Report from Wallenstam’s Annual General Meeting
The Annual General Meeting of Wallenstam AB (publ) on May 2, 2019, approved the Board’s proposal for a dividend of SEK 1.90 per share for the 2018 financial year, spread over two payment dates of SEK 0.95 each per share. The record day for the first payment was set to May 6, 2019 and distribution from Euroclear Sweden AB is expected to take place on May 9, 2019. The record day for the second payment was set to October 28, 2019 and distribution from Euroclear Sweden AB is expected to take place on October 31, 2019.
In accordance with the nomination committee’s proposals, the AGM re-elected Christer Villard (Chairman) and Ulrica Jansson Messing, Agneta Wallenstam, Anders Berntsson and Karin Mattsson as Board members. Fees to be paid to the Board of Directors were approved of SEK 1,480,000 in total, of which SEK 740,000 to the Chairman of the Board, SEK 260,000 to the Vice Chairman and SEK 160,000 to each of the other Board members. The fees include compensation for committee work.
The AGM resolved to elect Deloitte AB as the company’s auditor until the end of the 2020 AGM. Deloitte AB has advised that Harald Jagner will be the chief auditor.
Dick Brenner (Chairman), Christer Villard, Lars-Åke Bokenberger and Hans Wallenstam were re-elected as members of the nomination committee ahead of the 2020 AGM.
The AGM approved the Board’s proposal for guidelines for remuneration to senior executives.
Furthermore, the AGM authorized the Board until the next AGM, on one or more occasions, to take decisions regarding the acquisition of so many own B shares on Nasdaq Stockholm, such that the company’s maximum holding at any given time does not exceed 10 percent of all shares in the company. The acquisition must take place within the registered price range at the time (i.e. the spread between the highest buying price and lowest selling price).
Lastly, the AGM authorized the Board until the next AGM – with or without preferential rights for shareholders – to take decisions regarding the assignment of the company’s own shares by means other than through Nasdaq Stockholm. Assignment may take place against cash payment, against consideration other than in cash or by offsetting debt because of the company’s assignment in exchange for a claim on the company. The Board’s decision regarding assignment must be executed within the time period determined by the Board. The number of own shares assigned may not exceed the number of shares held by the company at the time of assignment.
For further information:
Elisabeth Vansvik, Communications Director Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 38
Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 47 billion and the customer base consists of around 9,000 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.