Annual General Meeting of Victoria Park 2019
Victoria Park AB (publ) held its Annual General Meeting (“AGM”) on 23 April in Malmö.
The AGM resolved that no dividend is to be paid for ordinary shares for the financial year 2018 and that a dividend of SEK 20 is to be paid per preference share, in total SEK 20,640,940.
The dividend for preferred shares will be divided into four disbursements of SEK 5 each. The record date for the dividends will be 28 June 2019, 30 September 2019, 30 December 2019 and 31 March 2020 and dividends are estimated to be sent by Euroclear Sweden AB on 3 July 2019, 3 October 2019, 7 January 2020 and 3 April 2020.
Resolution on discharge from liability for the Board Members and the CEO
The AGM resolved to discharge the Board Members and the CEO from liability for the financial year 2018.
The Board of Directors and auditor
The Board Members Rolf Buch, Fabian Heß, Peter Hohlbein, Jens Nagel, Anders Pettersson, Peter Strand and Helene von Roeder were re-elected. Rolf Buch was re-elected Chairman of the Board. As auditor Öhrlings PricewaterhouseCoopers AB was re-elected. Mats Åkerlund will continue as auditor in-charge.
The AGM resolved that remuneration to the Board of Directors will be SEK 150,000 each to the Board Members. In case the Board of Directors establishes a separate Audit Committee, the remuneration will be SEK 50,000 for the Chairman of the Audit Committee and SEK 25,000 to other members of the Audit Committee. In case the Board of Directors establishes a separate Remuneration Committee, the remuneration will be SEK 30,000 to the Chairman of the Remuneration Committee and SEK 15,000 to the other members of the Remuneration Committee.
The AGM resolved that remuneration the auditor will be paid according to approved invoice.
Resolution on authorisation for the Board of Directors to issue shares
The AGM authorised the Board of Directors to issue new shares, on one or more occasions prior to the next AGM, with or without regard to shareholders’ pre-emption rights. The payment of issued shares may be in cash, by non-cash consideration, by set-off or otherwise subject to terms and conditions stated in the Swedish Companies Act, chapter 2 section 5, second paragraph, points 1-3 and 5. The number of shares to be issued pursuant to the authorisation shall not be limited in any other way than by the limit in the articles of association on the share capital and on the number of shares. A new issue adopted in virtue of the authorisation, shall take place at market conditions and shall be carried out as part of the financing of acquisitions of real property or companies that own real property, to capitalize the company before or after such acquisitions or to enable value creating investments.
Besides the above mentioned, the AGM resolved on guidelines for the remuneration of senior executives.
Victoria Park AB (publ) is a listed property company, which through long-term management and social responsibility for more attractive residential areas, creates value in an expanding property portfolio in growth cities in Sweden.
At 31 March 2019 Victoria Park’s property portfolio amounts to 1,128,000 square metres, comprising 14,287 flats, with a market value of SEK 18.8 Bn. The shares in Victoria Park are listed for trading on the Nasdaq Stockholm Mid Cap exchange.
Victoria Park AB (publ) Box 2, SE-201 20 Malmö, Sweden, Tel +46 (0)40 16 74 40, Corporate Reg. No. 556695-0738,
Head Office Malmö, www.victoriapark.se/english