Communication from Collector’s Annual General Meeting of 24 April 2018
Gothenburg, Sweden – Collector AB (publ) (Nasdaq Stockholm: COLL). Collector’s Annual General Meeting was held on April 24, 2018 in Gothenburg. Summarized below are the most important decisions from the Meeting. Adoption of balance sheet and income statement
The Meeting adopted the balance sheet and income statement for the Parent Company and the Group for the 2017 financial year.
Board of Directors and auditors
In accordance with the Nomination Committee’s proposal, the Meeting resolved to re-elect Board members Lena Apler, Erik Selin, Christoffer Lundström, Cecilia Lager, Patrik Reuterskiöld and Anna Settman. Azita Shariaty had declined re-election. Lena Apler was elected Chairman of the Board. For a more detailed presentation of the Board members, please refer to www.collector.se.
The Meeting elected Ernst & Young AB as auditor for the period up until the next Annual General Meeting.
In addition, the Annual General Meeting resolved to pay a fixed board fee of SEK 600,000 to the Chairman of the Board and SEK 300,000 to each of other members, and for members of the Risk and Audit Committee and the Credit Committee to receive an additional fee of SEK 100,000 per committee in addition to their Board fees. The Annual General Meeting also resolved that fees to the auditor should be paid in accordance with an approved invoice.
Remuneration principles for senior executives
In accordance with the proposal by the Board of Directors, the Meeting resolved that remuneration to senior executives should consist of fixed salary, pension and other benefits. To avoid encouraging senior executives to take unsound risks, no form of variable compensation shall be payable.
Authorization for the Board to decide to issue new shares
The Annual General Meeting resolved to authorize the Board, at most until the next Annual General Meeting, to issue new ordinary shares on one or more occasions, with or without deviation from shareholders’ preferential rights and against payment in cash, in kind or by set-off. The number of shares that may be issued may not exceed 10,269,051 ordinary shares, corresponding to a dilution effect of approximately 10.0 percent of the share capital and votes, based on the current number of shares in the Company.
For further information:
Clara Bolinder-Lundberg, IR Manager I Phone +46 70 719 84 43 I Email clara.bolinderlundberg@collectorbank.se
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