Bulletin from the annual general meeting of Green Landscaping Holding AB (publ)
At the annual general meeting in Green Landscping Holding AB (publ) today 14 May 2018, the shareholders resolved upon the following:
Adoption of income statement and balance sheet as well as consolidated income statement and consolidated balance sheet
The annual general meeting adopted the income statement and consolidated income statement as well as the balance sheet and the consolidated balance sheet for the financial year 2017.
Resolution on allocation of the company’s profits
The annual general meeting approved the proposal of the board of directors that the company’s accumulated profits of SEK 113,989,361 shall be carried forward in new account and that no dividends shall be paid for the financial year 2017.
Resolution on discharge from liability, re-election of board members and board fees
The annual general meeting resolved on discharge from liability for the members of the board of directors and the CEO for the financial year 2017.
The annual general meeting resolved that the board of directors shall consist of six board members. Per Sjöstrand, Andreas Bruzelius, Åsa Källenius and Monica Trolle were re-elected as board members and Per Sjöstrand was re-elected as chairman of the board for the period until the close of the next annual general meeting. Johan Nordström and Staffan Salén were elected as new board members for the period until the close of the next annual general meeting.
The annual general meeting resolved that the fees payable to the board of directors for the period until the next annual general meeting shall amount to a total of SEK 625,000 out of which SEK 250,000 (unchanged) shall be paid to the chairman of the board of directors and SEK 125,000 (unchanged) to each of the other ordinary members except for the company’s CEO Johan Nordström and Andreas Bruzelius who has waived his right to remuneration pursuant to his employment with FSN Capital Partners (investment advisor to FSN Capital III). It was further resolved that fees of SEK 75,000 shall be paid to the chairman of the auditing committee during the period until the next annual general meeting. Other than that, no fees shall be payable to the members of the committees of the board of directors.
Election of auditor and determination of fees to the auditor
The annual general meeting re-elected the auditing firm EY as auditor and resolved that the auditor shall be paid in accordance with approved invoices.
Resolution on guidelines for remuneration to the senior management
The annual general meeting approved the proposal of the board of directors regarding guidelines for remuneration to the senior management, which were corresponding to the guidelines adopted at the extraordinary general meeting held on 11 March 2018.
Resolution on principles for the appointment of and instructions for a nomination committee
The annual general meeting resolved on a process for the nomination committee ahead of the 2019 annual general meeting. The resolution means, in essence, that the nomination committee shall consist of four members – one person appointed by each of the three largest shareholders (or known shareholder groups) as of the last banking day in September who wished to appoint a member of the nomination committee and the chairman of the board of directors. If one of the three largest shareholders by votes waives its right to appoint a member of the nomination committee, the right shall pass to the fourth largest shareholder by votes, and so on.
Resolution on authorization for the board of directors to increase the share capital
The annual general meeting resolved on an authorization for the board of directors to, on one or more occasions during the period until the next annual general meeting, resolve upon issuance of new shares and/or convertible bonds which entails issue of or conversion into a total of not more than 3,550,000 shares, corresponding to approximately 10 percent of the shares capital and number of votes in the company as of today based on the current number of shares in the company.
The objective of the authorization and potential deviations from the shareholders’ preferential rights is that new issues shall be made in a time effective manner in order to finance company acquisitions or investments in new or current operations.
Additional information from the annual general meeting
Complete proposals regarding the resolutions by the annual general meeting in accordance with the above are available at www.greenlandscapinggroup.se. Minutes from the annual general meeting will be made available on the website no later than two weeks after the annual general meeting.
For more information:
Carl-Fredrik Meijer, CFO, + 46 70-108 70 19, email@example.com
This information was submitted for publication at 17:45 CET on 14 May 2018.
Green Landscaping Group is the #1 landscaping service provider in Sweden. Our business idea is to refine our customers’ outdoor environments by offering services focused on high customer value, long-term sustainability and quality. The group has approximately 650 employees and sales amount to around SEK 1 billion. For more information, please visit www.greenlandscapinggroup.se.