Bulletin from Hoist Finance AB (publ)'s Annual General Meeting 28 April 2017
Approval of the Income Statement and the Balance Sheet
The Annual General Meeting (the “Meeting”) approved the income statement and the balance sheet for the parent company, as well as the consolidated income statement and the consolidated balance sheet for the financial year 2016.
Dividend
The Meeting resolved, in accordance with the proposal of the Board of Directors, on dividend to the shareholders of SEK 1.30 per share, in total SEK 104,935,437. The record date was determined as Wednesday 3 May 2017. The dividend is expected to be distributed by Euroclear Sweden AB on Monday 8 May 2017.
Board of Directors
The Meeting discharged the members of the Board of Directors and the CEO from liability for the financial year 2016.
Current members of the Board of Directors Ingrid Bonde, Liselotte Hjorth, Jörgen Olsson, Costas Thoupos and Gunilla Wikman were re-elected. Cecilia Daun Wennborg, Malin Eriksson and Joakim Rubin were elected as new members of the Board of Directors. The Meeting re-elected Ingrid Bonde as Chairman of the Board of Directors. The former members of the Board of Directors Annika Poutiainen and Magnus Uggla resigned at the Meeting.
Auditor
The Meeting appointed, in accordance with the Nomination Committee’s proposal, KPMG AB, with the authorised public accountant Anders Bäckström as auditor in charge, as auditor until the end of the Annual General Meeting 2018.
Compensation to the Board of Directors
The remuneration to the Board of Directors was set as follows, in accordance with the Nomination Committee’s proposal, SEK 1,350,000 to the Chairman of the Board of Directors, SEK 450,000 to each of the other members of the Board of Directors, SEK 150,000 to the Chairman of the Risk and Audit Committee, SEK 100,000 to each of the other members of the Risk and Audit Committee, SEK 50,000 to the Chairman of the Remuneration Committee, SEK 50,000 to each of the other members of the Remuneration Committee, SEK 150,000 to the Chairman of the Investment Committee and SEK 100,000 to each of the other members of the Investment Committee.
Nomination Committee
The Meeting approved the proposal regarding rules for the Nomination Committee.
Guidelines for remuneration to the senior executives
The Meeting approved the Board of Director’s proposal regarding guidelines for remuneration to senior executives.
Authorisation for new issue of shares
The Meeting resolved, in accordance with the Board of Director’s proposal, to authorise the Board of Directors, during the period until the next Annual General Meeting, in conjunction with enable raising of capital for financing of acquisitions of companies or businesses and larger portfolio investments, on one or several occasions, with or without deviation from shareholder’s preferential rights, against cash payment, through set-off or against consideration in kind, to make a decision on issuance of new ordinary shares. The number of shares in the company may, by virtue of this authorisation, not exceed an increase of ten (10) per cent of the number of shares in the date of the Meeting.
Amendment of the Articles of Association
The Meeting resolved, in accordance with the Board of Director’s proposal, to adopt new Articles of Association whereby the objects of company are adjusted to the rules in the Swedish Banking and Financing Business Act (2004:297) (Sw. lagen om bank- och finansieringsrörelse).
Statutory meeting
At a statutory meeting held in connection with the Meeting; (i) Ingrid Bonde, Cecilia Daun Wennborg and Gunilla Wikman were elected as members of the Risk and Audit Committee with Cecilia Daun Wennborg as Chairman of the committee, (ii) Ingrid Bonde and Gunilla Wikman were elected as members of the Remuneration Committee with Ingrid Bonde as Chairman of the committee, and (iii) Malin Eriksson, Liselotte Hjorth, Jörgen Olsson, Joakim Rubin and Costas Thoupos were elected as members of the Investment Committee with Liselotte Hjorth as Chairman of the committee
For further information please contact:
Michel Jonson, Group Head of IR
Telephone: +46 (0)8 555 177 19
About Hoist Finance
Hoist Finance is a trusted debt restructuring partner to international banks and financial institutions. We are specialised in serving banks in handling non-performing loans, and supporting individuals in becoming debt free. Through expertise and rigorous compliance we earn the banks’ trust. Through respect, honesty and fairness we earn the trust of our customers.
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