Report from the Annual General Meeting of Quartiers Properties AB (publ), 29 May 2019
Quartiers Properties AB (publ) held its Annual General Meeting for the 2018 operating year on Wednesday 29 May, 2019. The following main decisions were made.
Adoption of balance sheet and income statement and distribution of profit relating to preference shares
The Annual General Meeting adopted the income statement and balance sheet contained in the annual accounts and resolved that a dividend be paid on the company’s existing preference shares, and preference shares that may be issued, for a total maximum amount of SEK 12,000,000. The remaining amount, that is, SEK 252,941,312, shall be carried forward. The dividend shall be distributed in the amount of 24 öre per preference share and quarter, and the standard record dates for dividends shall be 28 June 2019, 30 September 2019, 30 December 2019, 31 March 2020 and 30 June 2020 (provided these dates fall before the 2020 Annual General Meeting).
Payment of the dividend shall be made on the third business day following the record date. The dividend for preference shares that have not yet been issued by the date the AGM has resolved on the dividend are conditional on the preference share having been registered with the Swedish Companies Registration Office and entered into the share register maintained by Euroclear Sweden AB prior to the record date. Any remaining distributable funds following payment of the dividends as detailed above shall be carried forward. No dividend shall be paid on ordinary shares.
The Board of Directors and Auditor
The AGM gave discharge to the Board members and Chief Executive Officer for the 2018 operating year.
The AGM re-elected Jörgen Cederholm, Sten Andersen and Jimmie Hall, and elected Andreas Bonnier, as Board members for the period up until the end of the next AGM. Jörgen Cederholm was re-elected as Chairman of the Board. Moreover, the AGM re-elected registered audit firm Öhrlings PricewaterhouseCoopers AB with principal auditor Henrik Boman for the period up until the end of the next AGM.
The AGM resolved that Board fees of SEK 160,000 shall be paid to the Chairman and SEK 80,000 to each of the other Board members elected by the AGM. The AGM resolved that fees for the auditor would be paid on an ongoing basis according to invoices approved by the company.
The AGM decided on the composition and guidelines of the nomination committee.
The AGM resolved to authorise the Board of Directors, up until the next AGM and within the scope of the Articles of Association, on one or more occasions, with or without deviation from shareholders’ preferential rights, to decide on the issue of shares (ordinary shares and/or preference
shares). When deciding on the number of preference shares to be issued, the Board of Directors shall ensure that the company is able to fulfil its commitments relating to dividends for preference shares, in accordance with the decision regarding the distribution of profit.
An issue may be made against a cash payment, via assets contributed in kind and/or via offsetting, or otherwise according to conditions. Decisions on share issues based on this authority may result in an increase in the company’s share capital by a maximum of 15 percent. For private cash issues the subscription price must be set on a market basis.
For more detailed information about the content of the decisions, please refer to the notice to attend the AGM and the complete proposals. The notice to attend the AGM and complete proposals relating to decisions made by the AGM can be found at the company’s website, www.quartiersproperties.se.