Report from the Annual General Meeting of Quartiers Properties AB (publ), June 15, 2023

At the Annual General Meeting (“AGM”) of Quartiers Properties AB (publ) (the "Company"), held today on June 15, 2023, the following resolutions were passed with the required majority.

• The AGM adopted the income statement and balance sheet and the consolidated income statement and consolidated balance sheet for the financial year 2022.
• The AGM resolved that no dividend will be paid for the financial year 2022 and to allocate the Company's result in accordance with the Board's proposal in the annual report.
• The AGM resolved to discharge all members of the Board and the CEO from liability for the financial year 2022.
• The AGM resolved, in accordance with the Nomination Committee's proposal, that board fees for the period up until the end of the next AGM shall be paid in the amount of SEK 290,000 to the Chairman of the Board and SEK 150,000 to each of the other board members, as well as that the Board shall be entitled to decide to pay market-based and reasonable remuneration to a board members (personally or through a legal entity) for consultancy work performed that is not covered by customary board work. Furthermore, the AGM resolved, in accordance with the Nomination Committee's proposal, that fees for the auditor shall be paid on an ongoing basis according to approved invoices by the Company.
• The AGM resolved, in accordance with the Nomination Committee's proposal, on (i) re-election of the board members Jörgen Cederholm and Andreas Bonnier, (ii) election of Raouf Lotfi and Merja Rahkola as new board members and (iii) re-election of Jörgen Cederholm as Chairman of the Board for the period up until the end of the next AGM.
• The AGM resolved, in accordance with the Nomination Committee's proposal, to re-elect the registered accounting firm Öhrlings PricewaterhouseCoopers AB as the Company's auditor for the period up until the end of the next AGM, with authorized public accountant Henrik Boman as the principal auditor.
• The AGM resolved, in accordance with the Nomination Committee's proposal, to adopt guidelines for the establishment of the Nomination Committee and its work and that the Nomination Committee for the AGM 2024 shall consist of Andreas Bonnier (representing Egonomics AB) and Mats Lundberg (representing Fastighets Aktiebolag Bränneröd and Mats Invest AB) with Mats Lundberg as Chairman of the Nomination Committee.
• The AGM resolved, in accordance with the Board’s proposal, to authorize the Company's Board of Directors to, on one or several occasions and with or without deviation from the shareholders' preferential rights, resolve to increase the Company's share capital by issuing 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 exercised.

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 case of deviation from the shareholders' preferential rights, the issue shall be made on market terms, however with the possibility to provide a market-based issue discount. The authorization shall apply up until the next AGM of the Company.

For more detailed information on the content of the resolutions, please refer to the notice and the complete proposals for resolutions which are available on the Company's website, https://quartiersproperties.com/for-investerare.  

For additional information, please contact:

Marcus Johansson Prakt, CEO, Quartiers Properties AB (publ)

marcus.prakt@quartiersproperties.se

+ 46 72-018 5998

The Company in brief

Quartiers Properties is a Swedish property development company with a focus on excellent design and quality, and is active on the Spanish Costa del Sol. The company was founded in 2014 and has since built up a portfolio of investment properties and project properties. The company develops, sells, and rents out properties.

Quartiers Properties owns and manages Boho Club, which is a boutique resort in Marbella’s Golden Mile district with a restaurant and 30 hotel rooms. The project has won awards for its design and architecture, and since its launch in 2019, both the hotel and the restaurant have established themselves as leading venues in Marbella. Visit Boho Club’s website www.bohoclub.com to book a hotel room or reserve a table at the restaurant. The restaurant is open daily, serving breakfast, lunch, and dinner.

Quartiers Marbella Apartments is an apartment complex in Marbella’s neighbouring municipality of Benahavís, where Quartiers runs apartment rental operations. The apartments are perfectly suited as short-term and long-term accommodation and are popular among families, as well as groups visiting Marbella for leisure purposes, fitness holidays or to play golf. Visit our website www.quartiersmarbella.com to book your apartment.

Hacienda Collection is an apartment project in Benahavís just outside Marbella, where Quartiers Properties is selling apartments that are ready for immediate occupancy. The apartments are located in a gated community boasting views of the Mediterranean. These apartments feature a large, open floorplan with big windows, high-end kitchen, separate laundry room and 2–3 bedrooms. The spacious terraces offer plenty of scope for spending time with family and friends. Visit the website for further information and to book an online or in-person viewing:  www.haciendacollection.es.

Mangold is the company’s Certified Adviser. Mangold can be contacted on +46 (0)8 503 015 50 or by emailing ca@mangold.se.