated contact persons on 24 April 2018 at 17:00 CET.