Report from Wallenstam’s Annual General Meeting

The Annual General Meeting of Wallenstam AB (publ) on April 28, 2020, approved the Board’s proposal not to pay any dividend for the 2019 financial year, taking into account the current state of the world in view of the Covid-19 pandemic.

In accordance with the nomination committee’s proposals, the AGM elected Lars-Åke Bokenberger as new Chairman of the Board, and Mikael Söderlund as a new Board member. Agneta Wallenstam, Anders Berntsson and Karin Mattsson were re-elected as Board members. Fees to be paid to the Board of Directors were approved of 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. Furthermore, it was decided that SEK 1,700,000 will be paid in additional directors’ fees to the Chairman of the Board, who in his chairmanship position will assist the company management to a significant extent during the year. Thus, the decided remuneration to the Board of Directors amounts to SEK 3,180,000 in total.

The AGM resolved to elect KPMG as the company’s auditor until the end of the 2021 AGM. KPMG has advised that Mathias Arvidsson will be the chief auditor.

Dick Brenner (Chairman), Lars-Åke Bokenberger, Anders Oscarsson and Hans Wallenstam were elected as members of the nomination committee ahead of the 2021 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, please contact:
Elisabeth Vansvik, Communications Director Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 38

www.wallenstam.se

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 54 billion and the customer base consists of around 9,500 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.

About Us

Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Gothenburg, Stockholm and Uppsala. The property holdings are valued at around SEK 55 billion and the customer base consists of around 10,000 households and 1,000 enterprises. The total lettable area is just over 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.

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