Kungsleden’s Annual General Meeting was held on Thursday April 26, 2018 at 2.00 p.m. at Kungsleden’s head office in Stockholm.
The Meeting approved the Board of Director’s proposed dividend of SEK 2.20 per share to be paid quarterly in four instalments of SEK 0.55 per share. The record dates was set as of April 30, June 29, September 28 and December 28, 2018 and the dividend is scheduled for disbursement by Euroclear Sweden AB on the third banking day after each record date.
In her address to the AGM, Chief Executive Officer Biljana Pehrsson reviewed the financial year 2017 and the first quarter of 2018. The Chief Executive Officer’s address was recorded on video, and will be available at Kungsleden’s website, www.kungsleden.se.
The AGM discharged the Board members and Chief Executive Officer from liability for the financial year 2017.
The Meeting resolved that the Board of Directors shall have six members.
The following Board members were re-elected: Charlotte Axelsson, Ingalill Berglund, Liselotte Hjorth and Charlotta Wikström. Ulf Nilsson and Jonas Bjuggren were elected as new members of the Board. Charlotte Axelsson was elected as Chairman of the Board.
Göran Larsson, Kia Orback Pettersson and Joachim Gahm have declined re-election.
The Meeting appointed Charlotte Axelsson, Chairman of the Board, Göran Larsson, proposed by Gösta Welandson with company, Eva Gottfridsdotter-Nilsson, proposed by Länsförsäkringar Fondförvaltning and Michael Green proposed by Handelsbanken Fonder as members of the Nomination Committee.
The Meeting adopted the Board of Directors’ proposal on remuneration guidelines for senior executives.
The Meeting approved the Board of Directors’ proposal to authorise the Board to make decisions on one or more occasions for the period up until the next AGM, to repurchase and transfer that total number of shares so that the company’s holdings do not exceed ten per cent of all the shares of the company at any time. Repurchases of shares shall be on Nasdaq Stockholm, and may only be executed at a price within the quoted price interval on each occasion, which means the interval between the highest bid price and lowest offer price. Transfer may be conducted on Nasdaq Stockholm or otherwise, including a right to resolve upon deviations from the shareholders’ preferential rights. The purpose of this authorisation is for the Board to attain the flexibility to enable decision-making regarding an altered capital structure on a continuous basis, and thus contribute to increased shareholder value. The purpose is also to enable repurchased shares as payment for acquisitions, or to settle any deferred payments for such acquisitions, or to finance such acquisitions or deferred payments.
The Meeting approved, in accordance with the Nomination Committee´s proposal, to elect Ernst & Young AB as auditor for the period until the close of the next Annual General Meeting. Ernst & Young AB will appoint the Authorised Public Accountant Ingemar Rindstig as auditor in charge.Regulatory
For more information, please contact:
Charlotte Axelsson, Chairman of the Board | +46 70 222 64 88
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
The information was provided for public release on April 26, 2018 at 4:00 p.m.
Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ Nordic Large Cap.