Annual General Meeting of Fastighets AB Balder (publ)
The Annual General Meeting (AGM) of Fastighets AB Balder (publ) was held on 11 May 2017 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 2016.
The income statement and the balance sheet as well as the consolidated income statement and the consolidated balance sheet for 2016 were adopted. The Board members and the CEO were discharged from liability for their administration during the 2016 fiscal year.
The AGM approved the Board of Directors motion that of the accumulated profit of SEK 11,763,021,874, a dividend should be declared in the amount of SEK 200,000,000 to the present holders of preference shares and an additional dividend of a maximum amount of SEK 100,000,000 if new preference shares are issued during the period until the next AGM, all subject to the following conditions. Dividend shall be distributed quarterly of SEK 5 per preference share, however, not more than SEK 20, during the period until the next annual general meeting. The AGM further resolved that no dividend would be distributed to holders of ordinary shares.
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.
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.
PricewaterhouseCoopers was elected as auditor for the company until the end of the AGM 2019 with the authorized public accountant Bengt Kron.
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, representing all other shareholders. The elected members of the Nomination Committee shall be announced not later than six months prior to the AGM 2018.
A remuneration policy for senior executives was adopted in accordance with the Board of Directors motion.
The AGM resolved to adopt and to authorise the Board of Directors, during the period until the next annual general meeting, on one or more occasions, to resolve upon an issue of a maximum of 10 per cent of the total existing share capital at the date of AGM 2017. The board can, with the support of the authorisation, isssue maximum 5,000,000 preference shares.
The AGM further resolved to adopt and to authorise 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 and/or preference 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.
For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
CFO Magnus Björndahl, +46 735 58 29 29
This information is information that Fastighets AB Balder (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.30 CEST on May 12, 2017.
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 88.4 billion as of 31 March 2017. The Balder share is listed on NASDAQ Stockholm, Large Cap segment.