Byggmax Group AB (publ) 2014 Annual General Meeting
The Annual General Meeting of Byggmax Group AB took place on Thursday, May 8, 2014 in Stockholm, Sweden. On all the motions proposed, the meeting resolved in line with the Board’s and Nomination Committee’s proposals. The main contents of key resolutions passed at the meeting are detailed below.
Resolution on dividend
The Annual General Meeting (AGM) resolved to pay a dividend of SEK 2.30 per share for the 2013 fiscal year. The record date for distribution is Tuesday, May 13, 2014. Payment of the dividend is expected to be effected by Euroclear Sweden AB on Friday, May 16, 2014.
Resolution regarding adoption of the income statement and balance sheet
The AGM resolved to adopt the income statement and balance sheet for the Parent Company as well as the consolidated income statement and consolidated balance sheet for 2013. The Board of Directors and President were discharged from liability for the 2013 fiscal year.
Election of Board of Directors, Chairman of the Board and auditors
The AGM resolved in accordance with the proposal of the Nomination Committee for reelection of Board members Fredrik Cappelen, Stefan Linder, Anders Moberg, Stig Notlöv and Lottie Svedenstedt. Karin Hygrell Jonsson was elected to the Board as a new member. Fredrik Cappelen was reelected as Chairman of the Board.
The AGM resolved in accordance with the proposal of the Nomination Committee to appoint the registered accounting firm Öhrlings PricewaterhouseCoopers AB as the company’s auditors until the end of the 2015 AGM.
Resolution pertaining to directors’ and auditors’ fees
The AGM resolved in line with Nomination Committee’s proposal that directors’ fees totaling SEK 1,500,000 are to be allocated as follows: a fee of SEK 500,000 to the Chairman of the Board and a fee of SEK 250,000 each to Anders Moberg, Stig Notlöv, Lottie Svedenstedt and Karin Hygrell Jonsson.
Fees to auditors are payable against approved invoices.
Resolution on principles for appointing the Nomination Committee
The AGM resolved to adopt the principles for appointing the Nomination Committee, which in effect mean that the company’s three major shareholders at August 31 are each entitled to appoint one member of the Committee. The principles remain unchanged in relation to the principles that were adopted at the 2013 AGM.
Resolution on guidelines for the remuneration and other terms of employment for senior executives
The AGM resolved on guidelines for the remuneration and other terms of employment for senior executives, which essentially means that salaries and other terms of employment for senior executives must be competitive and compatible with market rates.
Byggmax Group AB (publ)
Stockholm, May 8, 2014
For more information please contact:
Pernilla Walfridsson, CFO Byggmax, mobile: +46 761 19 00 40, e-mail: pernilla.walfridsson@byggmax.se
Magnus Agervald, CEO Byggmax, mobile: +46 761 19 00 20, e-mail: magnus.agervald@byggmax.se
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