Kungsleden’s Annual General Meeting was held on Friday 26 April 2019 at 11.00 a.m. at Kungsleden’s head office in Stockholm.
The Meeting approved the Board’s proposed dividend of SEK 2.40 per share to be paid quarterly in four instalments of SEK 0.60 per share. The record dates were set as of 30 April, 28 June, 30 September and 30 December 2019 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 Meeting, Chief Executive Officer Biljana Pehrsson reviewed the financial year 2018 and the first quarter of 2019. The Chief Executive Officer’s address was recorded on video, and will be available at Kungsleden’s website, www.kungsleden.se.
The Meeting discharged the Board members and Chief Executive Officer from liability for the financial year 2018.
The Meeting resolved that the Board shall consist of six members.
The following Board members were re-elected: Charlotte Axelsson, Ingalill Berglund, Jonas Bjuggren, Ulf Nilsson and Charlotta Wikström. Christer Nilsson was elected as new member of the Board. Charlotte Axelsson was re-elected as Chairman of the Board.
Liselotte Hjorth has declined re-election.
The Meeting resolved that an annual amount of SEK 220,000 (unaltered) shall be paid to members of the Board, who are not employed by the company, and that an annual amount of SEK 500,000 (unaltered) shall be paid to the Chairman of the Board, and that an annual amount of SEK 40,000 per assignment (unaltered) shall be paid to members of the Board, who are not employed by the company, for work in committees established by the Board, except for the Chairman of the Audit Committee, to whom an annual amount of SEK 60,000 shall be paid.
The Meeting appointed Charlotte Axelsson, Chairman of the Board, Göran Larsson, proposed by Gösta Welandson with company, Jonas Broman, proposed by Olle Florén with companies and Michael Green, proposed by Handelsbanken Fonder as members of the Nomination Committee.
The Meeting adopted the Board’s proposal on remuneration guidelines for senior executives.
The Meeting approved the Board’s proposal to authorise the Board to make decisions on one or more occasions for the period up until the next Annual General Meeting, 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, 2019 at 1:00 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.