Bulletin from Hoist Finance AB (publ)’s Annual General Meeting 29 April 2016
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 2015.
Dividend
The Meeting resolved, in accordance with the proposal of the Board of Directors, on dividend to the shareholders of SEK 0.75 per share, in total SEK 59,000,000. The record date was determined as Tuesday 3 May 2016. The dividend is expected to be distributed by Euroclear Sweden AB on Monday 9 May 2016.
Board of Directors
The Meeting discharged the members of the Board of Directors and the CEO from liability for the financial year 2015.
Current members of the Board of Directors Ingrid Bonde, Liselotte Hjorth, Annika Poutiainen, Gunilla Wikman, Jörgen Olsson and Costas Thoupos were re-elected. Magnus Uggla was elected as new member of the Board of Directors.
The Meeting re-elected Ingrid Bonde as Chairman of the Board of Directors.
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 2017.
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.
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 leading debt restructuring partner to international banks and financial institutions, offering a broad spectrum of advanced solutions for acquisition and management of non-performing unsecured consumer loans. Hoist Finance operates through eleven in-house collection centers across Europe, complemented by local external debt servicing partners. The total carrying value of Hoist Finance’s acquired loans was approximately SEK 11.3 billion as per 31 December 2015. The parent company Hoist Finance AB (publ) is listed on Nasdaq Stockholm Mid-Cap list and its subsidiary Hoist Kredit AB (publ) is a regulated “Credit Market Company” under the supervision of the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). In Sweden, the company offers internet-based savings deposit services through HoistSpar, with around 85,000 accounts.