ANNUAL GENERAL MEETING IN BONG AB (publ)
The Annual General Meeting in Bong AB (publ) held today adopted the following resolutions.
Board of Directors and Auditors
Re-election of Christian Paulsson, Eric Joan, Mikael Ekdahl, Stéphane Hamelin, Helena Persson and Stefan Lager and new election of Per Åhlgren as ordinary board members.
Christian Paulsson was elected as Chairman of the Board.
Directors’ fees were set at an amount of SEK 300,000 to the Chairman and SEK 150,000 to each of the other board members not employed with the company. Fees for committee work will be paid to the Chairman of the Audit Committee with SEK 100,000 and SEK 50,000 to each member.
Election of the accounting firm PricewaterhouseCoopers AB for a one year period of mandate, consequently up to and including the AGM 2021, whereby the accounting firm has informed that authorised public accountant Lars Nilsson will be the auditor in charge. Fees to the auditors will be paid as per agreement.
Disposition of result
The Meeting adopted the proposal of the Board of Directors that no dividend is to be distributed for the financial year 2019 and that the results of the company of SEK 182,007,709.59 in total, including this year’s result of SEK -126,166,217.04 should be carried forward.
Re-election of Stéphane Hamelin (Holdham S.A.), Christian Paulsson (Paulsson Advisory AB) and Ulf Hedlundh (Svolder Aktiebolag) as members of the Nomination Committe for the AGM 2021. Stéphane Hamelin was elected Chairman of the Nomination Committee.
Remuneration and Audit Committee
At the subsequent statutory board meeting Christian Paulsson, Mikael Ekdahl and Stéphane Hamelin, were elected as members of the Remuneration Committee for the period up to the next statutory board meeting. Further, Mikael Ekdahl and Christian Paulsson were elected as members of the Audit Committee for the same period.
Guidelines for remuneration to senior executives
The Meeting adopted guidelines for remuneration to senior executives in accordance with the proposal of the Board of Directors.
Authorisation for the Board of Directors to resolve on issues of shares, warrants and/or convertibles
The Meeting resolved to authorise the Board of Directors to, on one or several occasions during the period up until the next AGM, with or without deviation from the shareholders’ preferential right, resolve on issues of shares, warrants and/or convertibles. The authorisation also includes the right to resolve on issues of shares, warrants and/or convertibles with terms concerning issues in kind, offset rights or other terms stated in the Swedish Companies Act. The total number of shares that may be issued by virtue of the authorisation shall be within the limits of the share capital as stated in the Articles of Association. The purpose of the authorisation is to strengthen the company’s capital base and equity ratio or to ensure financing of acquisitions of companies or businesses. Issues by virtue of the authorisation shall be made on market conditions.
Amendment of the Articles of Association
The Meeting resolved on amendment of the Articles of Association due to previous and expected changes in legislation in accordance with the proposal of the Board of Directors.
Malmö, 25 June 2020
Bong AB (publ)
The Board of Directors
The information was submitted for publication at 16.30 CET on 25 June 2020. For further information, contact Kai Steigleder, CEO, Bong AB. Telephone (switchboard) +46 44 20 70 00.
Bong is one of the leading providers of envelope products in Europe that also offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are packaging within retail and e-commerce and the envelope market within Eastern Europe. The Group has annual sales of approximately SEK 2.2 billion and about 1,300 employees in 14 countries.
Bong has strong market positions in most of the important markets in Europe and the Group sees interesting possibilities for continued development. Bong is a public limited company and its shares are listed on Nasdaq Stockholm (Small Cap).