Resolution by Fabege’s Annual General Meeting on 24 March 2010
At the Annual General Meeting (AGM) of Fabege AB on 24 March 2010 the shareholders approved the Board’s proposal for 2009, a dividend of SEK 2.00 per share. The record date for payment of the dividend was set at 29 March 2010. It is expected that the dividend will be paid through Euroclear Sweden AB (former VPC AB) on 1 April 2010.
The AGM approved the Board’s proposal for principles of remuneration and other terms of employment for Group Management.
The AGM decided to re-elect the Göte Dahlin, Christian Hermelin, Märtha Josefsson, Mats Qviberg, Erik Paulsson and Svante Paulsson. Oscar Engelbert and Pär Nuder were elected as new Directors of the Board. Erik Paulsson was re-elected as Chairman of the Board.
The AGM also decided to approve the payment of Directors’ fees, the same amounts as last year, totalling SEK 2,445,000, to be distributed as follows: SEK 375,000 to the Chairman of the Board, SEK 185,000 to each non-executive Director, SEK 835,000 to Erik Paulsson as a separate fee for assisting Group Management in two projects and SEK 125,000 for work in the Audit Committee. It was decided that auditors’ fees should be paid in accordance with the approved invoice(s). The AGM decided that the principles for the appointment of a Nominating Committee for the 2011 AGM remain unchanged, i.e. that a Nominating Committee be appointed no later than six months before the 2011 AGM and consist of representatives for the four largest shareholders.
The shareholders decided to authorise the Board, up to the time of the next AGM, to acquire and transfer the company’s own shares. Share buybacks are subject to a limit of no more than 10 per cent of the total number of outstanding shares at any time.
The AGM voted to approve the withdrawal of 3,929,400 shares and a subsequent bonus issue aimed at restoring the share capital.
Fabege AB (publ)
For further information, please contact:
Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25
Åsa Bergström, Executive Vice President and CFO, phone +46 (0)8-555 148 29, +46 (0)706-66 13 80
Annette Kaunitz, Head of Corporate Communications, phone +46 (0)8-555 148 20, +46 (0)708-390 337
This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 05:45 pm CET on 24 March 2010.
Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The book value of the company’s property portfolio is approximately SEK 29.2bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.4bn and a lettable area of 1.4m m2. Fabege’s shares are listed on the Nasdaq OMX Stockholm, Large Cap segment.
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