Resolutions at the AGM in VBG Group AB (publ) on 2 May 2024
VBG Group AB (publ) has today, on 2 May 2024, held its annual general meeting (“AGM”) in Vänersborg. The AGM resolved in accordance with all proposals submitted by the board of directors and the nomination committee.
Adoption of the income statement and the balance sheet
The AGM adopted the income statement and the balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year 2023.
Dividend
The AGM resolved, in accordance with the board of directors’ proposal, on a dividend of SEK 7.00 per share. The record date for the right to receive dividend was resolved to be 6 May 2024. Payment of the dividend by Euroclear Sweden AB is expected to be initiated on 10 May 2024.
Discharge from liability
The AGM resolved that each of the board members and the CEO were discharged from liability for the financial year 2023.
Board of directors and auditor
The AGM resolved that the board of directors shall consist of six ordinary board members with no deputy board members. Anders Birgersson, Peter Augustsson, Louise Nicolin, Mats R Karlsson, Anna Stålenbring och Anders Erkén (CEO) were re-elected as ordinary members of the board. Anders Birgersson was elected as new chairperson of the board.
The registered audit firm Ernst & Young AB was re-elected as the company´s auditor for the time until the next AGM, with the authorized public accountant Andreas Mast as auditor in charge.
Remuneration
The AGM resolved that the total fees to the board members shall amount to SEK 2,140,000 (2,305,000). The fees are to be divided as follows: SEK 700,000 (680,000) to the chairperson of the board and SEK 300,000 (285,000) to each of the other ordinary members of the board.
VBG Group AB (publ)
Kungsgatan 57, 461 34 Trollhättan, Sweden
Telephone: +46 521 27 77 00 www.vbggroup.com Registration no. 556069-0751
Of the total fees, SEK 180,000 (150,000) shall be awarded to the audit committee and SEK 60,000 kronor (50,000) shall be awarded to the remuneration committee, to be distributed by the board of directors. No fees shall be awarded to board members that are employees of the group. The fees to the auditor shall be paid in accordance with approved invoice.
Remuneration report
The AGM resolved to approve the board’s remuneration report.
Guidelines for remuneration and other terms of employment to senior executives
The AGM resolved, in accordance with the board of directors’ proposal, to adopt the revised guidelines for remuneration and other terms of employment to senior executives.
Authorisation for the board of directors to transfer own shares
The AGM resolved to authorise the board of directors to, up until the AGM 2025, on one or several occasions, resolve to transfer the company’s acquired own series B shares with deviation from the shareholders’ preferential right. Payment may be made in a form other than in cash (in kind) or by way of set-off. The purpose of the authorisation is to enable acquisition financing by utilizing own shares.
The complete proposals are available on the company’s website, www.vbggroup.com.
Vänersborg on 2 May 2024
VBG Group AB (publ)
For more information, please contact:
Anders Birgersson, Chairperson of the board
Telephone: +46 702 27 77 78
VBG Group AB (publ), domiciled in Vänersborg, is the Parent company of an international engineering Group with wholly owned companies in Europe, North America, Brazil, South Africa, India and China. The Group’s operations are divided into three divisions – Truck & Trailer Equipment, Mobile Thermal Solutions and Ringfeder Power Transmission – with products that are marketed under strong, well-known brands. VBG Group AB’s Series B share was introduced on the stock exchange in 1987 and is listed today on the Nasdaq Stockholm Mid Cap list.