Resolutions by Catena’s Annual General Meeting on 29 April 2021
At Catena’s Annual General Meeting on April 29, 2021, the Annual General Meeting, inter alia, approved the Board of Director’s proposed dividend of SEK 7.50 per share for 2020.
29 March 2021, 11.30 a.m.
To reduce the risk of the spread of infection and to protect the safety and health of the shareholders Catena AB (publ) held its Annual General Meeting by postal votes. CEO Jörgen Eriksson’s speech is available in a digital version at www.catenafastigheter.se/arsstamma.
After the Annual General Meeting resolved to approve the company's and the Group's presented results and balance sheets, the Annual General Meeting resolved, in accordance with the Board of Directors proposal, for a dividend of SEK 7.50 per share to be disbursed on two occations, each at SEK 3.75 kr per share. The record dates for receipt of dividends was set to 3 May 2021 and 3 November 2021 and the dividend is expected to be paid from Euroclear Sweden AB on 6 May 2021 and 8 November 2021, respectively.
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, Magnus Swärdh, Caesar Åfors and Vesna Jovic be re-elected as ordinary Board members, that Lennart Mauritzon be newly elected as Board member, and that Gustaf Hermelin be re-elected as 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 resolved, in accordance with the Nomination Committee’s proposal, for unchanged principles instructions for the Nomination Committee. The Annual General Meeting discharged the Board members and CEO from liability for the 2020 fiscal year.
The Annual General Meeting approved the Nomination Committee’s proposal for remunderation of SEK 385,000 (previously SEK 350,000) to the Chairman and SEK 190,000 (previously SEK 175,000) 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 (80,000) is to be paid, to be distributed in the amount of SEK 40,000 (SEK 40,000) to the chairman of the Committee and SEK 20,000 (SEK 20,000) 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 and Renumeration report was also presented and approved.
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 issue new shares on one or more occations prior to the next Annual General Meeting, with or without preferential rights for shareholders to participate in the issue and with or without provisions regarding payment in kind or set-off. The authorisation may cover at most a combined 1/10 of the total number of shares outstanding at the time of the Board’s first decision to issue shares. New share issues are to be implemented on the usual market terms. The authorisations to implement 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, would, combined, correspond to at most 1/10 of all shares outstanding in the Company.
The Annual General Meeting resolved to amend §§ 1 and 10 and extend of new §§ 15-16 in the Articles of Association, as proposed by the Board of Directors and included in the notification for the Annual General Meeting.
For further information, please contact
Gustaf Hermelin, Ordförande, Tel. + 46 705-60 00 00
Jörgen Eriksson, CEO, Tel. + 46 730-70 22 42, firstname.lastname@example.org
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