Annual general meeting of KlaraBo Sverige AB on 3 May 2024
The annual general meeting (AGM) of KlaraBo Sverige AB was held on Friday 3 May 2024. Complete information and documents regarding the AGM's decision can be found on the company's website, www.klarabo.se. All resolutions passed by the AGM are in accordance with the proposals presented in the notice.
Adoption of the income statement and balance sheet and discharge from liability
The AGM resolved to adopt the income statement and balance sheet for the company as well as the consolidated income statement and consolidated balance sheet for the previous financial year. The board of directors and the managing director were discharged from liability for the same period.
Allocation of profit or loss according to the adopted balance sheet
The AGM resolved that no dividend shall be paid for the previous financial year and that the profits at the disposal of the AGM shall be carried forward.
Board of Directors
Lennart Sten, Anders Pettersson, Lulu Gylleneiden, Mats Johansson, Joacim Sjöberg, Sophia Mattsson-Linnala and Per Håkan Börjesson were re-elected as Board members. The AGM re-elected Lennart Sten as Chairman of the Board.
Board fees
The AGM resolved that directors' fees shall be paid in the amount of SEK 440,000 to the Chairman of the Board and SEK 220,000 each to other Board members who are not employed by the company. The AGM further resolved that fees of SEK 100,000 shall be paid to the chairman of the Audit Committee and SEK 80,000 shall be paid to each of the other members of the Audit Committee. To members of the Remuneration Committee, fees of SEK 45,000 shall be paid to each of the members.
Auditor
Öhrlings PricewaterhouseCoopers AB was re-elected as auditor for the period until the end of the next Annual General Meeting. Authorised public accountant Mats Åkerlund will serve as the auditor in charge. Fees to the auditor are paid against approved invoices.
Approval of the remuneration report
The AGM resolved to approve the board's remuneration report.
Authorisation for the board of directors to resolve on issues of shares, warrants and/or convertible instruments
The AGM resolved, in accordance with the Board's proposal, to authorise the Board of Directors, with or without deviation from shareholders' pre-emption rights and on one or several occasions during the period until the next annual general meeting, to resolve to increase the company's share capital with not more than 20 per cent of the share capital of the company at the time of the annual general meeting, by issuing new shares of series B, or warrants or convertible instruments regarding such shares. The complete proposal containing additional conditions is included in the notification of the AGM.
Authorisation for the Board of Directors to acquire and transfer own shares
The AGM resolved, in accordance with the board's proposal, to authorize the board to, on one or several occasions during the period until the next AGM, resolve on acquisitions and transfers of the company's own shares. Acquisitions shall take place on Nasdaq Stockholm at a price per share within the price interval registered at any given time, i.e. the interval between the highest bid price and the lowest selling price, and may take place provided that the company's holding does not at any time exceed ten percent of all shares in the company. Transfer of own shares shall be made either on Nasdaq Stockholm or in another manner with deviation from shareholders' preferential rights and may comprise all treasury shares held by the company at any given time. The complete proposal containing additional conditions is included in the notification of the AGM.
Incentive program, including directed share issue and transfer of warrants
The AGM resolved on a long-term incentive program for KlaraBo Sverige AB's employees, including a directed share issue of a maximum of 2,000,000 warrants to the company and transfer of the warrants to the participants in the incentive program. The transfer of the warrants to the participants in the incentive program shall be made at market value.
Each warrant entitles the holder, during the period from 1 November 2027 to 31 December 2027, to subscribe for one (1) new Class B share in the company at a subscription price corresponding to 170 percent of the volume-weighted average price paid for the company's Class B share on Nasdaq Stockholm during a period of five (5) trading days preceding the day when participants in the incentive program acquire warrants from the company. The company's share capital may increase by a maximum of SEK 100,000, corresponding to a dilution effect of not more than approximately 1,5 percent based on the total number of shares in the company after the exercise of the warrants. The complete proposal containing additional conditions is included in the notification of the AGM.
For more information:
Andreas Morfiadakis, CEO KlaraBo
andreas.morfiadakis@klarabo.se
+46 76 133 16 61
About KlaraBo
KlaraBo is a real estate company that acquires, builds, owns and manages attractive residential properties. The company was founded in 2017 and operates throughout the country. The strategy is to acquire existing residential properties as well as land for new construction in regions with population growth and a strong labour market. Our newly constructed apartments are developed in-house and space efficient, which contribute to reasonable rents. Both apartments and buildings are designed in collaboration with the municipality to fit local needs. With wood as the main building material, the new construction holds a high environmental standard. KlaraBo is a long-term property owner. KlaraBo is listed on Nasdaq Stockholm and is traded under the ticker KLARA B.