Wihlborgs Fastigheter AB (publ) AGM 2018

4/25/2018 4:30 PM

At Wihlborgs Fastigheter AB’s AGM on 25 April 2018, the meeting agreed to the Board’s proposal for a dividend for 2017 of SEK 6.25 per share. The record date for receiving the dividend was set at Friday, 27 April 2018. Cash payment will be sent by Euroclear Sweden AB on Thursday 3 May 2018.

The Board of Directors and the CEO were granted freedom of responsibility for the year 2017.

The AGM approved the Board’s proposal for principles governing remuneration and other terms of employment for corporate management.

The AGM agreed that the Board be authorized until no later than the next Annual General Meeting to acquire and assign own shares. An acquisition shall not exceed the no. of shares which from time to time corresponds to ten per cent of all the shares issued by the company.

The AGM also agreed to authorize the Board of Directors prior to the next AGM, on one or several occasions, to make a decision on a new share issue up to a number that does not exceed ten per cent of the total number of shares when the issue is authorized. The Board shall have the right do decide on a deviation from the shareholders’ preferential rights as well as regulation according to Chapter 13, Section 5, 1stparagraph 6 of the Swedish Companies Act (in kind, offset or other terms). The issue may take place at market price.

The AGM agreed to amend § 5 of the Articles of Association so that the number of shares shall be not less than 150,000,000 and not more than 600,000,000.

The AGM decided on a division of the company’s shares (a “split”) of 2:1, by which each old share will be replaced with two new shares. After the split is completed, the company will have a total of 153,713,456 shares. The Board was authorized to establish a record day for the division.

The AGM agreed to the re-election of the Board members Tina Andersson, Anders Jarl, Sara Karlsson, Helen Olausson, Per-Ingemar Persson and Johan Qviberg as well as new election of Jan Litborn. Anders Jarl was elected as Chairman of the Board. It was also agreed that fees to the board shall total SEK 3,400,000 distributed as SEK 250,000 to the Board Chairman and SEK 150,000 to each Board member not employed by the company. In addition, the Chairman of the Board will receive SEK 2,250,000 as a separate fee for assisting company management as Executive Chairman up until the next AGM. The AGM decided to re-elect as auditor Deloitte AB with Richard Peters as chief auditor. Audit fees are paid according to an approved account.

The meeting also decided that a new Nomination Committee shall be formed at the latest six months prior to the AGM in 2019. The Nomination Committee will be established in a similar way as before, and shall comprise members appointed by the three largest shareholders, based on ownership 31 August 2018 as well as one representative for the smaller shareholders.

Wihlborgs Fastigheter AB (publ)

Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen.
In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.

The book value of the company’s properties totals SEK 39.4 billion. The annual rental value of the properties is SEK 2.9 billion.

Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.