Changes to the nomination committee’s proposal regarding board composition in Hembla
The nomination committee of Hembla AB (publ) has resolved to amend its proposal for the annual general meeting 2019. The nomination committee now proposed that the board of directors shall be increased by one additional board member, Patrick Forslund, and, thus, that the number of members of the board shall be seven instead of six. No other changes are made to the nomination committee’s proposal, as published on 12 April 2019 in the notice for the annual general meeting of Hembla.
Patrick Forslund is a member of the Swedish Bar Association, with a specialization within real estate and real estate transactions. Patrick has more than 15 years of experience from transactions and advisory in the real estate industry.
The nomination committee’s updated proposal and motivated opinion, as well as more information about the proposed new board member, is available on the company’s webpage, www.hemblagroup.com.
For further information, please contact:
Johannes Wingborg, Chairman of the nomination committee
Phone: +46 739 640 703
The information was submitted for publication at 5.30 PM CEST on 2 May 2019.
Hembla is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the company's renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 32,115 million on 31 March 2019. The total rental value amounted to SEK 1,923 million annually on 31 March 2019. The economic occupancy rate is high – vacancies are virtually non-existent. Hembla is listed on Nasdaq Stockholm.