Annual General Meeting of Fastighets AB Balder (publ)
The Annual General Meeting (AGM) of Fastighets AB Balder (publ) was held on 6 May 2015 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 2014.
The income statement and the balance sheet as well as the consolidated income statement and the consolidated balance sheet for 2014 were adopted.
The AGM approved the Board of Directors motion that of the accumulated profit of SEK 6,324,897,407, 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 Board members and the CEO were discharged from liability for their administration during the 2014 fiscal year.
The AGM resolved that the fees for board assignment should be SEK 460,000 in total, to be distributed as follows: SEK 160,000 to the Chairman of the Board and SEK 100,000 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.
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 2016.
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 2015. 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 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
Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 7 May 2015 at 08.30. CEST
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 38.1 billion as of 31 March 2015. The Balder share is listed on NASDAQ OMX Stockholm, Large Cap segment.