Annual General Meeting of JM AB

The Annual General Meeting (AGM) of shareholders of JM AB met on April 18, 2024, and adopted all of the proposals of the Board of Directors and the Nomination Committee.

The AGM approved the Income Statement, the Balance Sheet, the Consolidated Income Statement and the Consolidated Balance Sheet. The AGM resolved to pay a dividend of SEK 3 per share. The record date for payment has been set on Monday, April 22, 2024. Euroclear Sweden AB is expected to send the dividend on Thursday, April 25, 2024. The AGM resolved to discharge the Board members and the CEO from liability.

Board Members and remuneration
The Annual General Meeting resolved that the Board will have seven Members. The AGM resolved to re-elect Fredrik Persson as Chair of the Board of Directors and Members Kerstin Gillsbro, Stefan Björkman, Jenny Larsson, Olav Line, and Thomas Thuresson, and to elect new Member Liia Nõu.

Remuneration to the Chair for work on the Board will be raised to SEK 1,000,000, and remuneration to Members will be raised to SEK 395,000.

Fees for work on committees will be raised as follows:

Chair of the Audit Committee: SEK 185,000. 
Members of the Audit Committee: SEK 110,000. 
Chair of the Compensation Committee: SEK 70,000.
Members of the Compensation Committee: SEK 70,000.
Chair of the Investment Committee: SEK 110,000. 
Members of the Investment Committee: SEK 85,000.

The total proposed fee for the seven paid Members amounts to SEK 4,265,000, including remuneration for committee work.

Election of auditors
The AGM resolved to re-elect PricewaterhouseCoopers AB as auditing company. In accordance with Swedish law, the term of service extends until the end of the 2025 Annual General Meeting.

Remuneration – report and guidelines
The AGM resolved to approve the remuneration report presented by the Board. 

The AGM approved the proposed guidelines for remuneration to senior executives.

For additional information, please contact:
Johan Skoglund, President and CEO, +46 (0)8 782 87 00
Maria Bäckman, General Counsel, +46 (0)8 782 87 00

JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 14 billion and the company has about 2,200 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.