Bulletin from Hemnet Group AB (publ)'s annual general meeting 2024
The annual general meeting of Hemnet Group AB (publ), held today Thursday 25 April 2024 in Stockholm, resolved in all parts in accordance with the board of directors' and the nomination committee's proposals to the annual general meeting.
Adoption of balance sheets and income statements
The annual general meeting approved the balance sheets and income statements of the parent company and the group for the financial year 2023.
Dividend
The annual general meeting resolved on a dividend to the shareholders of SEK 1.20 per share for the financial year 2023. The annual general meeting resolved that the record date for the dividend will be Monday 29 April 2024. The dividend is expected to be paid through Euroclear Sweden AB on Friday 3 May 2024.
Remuneration report
The annual general meeting approved the remuneration report presented by the board of directors.
Board of directors
The board members and the CEO were discharged from liability for the financial year 2023.
The annual general meeting resolved that the number of board members shall be seven and re-elected the board members Anders Nilsson, Anders Edmark, Håkan Hellström, Tracey Fellows, Nick McKittrick and Maria Redin. Rasmus Järborg was elected as a new board member.
Anders Nilsson was re-elected as the chair of the board of directors.
The board member Pierre Siri had informed the nomination committee that he did not wish to be re-elected.
Fees to the board of directors
The annual general meeting resolved that fees to each board member shall amount to SEK 375,000 annually and that fees to the chair of the board shall amount to SEK 910,000 annually. Furthermore, the annual general meeting resolved that fees to each member of the audit committee shall amount to SEK 85,000 annually and fees to the chair of the audit committee shall amount to SEK 160,000 annually. Fees to each member as well as to the chair of the remuneration committee shall amount to SEK 85,000 annually.
Auditor
The annual general meeting resolved to re-elect the registered auditing firm Ernst and Young Aktiebolag as the company's auditor for the period until the end of the annual general meeting 2025.
Resolution on approval of updated instructions for the nomination committee
The annual general meeting resolved to approve the updated instructions for the nomination committee.
Authority for the board of directors to issue new shares
The annual general meeting resolved to grant the board of directors the authority, on one or more occasions, for the period until the next annual general meeting, to resolve on issues of new shares, either applying or disapplying shareholders' pre-emption rights. The number of shares issued by virtue of the authority may not exceed an increase of ten (10) percent of the share capital based on the total share capital of the company on the date of the annual general meeting 2024.
Resolution on a reduction of the share capital through cancellation of treasury shares and an increase of the share capital through a bonus issue
The annual general meeting resolved to reduce the company's share capital by an amount of SEK 1,663,090.371164 by way of cancellation of the 2,112,069 shares held by the company that as of 18 March 2024 had been repurchased by the company under the company's share buy-back program. The reduction amount will be allocated to unrestricted equity.
With the purpose of restoring the share capital following the reduction of the share capital, the annual general meeting simultaneously resolved to increase the share capital by way of a bonus issue with an amount of SEK 1,663,090.371164. The bonus issue shall be carried out without the issuance of new shares, through the amount being transferred from unrestricted equity.
Implementation of a long-term performance share program and the transfer of ordinary shares to participants under the performance share program
The annual general meeting resolved on the implementation of a long-term performance share program (the "Performance Share Program 2024/2027") for key employees in Hemnet Group AB (publ). The annual general meeting resolved, in relation to the Performance Share Program 2024/2027, to transfer a maximum of 42,000 ordinary shares in Hemnet Group AB (publ) to participants in the Performance Share Program 2024/2027.
Authority for the board of directors to repurchase the company’s own shares
The annual general meeting resolved to grant the board of directors the authority to, on as many occasions as it deems appropriate and during a period up until the annual general meeting 2025, purchase shares in Hemnet Group AB (publ), only to the extent that Hemnet Group AB (publ)'s holding at no time exceeds ten percent of the total amount of shares in Hemnet Group AB (publ). Purchases shall be made on Nasdaq Stockholm at a price per share within the prevailing price interval. The purpose of the authorization is to give the board a possibility to adjust the capital structure of Hemnet.
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Complete proposals regarding the annual general meeting's resolutions in accordance with the above are available at Hemnet Group AB (publ)'s website, www.hemnetgroup.com.
The board of directors
Hemnet Group AB (publ)
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For more information, please contact:
Press enquiries
Staffan Tell, Head of PR
M: +46 733 67 66 85
E: staffan.tell@hemnet.se
IR enquiries
Anders Örnulf, CFO
M: +46 72 732 10 12
E: anders.ornulf@hemnet.se
Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
E: nick.lundvall@hemnet.se
About Hemnet
Hemnet operates the leading property platform in Sweden. The company emerged as an industry initiative in 1998 and has since transformed into a "win-win" value proposition for the housing market. By offering a unique combination of relevant products, insights and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents for more than 20 years. Hemnet shares a mutual passion for homes with its stakeholders and is driven by being an independent go-to-place for people to turn to for the various housing needs that arise through life. This is mirrored in the Company’s vision to be the key to your property journey, supplying products and services to improve efficiency, transparency and mobility on the housing market. Hemnet is listed on Nasdaq Stockholm (‘HEM’).
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