Annual General Meeting of Fastighets AB Balder (publ)
The Annual General Meeting of Fastighets AB Balder (publ), was held on 7 May 2013 in Gothenburg.
The meeting was opened by the Chairman of the Board,Christina Rogestam, who was also elected as Chairman of the AGM.
Erik Selin, CEO, reported on the company´s operations during 2012.
The AGM adopted the income statement and the balance sheet and the consolidated income statement and the consolidated balance sheet for 2012 and resolved to discharge the Board members and the CEO from liability. The AGM further resolved that of the accumulated profit of SEK 4,569,537,617, a dividend should be declared in the amount of SEK 120,000,000 to the present holders of preference shares and an additional dividend of a maximum amount of SEK 100,000,000 if new preference shares are issued during the period until the next AGM, all subject to the following conditions. Dividend shall be distributed quarterly of SEK 5 per preference share, however, not more than SEK 20, during the period until the next annual general meeting. The AGM also resolved that no dividend would be distributed to the ordinary shareholders.
The AGM resolved that unchanged directors' fees should be paid of SEK 460,000 in total, to be distributed as follows: SEK 160,000 to the Chairman of the Board and SEK 100,000 to each of the other Board members who are not employed by the company.
The AGM resolved to re-elect the Board members Christina Rogestam, Erik Selin, Fredrik Svensson, Sten Dunér and Anders Wennergren. Christina Rogestam was re-elected as the Chairman of the Board.
The registered public accounting firm Öhrlings Price WaterhouseCoopers, was re-elected as the company's auditor until the end of the AGM 2017 with the authorised public accountant Bengt Kron as auditor in charge.
The AGM determined that one representative for each one of the two largest shareholders or ownership spheres together with Lars Rasin, representing all other shareholders, shall be appointed as members of the nomination committee. The composition of the nomination committee shall be announced not later than six months prior to the AGM 2014.
The AGM approved the Board's proposed guidelines for remuneration to senior executives.
The AGM authorised the Board during the period until the next annual general meeting, on one or more occasions, to resolve on an issue of a maximum of 5,000,000 new preference shares and/or new Class B shares equivalent to a maximum of 10 (ten) per cent of the existing share capital.
The AGM also authorised the Board during the period until the next annual general meeting, on one or more occasions, to resolve on acquisition and assignment of the company's own Class B shares. However, the company´s holdings of own shares may not exceed ten (10) per cent of the total number of shares in the company.
For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
CFO Magnus Björndahl, +46 735 58 29 29
Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 8 May 2013 at 08.30.
Fastighets AB Balder (publ)
PO Box 53121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg
www.balder.se
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 22.5 billion as of 31 March 2013. The Balder share is listed on NASDAQ OMX Stockholm, Mid Cap segment.