Communication from Collector´s Annual General Meeting of 25 April 2017
Gothenburg, Sweden – Collector AB (publ) (Nasdaq Stockholm: COLL). Collector’s Annual General Meeting was held on 25 April 2017 at the West Sweden Chamber of Commerce 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 2016 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 and Azita Shariaty. Vilhelm Schottenius had declined re-election. Patrik Reuterskiöld and Anna Settman were elected as new Board members. Lena Apler was elected Chairman of the Board, albeit with Erik Selin serving as Chairman of the Board until a new CEO can be appointed, replacing Lena Apler in her role as Acting CEO. For a more detailed presentation of the Board members, please refer to www.collector.se.
The Meeting elected PricewaterhouseCoopers 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 Nomination Committee and 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 total number of shares to be issued may amount to a maximum of 10,269,051 ordinary shares.
Resolution regarding issue of personnel convertibles
The Meeting resolved to establish a convertible programme for the Group’s employees in Sweden, Finland and Norway. The convertible programme entails Collector issuing a convertible debenture with a nominal value not exceeding SEK 100 million by issuing convertibles. It shall be possible to exchange the convertible debentures for ordinary shares in Collector. For the full resolution of the Annual General Meeting and the complete terms of the convertible programme, please refer to https://www.collector.se/om-collector/bolagsstyrning/arsstamma/
For further information, please contact:
Lena Apler, Founder & Acting CEO Collector I Phone +46 70-525 65 80 I Email lena.apler@collectorbank.se
Åsa Hillsten, CCO & IR Collector I Phone +46 70 081 81 17 I Email asa.hillsten@collectorbank.se
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