Report from the Annual General Meeting of Quartiers Properties AB (publ), 29 April 2022

Quartiers Properties AB (publ) held its Annual General Meeting for the 2021 financial year on Friday, 29 April 2022.  On account of measures in place to combat the COVID-19 pandemic, the AGM was held in the form of postal voting, with no physical participation.

Adoption of balance sheet and income statement, and appropriation of profit

The AGM adopted the balance sheet and income statement included in the 2021 Annual Report, and resolved that the profit of SEK 275,629,358 at the disposal of the Parent Company be carried forward, in accordance with the Board’s proposal.

The Board of Directors and Auditor

The AGM discharged the Board members and Chief Executive Officer from liability for the financial year 2021.

The AGM decided that, for the period until the end of the next AGM, the Board of Directors shall consist of four ordinary Board members, with no deputies. The AGM re-elected Jörgen Cederholm, Sten Andersen, Jimmie Hall and Andreas Bonnier as Board members for the period up until the end of the next AGM. Jörgen Cederholm was re-elected Chairman of the Board. In addition, the AGM re-elected registered auditing firm Öhrlings PricewaterhouseCoopers AB as auditor for the period up until the end of the next AGM. Henrik Boman, Authorised Public Accountant, will be the principal auditor.

The AGM resolved that unaltered Board fees of SEK 290,000 shall be paid to the Chairman of the Board and SEK 150,000 to each of the other Board members elected by the AGM. In addition, the Board shall be entitled to make decisions on paying Board members (personally or via companies) market-based, reasonable compensation for consulting work carried out that is not part of the usual Board-related work. The AGM resolved that fees for the auditor would be paid on an ongoing basis according to invoices approved by the company.

Nomination Committee

The AGM re-elected Andreas Bonnier (representing Egonomics AB) and Mats Lundberg (representing Fastighets Aktiebolag Bränneröd and Mats Invest AB). Mats Lundberg was re-elected chairman of the Nomination Committee. The AGM likewise decided on guidelines for the Nomination Committee.

Authorisation

The AGM resolved to authorise the Board of Directors, up until the next AGM and within the scope of the Articles of Association, on one or more occasions, with or without deviation from shareholders’ preferential rights, to decide on the issue of ordinary shares, warrants and/or convertible shares. The issue may be made against payment in cash, payment in kind and/or by offsetting, or otherwise subject to conditions. Decisions regarding the issue of shares, based on such authorisation, may generate an increase of no more than 15% in the Company’s share capital, based on the size of the share capital when such authorisation is first used. For private cash issues the subscription price must be set on a market basis.

For more detailed information about the content of the decisions, please refer to the notice to attend the AGM and the complete proposals. The notice to attend the AGM and complete proposals relating to decisions can be found on the company’s website, www.quartiersproperties.com/for-investerare.

For additional information, please contact:

Quartiers Properties

Marcus Johansson Prakt, CEO
Email: marcus.prakt@quartiersproperties.se
Phone: +46 72 018 5998
Website: www.quartiersproperties.com

The company in brief
Quartiers Properties is a Swedish property development company with a focus on excellent design and quality, and is active on the Spanish Costa del Sol. The company was founded in 2014 and has since built up a portfolio of investment properties and project properties. The company develops, sells and rents out properties.

Quartiers Properties owns and manages Boho Club, which is a boutique resort in Marbella’s Golden Mile district with a restaurant and 30 hotel rooms. The project has won awards for its design and architecture, and since its launch in 2019, both the hotel and the restaurant have established themselves as leading venues in Marbella. Visit Boho Club’s website www.bohoclub.com to book a hotel room or reserve a table at the restaurant. The restaurant is open daily, serving breakfast, lunch and dinner.

Quartiers Marbella Apartments is an apartment complex in Marbella’s neighbouring municipality of Benahavís, where Quartiers runs apartment rental operations. The apartments are perfectly suited as short-term and long-term accommodation and are popular among families, as well as groups visiting Marbella for leisure purposes, fitness holidays or to play golf. Visit our website www.quartiersmarbella.com to book your apartment.

Hacienda Collection is an apartment project in Benahavís just outside Marbella, where Quartiers Properties is selling apartments that are ready for immediate occupancy. The apartments are located in a gated community boasting views of the Mediterranean. These apartments feature a large, open floorplan with big windows, high-end kitchen, separate laundry room and 2–3 bedrooms. The spacious terraces offer plenty of scope for spending time with family and friends. Visit the website for further information and to book an online or in-person viewing:  www.haciendacollection.es.

Mangold is the company’s Certified Adviser. Mangold can be contacted on +46 (0)8 503 015 50 or by emailing ca@mangold.se.