2019 ANNUAL GENERAL MEETING OF BURE EQUITY AB (PUBL)
The Annual General Meeting (AGM) of Bure Equity AB (publ) on 7 May 2019 dealt with the following items of business, among others:
Election of Board members
The AGM decided that the number of Board members shall be 6 (6). As Bure’s Board of Directors, the AGM re-elected sitting Board members Carl Björkman, Bengt Engström, Charlotta Falvin, Sarah McPhee and Patrik Tigerschiöld. Carsten Browall was elected as a new Board member. Mathias Uhlén had declined re-election. Patrik Tigerschiöld was re-elected as Board Chairman.
Election of auditor
The AGM elected the auditing firm of Öhrlings PricewaterhouseCoopers AB as the company’s auditor to serve for the period until the 2020 AGM. Magnus Svensson Henryson was appointed Auditor in Charge.
Resolution regarding dividends
The AGM resolved to approve a cash dividend of SEK 2.00 as ordinary dividend. The record date was set for 9 May 2019, which means that the dividends are expected to be disbursed on 14 May 2019.
Principles for remuneration and other terms of employment for senior executives
The AGM approved the Board’s proposed principles for remuneration and other terms of employment for senior executives.
Resolution regarding reduction of the share capital and a bonus issue
The AGM resolved to cancel the treasury shares that have been repurchased during the year. This will entail a reduction in the company’s share capital by SEK 2,786,693.55 through the cancellation of 360,789 shares without repayment for transference to non-restricted reserves.
As a consequence of the cancellation, the AGM resolved to increase the company’s share capital by way of a bonus issue in an amount equal to the reduction, SEK 2,786,693.55, through a transfer from the company’s non-restricted equity. The bonus issue will be carried out without the issuance of new shares.
Resolution regarding the repurchase of shares
The AGM authorized the Board of Directors, until the date of the 2020 AGM, to repurchase shares in order to adapt the company’s capital structure to the company’s capital requirements from time to time and thereby contribute to greater shareholder value. Following the repurchase, the company may hold no more than 10 per cent of all shares in the company.
Shares may be acquired through trading on Nasdaq Stockholm (“the stock exchange”), or in accordance with a tender offer to all of the company’s shareholders. Shares may be acquired during the period from 7 May 2019 until the next AGM. However, no shares will be acquired during a period of 30 days prior to the publication of a quarterly report, including the date of publication. Acquisitions on the stock exchange may take place only at a price per share that falls within the registered price interval at any given time. Payment for the shares shall be made in cash. Shares may be acquired on one or several occasions.
Bure Equity AB currently holds no treasury shares. The total number of shares in issue by Bure Equity AB currently amounts to 68,971,921. The maximum number of shares that can be repurchased is thus 6,897,192.
Exercise of repurchase authorization
At the statutory meeting following the AGM, the Board decided to exercise this authorization.
Resolution regarding the sale of shares in the subsidiary Mercuri International Group AB to individuals in the so-called “Leo circle”
The AGM resolved to approve the sale of up to 9 per cent of the shares in Mercuri International Group AB, to senior Mercuri executives. The purchase price for the shares shall amount to at least the book value of the shares in the parent company.
Stockholm, 7 May 2019
Bure Equity AB (publ)
For more information contact:
Henrik Blomquist, CEO
Tel. +46 8 – 614 00 20
The information was publicly communicated on 7 May 2019, 19:30 CET.