Bulletin from the annual general meeting of Quartiers Properties AB (publ), June 11, 2024
At the annual general meeting (the “AGM”) of Quartiers Properties AB (publ) (the "Company"), held today on June 11, 2024, the following resolutions were passed with the required majority.
Adoption of the income statement and balance sheet
The AGM adopted the income statement and balance sheet as well as the consolidated income statement and balance sheet for the fiscal year of 2023.
Dividend on preference shares
The AGM resolved, in accordance with the board's proposal, on a dividend, in accordance with the Company's articles of association, of SEK 0.96 per preference share (which means a total dividend of SEK 6,499,073.28 on the preference shares) to be paid out quarterly with SEK 0.24 per preference share. The record dates for the dividend on preference shares shall be June 30, 2024, September 30, 2024, December 30, 2024, and March 31, 2025, or the nearest preceding banking day, in accordance with the Company's articles of association.
Discharge of liability for board members and the CEO
The AGM resolved to grant discharge of liability to all board members and the CEO for the fiscal year 2023.
Board and auditor fees
The AGM resolved, in accordance with the nomination committee's proposal, that board remuneration for the period until the end of the next annual general meeting shall be SEK 290,000 for the chairman of the board and SEK 150,000 each for the other board members, and that the board shall have the right to decide on the payment of market-based and reasonable compensation to a board member (personally or through a company) for consultancy work not covered by ordinary board work. However, a board member who receives compensation from the Company due to employment shall not receive remuneration.
The AGM resolved, in accordance with the nomination committee's proposal, that auditor's fees shall be paid continuously according to approved invoicing.
Election of the board and auditor
The AGM resolved, in accordance with the nomination committee's proposal, to re-elect Jörgen Cederholm, Andreas Bonnier, Raouf Lotfi, and Merja Rahkola as board members for the period until the end of the next annual general meeting as well as to re-elect Jörgen Cederholm as the chairman of the board.
The AGM resolved, in accordance with the nomination committee's proposal, to re-elect the registered auditing firm Öhrlings PricewaterhouseCoopers AB as the Company's auditor with the authorized auditor Henrik Boman as the principal auditor for the period until the end of the next annual general meeting.
Nomination committee
The AGM resolved, in accordance with the nomination committee's proposal, to adopt a instruction for appointing the nomination committee for the annual general meeting 2025 and to apply until further notice, meaning that the nomination committee shall consist of four (4) members of which three (3) members shall be appointed by the three (3) largest shareholders as of August 31, 2024, according to the share register kept by Euroclear Sweden AB, as well as the chairman of the board.
Amendment of the articles of association
The AGM resolved, in accordance with the board's proposal, to amend the Company's articles of association by introducing a new paragraph that allows for the Company to hold digital general meetings in accordance with Chapter 7, Section 15 of the Swedish Companies Act (2005:551), and to introduce a new paragraph stating that the board may collect proxies according to the procedure stated in Chapter 7, Section 4, second paragraph of the Swedish Companies Act (2005:551) and that the board may decide that shareholders shall be able to exercise their voting rights by post before the general meeting.
Authorization for the board to resolve on the issue of new shares, convertibles, and/or warrants
The AGM resolved, in accordance with the board’s proposal, to authorize the Company's board to, on one or several occasions and with or without deviation from the shareholders' preferential rights, resolve on an increase of the Company's share capital through the issue of new shares, convertibles and/or warrants. Payment may be made in cash, in kind, by set-off or otherwise with conditions. Resolutions on issues under the authorization may result in an increase of the Company's share capital by a maximum of fifteen (15) percent, calculated on the basis of the size of the share capital the first time the authorization is utilized. The purpose of the authorization and the reasons for any deviation from the shareholders' preferential rights is to enable issues to be made to meet the Company's capital requirements and to secure the Company's continued operations and development. In the event of deviation from the shareholders' preferential rights, the issue shall be made on market terms, however with the possibility of a market-based issue discount. The authorization is valid until the next annual general meeting of the Company.
For more detailed information about the content of the resolutions, please refer to the notice of the AGM which is available on the Company's website, https://quartiersproperties.com/for-investerare.
For further information, please contact:
Andreas Bonnier, CEO, Quartiers Properties AB (publ)
E-mail: andreas.bonnier@quartiersproperties.se
Telephone: + 46 73 336 65 77
The Company in brief
Quartiers Properties is a top-tier property development company in terms of design and quality, operating on the Spanish Costa del Sol. The company was founded in 2014.
Quartiers Properties owns and operates Boho Club, which is a boutique resort in Marbella’s Golden Mile district with a restaurant and 40 hotel rooms. The project has won awards for its design and architecture, and both the hotel and restaurant have established themselves as leading players in Marbella since their launch in 2019. Visit Boho Club's website www.bohoclub.com to book a hotel or a table in the restaurant. The restaurant is open every day and serves breakfast, lunch, and dinner.
Mangold is the company’s Certified Adviser. Mangold can be reached at telephone number +46 (0)8 503 015 50 or by email at ca@mangold.se.