Peab's Annual General Meeting 2022

2022-05-05 19:00:00

The AGM was held at Grevieparken in Båstad. Shareholders could also exercise their voting right through postal voting in accordance with the regulations in Peab's articles of association.

The AGM approved the Board's proposal of a dividend for the financial year of 2021 of SEK 5.00 per share. Monday, May 9, 2022 was adopted as the record date for dividend distribution.

The AGM adopted the company and Group balance sheet and income statement for 2021 and discharged the Board members and the CEO from liability for the financial year of 2021.

In accordance with the proposal of the Nomination Committee the AGM decided to reelected Karl-Axel Granlund, Magdalena Gerger, Liselott Kilaas, Kerstin Lindell, Fredrik Paulsson, Malin Persson, Lars Sköld and Anders Runevad. Anders Runevad was elected the new Chairman of the Board.

Remuneration to the Chairman of the Board of Directors was set at SEK 1,200,000 (1,100,000) and for each of the other board members at SEK 600,000 (550,000). Remuneration for work on the Remuneration and Finance Committees was set at SEK 80,000 (75,000) for each member of those committees. Remuneration for work on the Audit Committee was set at SEK 165,000 (150,000) for the chairman and SEK 80,000 (75,000) for each of the other members. The total amount of fees to Board members adopted was SEK 6,285,000 (5,775,000).

According to the Audit Committee's proposal the registered accounting company EY with Jonas Svensson as principle company auditor was re-elected. It was also decided the auditor will be compensated according to approved invoices.

The AGM adopted the Nomination Committee's proposal on the principles for the Nomination Committee's appointment and instructions for the Nomination Committee. These include that the Nomination Committee consist of a representative for each of the three shareholders with the largest number of votes according to the share register per the final banking day in September as well as the Chairman of the Board of the company. If one or more of the three largest shareholders decline to appoint a member of the Nomination Committee the Chairman of the Board will offer other major shareholders the opportunity to appoint a member of the Nomination Committee, in order of size, until the Nomination Committee consists of four members including the Chairman of the Board. In the event that one of the members representing a shareholder in the Nomination Committee quits their post prematurely the Nomination Committee must without delay request that the shareholder appoint a new member. If the shareholder does not appoint a new member the Nomination Committee will offer other major shareholders the opportunity to appoint a member to the Nomination Committee. The Nomination Committee chooses its chairman amongst themselves.

The AGM authorized the Board of Directors to decide, on one or more occasions during the period up to the next AGM, on a new issue of B shares corresponding at the most to a total of ten percent of the registered share capital at the time of the authorization, with or without preferential rights for current shareholders.

The AGM authorized the Board of Directors, during the period up to the next AGM, to decide to acquire, on NASDAQ Stockholm AB or through an acquisition offer aimed at all shareholders or holders of shares of a particular class, a maximum number of shares so that the company's holding of its own shares after the acquisition does not exceed one tenth of all shares in the company. The shares may be acquired on NASDAQ Stockholm AB at a price within the price interval registered at any given time and, in the case of acquisition through an acquisition offer, at a price equivalent to the lowest stock market price at the time of the offer with a maximum upward deviation of 30 percent. Shares may only be acquired for compensation in cash.

The AGM authorized the Board of Directors, during the period up to the next AGM, to decide to transfer, on NASDAQ Stockholm AB or in connection with, for example, a corporate acquisition and with or without any deviation from the shareholders' preferential rights, a maximum of all the company's own shares held by the company on NASDAQ Stockholm AB at a price within the price interval registered at any given time and, in the case of divestment by other means, at a price equivalent to the stock market price of the shares at the time of the transfer with any deviation that the Board of Directors may deem appropriate.

The AGM rejected the proposal made by one of the shareholders.

For further information, please contact:

Juha Hartomaa, Head of Investor Relations Peab, cell: +46 725-33 31 45

Cision