ANNUAL GENERAL MEETING IN FASTIGHETS AB BALDER (PUBL)
The Annual General Meeting (AGM) of Fastighets AB Balder (publ) was held on 8 May, 2018 in Gothenburg.
Christina Rogestam, Chairman of the Board, opened the meeting and was elected Chairman of the AGM.
Erik Selin, CEO, reported on the company´s operations during 2017.
The income statement and the balance sheet as well as the consolidated income statement and the consolidated balance sheet for 2017 were adopted. The Board members and the CEO were discharged from liability for their administration during the 2017 fiscal year.
The AGM resolved that the shareholders shall not obtain any dividend.
The AGM resolved that the fees for board assignment should be SEK 560,000 in total, to be distributed as follows: SEK 200,000 to the Chairman of the Board and SEK 120,000 to each of the other Board members who are not employed by the company.
The AGM resolved that auditor’s fees shall be paid against approved account.
Christina Rogestam, Erik Selin, Fredrik Svensson, Sten Dunér and Anders Wennergren were reelected as members of the Board. Christina Rogestam was reelected as Chairman of the Board.
It was noted that PricewaterhouseCoopers has been elected as auditor for the company until the end of the AGM 2019 and with the authorized public accountant Bengt Kron as auditor in charge.
The AGM resolved to adopt that the new Nomination Committee shall consist of one representative for each one of the two largest shareholders or ownership spheres together with Lars Rasin, as the chairman of the Nomination Commitee, representing all other shareholders. The elected members of the Nomination Committee shall be announced not later than six months prior to the AGM 2019.
A remuneration policy for senior executives was adopted in accordance with the Board of Directors motion.
The AGM resolved to adopt new articles of association. The new articles of association only cover ordinary shares of Class A and ordinary shares of Class B. Other changes introduced in the new articles of association was; the pre-emption right on new issued shares that has been enjoyed by holders of preferred shares was removed, the preferred shareholder’s right to dividend was removed, the general meeting’s capacity to reduce the share capital through redemption of preferred shares was removed, the preferred shareholders’ pre-emption right to the company’s assets if the company would be liquidated was removed, the agenda of the general meeting was changed to cover the election of one person to verify the minutes, and that the auditor’s mandate shall extend to the end of the AGM held during the first, second, third and fourth financial year after the year when the auditor was appointed.
The AGM resolved to adopt and to authorize the Board of Directors, during the period until the next annual general meeting, on one or more occasions, to resolve upon an issue of ordinary shares of Class B, with or without a derogation from the shareholders’ pre-emption rights, of a maximum of 10 per cent of the total existing share capital at the date of AGM 2018.
The AGM further resolved to adopt and to authorize the Board of Directors during the period until the next annual general meeting, on one or more occasions, to acquire and assign Class B shares issued by the company. However, the company´s holdings of shares issued by the company, may not exceed 10 per cent of the total number of shares in the company. The Board of Directors was also authorized by the AGM to dispose of the company’s holdings of shares issued by the company.
For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
CFO Magnus Björndahl, +46 735 582 929
This is information that Fastighets AB Balder is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on May 9, 2018.
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 104.1 billion (88.4) as of 31 March 2018. The Balder share is listed on Nasdaq Stockholm, Large Cap.
Fastighets AB Balder (publ)
PO Box 53 121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg