Annual General Meeting in Genova Property Group AB (publ)

2022-05-04 11:00:00

Adoption of income statements and balance sheets and resolution on disposition of the company's profit or loss and discharge from liability
The Annual General Meeting resolved to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet for the financial year 2021.

The Annual General Meeting also resolved on disposition of the Company's result in accordance with the Board's proposal, that no dividend is made for the financial year 2021 and that the Company's funds at disposal of approximately 386 MSEK, including the year's loss of approximately 43 MSEK, is carried forward.

The Board members and the Chief Executive Officer were granted discharge from liability for the financial year 2021.

Determination of Board remuneration and auditor fees
The Annual General Meeting resolved, in accordance with the nomination committee's proposal, that the remuneration to the Board members, up until the close of the next Annual General Meeting, shall be paid with SEK 550,000 (SEK 450,000 previous year) to the Chairman of the Board and with SEK 290,000 (SEK 220,000 previous year) to each of the Board members. Further, the Annual General Meeting resolved, in accordance with the nomination committee's proposal, on unchanged remuneration to the Chairman of the Board's audit committee with SEK 85,000 and unchanged remuneration to the other members with SEK 60,000 each and unchanged remuneration to the Chairman of the Board's remuneration committee with SEK 50,000 and unchanged remuneration to the other members with SEK 40,000 each.

The auditor's fees shall be paid as per approved invoice.

Election of Board members, Chairman of the Board and auditor
The Annual General Meeting resolved, in accordance with the nomination committee's proposal, that the number of Board members shall be six, without deputy members and that the Company shall have one auditor without deputy auditor. Mikael Borg was re-elected as Chairman of the Board and Micael Bile, Andreas Eneskjöld, Erika Olsén, Maria Rankka and Anette Asklin were re-elected as Board members until the close of the next Annual General Meeting.

Information about the Board members is available on Genova's website, https://genova.se/investors/corporate-governance.

Ernst & Young Aktiebolag was re-elected as auditor. The authorized auditor Henrik Nilsson will continue as auditor in charge also for the financial year 2022.

Resolution on approval of the remuneration report
The Annual General Meeting resolved, in accordance with the Board's proposal, to approve the remuneration report for 2021.

Resolution on authorization for the Board to resolve on new issue of ordinary shares, warrants and convertibles
The Annual General Meeting resolved, in accordance with the Board's proposal, to authorize the Board to, up until the next Annual General Meeting, on one or several occasions, and with or without preferential rights for the shareholders, resolve on new issue of ordinary shares or warrants or convertibles attributable to such shares. The new issue of shares, warrants or convertibles in accordance with the authorization is to be paid in cash, in kind or by way of set-off. The Board's authorization shall be limited in that the total number of ordinary shares, the number of ordinary shares to which convertibles may be converted into and the number of ordinary shares that may be subscribed for by way of exercise of warrants issued under the authorization is limited to a maximum of ten (10) percent of the total number of ordinary shares in the Company at the time of the first new issue resolution.

Complete proposals
The Board's and the nomination committee's complete proposals are available on the Company's website, www.genova.se. The minutes kept at the Annual General Meeting will be made available on the Company's website on 18 May 2022 at the latest.

Other
The Annual General Meeting was held by attendance of the shareholders in person. The shareholders could also choose to exercise their voting rights at the Annual General Meeting through postal voting.

For further information, please contact:
CEO, Michael Moschewitz, mobile + 46 (0)70-713 69 39, michael.moschewitz@genova.se

About Genova
Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with focus on Greater Stockholm area and Uppsala Region. On 31 March 2022, the value of the company's property portfolio amounted to approximately SEK 8,2 billion with a lettable area of approximately 267,000 sqm and the company held approximately 7,000 building rights for residential units. Genova's ordinary shares have been listed on Nasdaq Stockholm since June 2020.

The information was submitted for publication, through the agency of the contact person set out above, on 4 May 2022 at 11.00 CEST.

Genova - Smålandsgatan 12 - 111 46 Stockholm - www.genova.se

Cision