Report from Annual General Meeting of SSM Holding AB (publ)
The shareholders of SSM Holding AB (publ) gathered in Stockholm, Sweden, on Wednesday May 15, 2019 for the Annual General Meeting.
SSM’s Meeting approved the income statements and the balance sheets for the Company and the group and granted discharge from liability for the members of SSM’s board of directors and CEO for the 2018 financial year.
The Meeting resolved to allocate the result in accordance with the proposal of the board of directors in the annual report.
In accordance with the proposal by the nomination committee (i) Anders Janson, Bo Andersson, Per Berggren, Sheila Florell, Ulf Morelius, Ulf Sjöstrand and Jonas Wikström were re-elected as members of the board of directors, and (ii) Anders Janson was re-elected as Chairman of the board.
In accordance with the proposal by the nomination committee, the Meeting resolved that fees of SEK 350,000 are to be paid to the Chairman of the board of directors and SEK 175,000 are to be paid to each of the other directors. In addition, it was resolved that fees of SEK 75,000 are to be paid to the Chairman of the audit committee and SEK 50,000 are to be paid to each of the other members. Furthermore, it was resolved that fees of SEK 30,000 are to be paid to the Chairman of the remuneration committee and SEK 10,000 are to be paid to each of the other members. No fees are to be paid for work in the investment committee.
In accordance with the proposal by the nomination committee, the registered accounting firm Öhrlings PricewaterhouseCoopers AB was re-elected as the accounting firm of the Company. Öhrlings PricewaterhouseCoopers AB has announced that it will appoint Authorised Public Accountant Magnus Thorling as auditor in chief. The auditor’s fee shall be paid upon approval of their invoice.
In accordance with the proposal by the nomination committee, the Meeting resolved on principles for appointment of the nomination committee and instruction for the nomination committee. Furthermore, the Meeting resolved on guidelines for remuneration to the senior management in accordance with the proposal by the board of directors.
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About SSM Holding AB (publ)
SSM produces functionally smart and affordable homes with attractive common areas, close to public transport and the city center for the company’s target group – the urbanites of tomorrow. The company envisions a housing market that is accessible to as many people as possible and aspires to produce 50 percent cooperative apartments and 50 percent rental units. SSM is the leading property developer in its niche within the Greater Stockholm area and at end of March 2019, the company has approximately 6,200 building permits in its portfolio. SSM has been listed on Nasdaq Stockholm (Small-Cap) since April 6, 2017. www.ssmlivinggroup.com