Resolutions adopted at the Annual General Meeting of Beijer Electronics Group AB

Beijer Electronics Group’s Annual General Meeting for the financial year 2021 was held on Tuesday May 10, 2022, by physical presence and advance postal voting. The shareholders were also able to follow the AGM online, but without the opportunity to vote or ask questions. A recording of CEO Jenny Sjödahl’s presentation at the AGM will be available shortly at the company website www.beijergroup.com. The AGM adopted all resolutions as earlier proposed by the Board of Directors and the Nomination Committee. A summary of the resolutions at the Annual General Meeting and a summary of the Annual General Meeting follows.

The AGM approved the presented Income Statement and Balance Sheet and the Consolidated Income Statement and Consolidated Balance Sheet. The Board members and Chief Executive Officer were discharged from liability. The AGM decided, according to the proposal of the Board of Directors, on a dividend of SEK 0.50 per ordinary share with May 12, 2022 as record date for the dividend. The remuneration report for 2021 was approved. 

The AGM also resolved:

• to elect Bo Elisson as Chairman of the Meeting.
• that the Board of Directors shall consist of six members, without deputies.
• that fees of SEK 600,000 shall be paid to the Chairman of the Board and that fees of SEK 250,000 shall be paid to each of the other Board.
• that fees of SEK 90,000 will be payable to the Chairman of the Board for work in the audit committee, and that fees of SEK 50,000 will be payable to each of the other Board members of the committee (fees remain unchanged from previous year).
• that fees of SEK 50,000 will be payable to the Chairman of the Board for work in the remuneration committee, and that fees of SEK 30,000 will be payable to each of the other Board members of the committee (fees remain unchanged from previous year).
• that fees to Auditors shall be paid according to approved invoice.
• to re-elect Bo Elisson, Ulrika Hagdahl, Johan Wester, Karin Gunnarsson and Lars Eklöf as Board members.
• to elect Jonas Hård as new Boad member. Jonas Hård, born 1971, most recently held the position as Chief Digital Officer for Autoliv Group. Jonas holds an MBA from Henley Business School and General Management Program at Harvard Business School and has industrial experience from Electrolux and Nobia Group, among others.
• to re-elect Bo Elisson as Chairman of the Board.
• to appoint the registered public accounting firm Öhrlings PricewaterhouseCoopers AB, as the company´s auditor for the period until the close of the AGM 2023.
• to adopt the proposed instruction for the Nomination Committee, according to the proposal by the Nomination Committee.
• to authorize the Board of Directors to decide to increase the company’s share capital by a maximum of 2,860,137 ordinary shares on one or more occasions before the next AGM 2023.
• to implement a long-term share based incentive program for 2022 (LTI 2022/2025) that comprises not more than 25 employees within the Beijer Electronics Group. The resolution also included decisions on authorization for the Board of Directors to resolve decisions on a directed issue of series C shares, authorization for the Board of Directors to repurchase all issued series C shares and transfer of own ordinary shares to participants in LTI 2022/2025.
• to authorize for the Board of Directors to transfer own ordinary shares, maximum 16,850 ordinary shares, on Nasdaq Stockholm at a price within the share price interval registered at that time.
     

All resolutions were passed with the requisite majority.
 

The Board of Directors
Beijer Electronics Group AB
Malmö, Sweden, May 10, 2022
   
 

For more information please contact:

President and CEO, Jenny Sjödahl, tel +46 (0)16 42 80 00, mobile +46 (0)725 89 60 80
Executive VP and CFO Joakim Laurén, tel +46 (0)40 35 84 96, mobile +46 (0)703 35 84 96

Beijer Electronics Group AB is a growing powerhouse of innovators within mission-critical industrial digital technology and IIoT. With a strong focus on the connection between people, technology and data, we share a pride in having some of the world's leading global companies as our core customers. Since its start-up in 1981, BEIJER GROUP has evolved into a multinational group of complementary business entities with sales over 1.6 billion SEK in 2021.

The company is listed on the Nasdaq Stockholm Main Market's Mid Cap-list under the ticker BELE. www.beijergroup.com