Report from Wallenstam's Annual General MeetingPublished 4/27/2021
The Annual General Meeting of Wallenstam AB (publ) on April 27, 2021, approved the Board's proposal for a dividend of SEK 1.20 per share for the 2020 financial year, spread over two payment dates of SEK 0.60 each per share. The record day for the first payment was set to April 29, 2021 and distribution from Euroclear Sweden AB is expected to take place on May 4, 2021. The record day for the second payment was set to November 1, 2021 and distribution from Euroclear Sweden AB is expected to take place on November 4, 2021.
In accordance with the nomination committee's proposals, the AGM re-elected Lars-Åke Bokenberger (Chairman), Karin Mattsson, Anders Berntsson, Agneta Wallenstam and Mikael Söderlund as Board members. Fees to be paid to the Board of Directors were approved of SEK 1,480,000 in total, of which SEK 740,000 to the Chairman of the Board, SEK 260,000 to the Vice Chairman and SEK 160,000 to each of the other Board members. The fees include compensation for committee work. Furthermore, it was decided that SEK 1,500,000 will be paid in additional directors' fees to the Chairman of the Board, who in his chairmanship position will assist the company management to a significant extent during the year. Thus, the decided remuneration to the Board of Directors amounts to SEK 2,980,000 in total.
The AGM resolved to elect KPMG as the company's auditor until the end of the 2022 AGM. KPMG has advised that Mathias Arvidsson will be the chief auditor.
Dick Brenner (Chairman), Lars-Åke Bokenberger, Anders Oscarsson and Hans Wallenstam were re-elected as members of the nomination committee ahead of the 2022 AGM.
The AGM approved the Board's proposal for guidelines for remuneration to senior executives, as well as the Board's remuneration report.
Furthermore, the AGM authorized the Board until the next AGM, on one or more occasions until the next AGM, to take decisions regarding the purchase of as many of its own B shares on Nasdaq Stockholm or another regulated market, such that the company's holding at any one time does not exceed 10 percent of all shares in the company. Such acquisitions shall take place at the best available price for the company. The restrictions on the highest and lowest price arising under applicable stock exchange rules must be observed.
Lastly, the AGM authorized the Board until the next AGM to take decisions on assignment of the company's own shares on Nasdaq Stockholm or another regulated market. The Board may also - with or without preferential rights for shareholders - take decisions regarding the assignment of the company's own shares by other means than through Nasdaq Stockholm or another regulated market. Assignment may take place against cash payment, for valuable consideration in other assets than cash or by offsetting debt through the company's assignment of shares in exchange for a claim against the company. The Board's decision regarding assignment must be executed within the time period determined by the Board. Assignments shall take place at the best available price for the company and may not exceed the number of shares held by the company at the time of assignment. The restrictions on the highest and lowest price arising under applicable stock exchange rules must be observed.