Amendment: Resolution by Fabege’s Annual General Meeting on 9 April 2018
10 Apr 2018, 02:55 pm CET
At the Annual General Meeting (AGM) of Fabege AB on 9 April 2018, the shareholders approved the Board’s proposal for 2017, a dividend of SEK 4.50 per share. The record date for payment of the dividend was set at April 11, 2018. It is expected that the dividend will be paid through Euroclear Sweden AB on 16 April 2018.
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The AGM decided to re-elect the Board Members Anette Asklin, Anna Engebretsen, Eva Eriksson, Märtha Josefsson, Jan Litborn, Pär Nuder, Mats Qviberg and elect Per-Ingemar Perssom. Jan Litborn was elected as Chairman of the Board.
The Meeting resolved in favour of the Board of Directors’ motion concerning principles for the remuneration and other employment terms and conditions for company management.
The AGM also decided to approve a payment of Directors’ fees totaling SEK 2,190,000, to be distributed as follows: SEK 500,000 to the Chairman of the Board, SEK 220,000 to the other Directors not employed by the company and SEK 150,000 for work in the Audit Committee, to be distributed as SEK 70,000 to the Chairman and SEK 40,000 each to the two members. It was decided that auditors’ fees should be paid in accordance with the approved invoice.
The AGM decided that the principles for the appointment of a Nominating Committee for the 2019 AGM are in accordance with the Nominating Committee’s proposal, i.e. that a Nominating Committee be appointed no later than six months before the 2019 AGM and consist of representatives for the four largest shareholders.
The AGM decided to elect the registered auditing firm of Deloitte AB as auditor, with Kent Åkerlund as auditor-in-charge.
The AGM decided to authorise the Board, up to the time of the next AGM, to acquire and transfer the company’s own shares. Share buybacks are subject to a limit of no more than 10 per cent of the total number of outstanding shares at any time.
The AGM decided that the §5 of the articles of association be amended with the meaning that the number of shares shall be a minimum of 133,600,000 and a maximum of 534,400,000. Further the the AGM decided of a 2:1 split of the company’s shares whereby each share will be divided into two shares. After the split, the company will have a total of 330,783,144 shares. The Board was authorised to set the record date for the split.
Further the AGM decided that §13 of the articles of association be amended with the following new wording: The company’s shares shall be registered in a VPC register under the Swedish Securities Centres and Financial Instruments Accounts Act (1998:1479).
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80
Fabege is a property company focusing on city district development and commercial properties. We develop attractive and sustainable districts with modern offices, housing and a broad range of services - together with strategic partners. Both our perspective and approach to ownership are long term and our passion is creating the right conditions for all those living, working and visiting our areas. We have a presence in a limited number of high-growth submarkets in the Stockholm region. Fabege’s shares are listed on Nasdaq Stockholm, in the Large Cap segment. For more information, www.fabege.com