Resolutions by Catena’s Annual General Meeting on 29 April 2020
29 April 2020 6:30 p.m
Catena AB (publ) held its Annual General Meeting on 29 April 2020. In his speech at the Annual General Meeting, Chief Executive Officer, Benny Thögersen, gave an account of the 2019 financial year.
Following the adoption of the balance sheet and income statement in the Annual Report, the Meeting resolved, in accordance with the Board’s proposal, to approve payment of a dividend of SEK 6.50 per share. The record date was set as 4 May 2020 and the dividend is expected to be paid on 7 May 2020.
The Annual General Meeting resolved that the number of Board Members elected by the Annual General Meeting should be seven ordinary members with no deputies. The Meeting approved the Nomination Committee’s proposal that Gustaf Hermelin, Katarina Wallin, Hélène Briggert, Tomas Andersson and Magnus Swärdh be re-elected as ordinary Board Members, that Caesar Åfors and Vesna Jovic be newly elected as ordinary Board Members, and that Gustaf Hermelin be re-elected as the Chairman of the Board. The auditing firm, PricewaterhouseCoopers AB was appointed auditor, with authorised public accountant Mats Åkerlund as the principal auditor. The Annual General Meeting discharged the Board members and CEO from liability for the 2019 fiscal year.
The Annual General Meeting approved the Nomination Committee’s proposal for remuneration of SEK 350,000 (previously SEK 330,000) to the Chairman and SEK 175,000 (previously SEK 165,000) to each of the other Board members who are not employed by the Company. For work on the Remuneration Committee, additional remuneration of SEK 80,000 (SEK 40,000) is to be paid, to be distributed in the amount of SEK 40,000 (SEK 20,000) to the chairman of the Committee and SEK 20,000 (SEK 10,000) to each of the other two members; for the Audit Committee, remuneration of SEK 100,000 (SEK 100,000 ) is to be paid, to be distributed in the amount of SEK 50,000 (SEK 50,000) to the chairman of the Committee and SEK 25,000 (SEK 25,000) to each of the other two members.
It was resolved that fees to the auditors be paid according to customary standards and approved invoicing. The Board’s proposal for updated guidelines for remuneration to senior executives was also approved. The Annual General Meeting resolved that no changes be made to the instructions on the composition of the Nomination Committee and that fees should not be paid to the members of the Nomination Committee.
In accordance with the proposal presented, the Annual General Meeting authorised the Board to acquire and divest treasury shares. Acquisitions and divestments may not exceed one-tenth of the Company’s total shares and decisions may be made on one or several occasions. The Annual General Meeting also authorised the Board to decide on a new share issue not exceeding one-tenth of the total number of shares outstanding and decisions may be made on one or several occasions.
Authorisations for acquisitions and new share issues is limited so that the number of shares acquired by the Company itself and the number of new shares issued in accordance with a decision by the
Board of Directors with support from the AGM's authorization, would, combined, correspond to at most 1/10 of all shares outstanding in the Company.
For further information, please contact
Gustaf Hermelin, Chairman
Tel. +46 705-60 00 00
gustaf.hermelin@catenafastigheter.se
Benny Thögersen, CEO
Tel. +46 706-60 83 50
benny.thogersen@catenafastigheter.se
