ANNUAL GENERAL MEETING IN FASTIGHETS AB BALDER (PUBL)

Marek Zdrojewski, attorney at law, opened the meeting and was elected chairman of the AGM.

Erik Selin, CEO, reported on the company´s operations during 2019.

The income statement and the balance sheet as well as the consolidated income statement and the consolidated balance sheet for 2019 were adopted. The Board members and the CEO were discharged from liability for their administration during the fiscal year 2019.

The AGM resolved that the shareholders shall not obtain any dividend.

The AGM resolved that the fees for board assignment should be SEK 560,000 in total, to be distributed as follows: SEK 200,000 to the Chairman of the Board and SEK 120,000 to each of the other Board members not being employed by the company.

The AGM resolved that auditor’s fees shall be paid against approved account.

Christina Rogestam, Erik Selin, Fredrik Svensson, Sten Dunér and Anders Wennergren were reelected as members of the Board. Christina Rogestam was reelected as Chairman of the Board.

The AGM resolved to adopt that the Nomination Committee shall consist of one representative for each one of the two largest shareholders or ownership spheres together with Lars Rasin, as chairman of the Nomination Committee. The elected members of the Nomination Committee shall be announced not later than six months prior to the AGM 2021.

A remuneration policy for senior executives was adopted in accordance with proposal from the Board of Directors.

The Meeting resolved to amend the Articles of Association. The amendment included certain editorial changes, but also giving the Board the mandate to collect powers of attorney or decide that shareholders should be able to vote by mail before the general meeting is held.

The AGM resolved to adopt and to authorize the Board of Directors, during the period until the next annual general meeting, on one or more occasions, to resolve upon an issue of maximum 20 000 000 ordinary shares of Class B, with or without a derogation from the shareholders’ pre-emption rights.

The AGM further resolved to adopt and to authorize the Board of Directors during the period until the next annual general meeting, on one or more occasions, to acquire and assign Class B shares issued by the company. However, the company´s holdings of shares issued by the company, may not exceed 10 per cent of the total number of shares in the company. The Board of Directors was also authorized by the AGM to dispose of the company’s holdings of shares issued by the company.

Due to the current situation with the Coronavirus and the risk of spreading the infection the company took certain measures to limit the risks and enable the shareholders to attend the AGM despite the prevailing circumstances. The CEO´s speech was recorded and will be available on the company´s website, balder.se.

For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
CFO Magnus Björndahl, +46 735 582 929
 

Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 151.2 billion (123.2) as of 31 March 2020. The Balder share is listed on Nasdaq Stockholm, Large Cap.

Fastighets AB Balder (publ)
PO Box 53 121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg
balder.se