At Wihlborgs Fastigheter AB’s annual general meeting on 23 April, the meeting agreed to the board’s proposal for a dividend for 2007 of SEK 6.25 per share. The record date for receiving the dividend was set at Monday, 28 April 2008. Cash payment will be sent by VPC AB on Friday, 2 May 2008.
The board of directors and the CEO were granted freedom of responsibility for the year 2007.
The meeting approved the board’s proposal for principles governing remuneration and other terms of employment for corporate management.
The annual general meeting agreed that the board be authorized until no later than the next annual general meeting to acquire and assign own shares. An assignment shall not exceed the number of shares which from time to time corresponds to 10 per cent of all the shares issued by the company.
The annual general meeting also agreed to authorize the board of directors on one or more occasions until the time for the next annual general meeting to decide on a new share issue not exceeding 10 per cent of the total number of outstanding shares. The board decides upon any divergence on shareholders’ preferential rights as well as regulation according to Chapter 13, Section 5, 6 of Swedish Companies Act (in kind, offset or other terms). The issue may only be made at market price.
The annual general meeting decided that the board to be comprised of seven members and that Kerstin Fredriksson, Anders Jarl, Sara Karlsson, Helen Olausson, Erik Paulsson, Tommy Qvarfort and Johan Qviberg to be re-elected. It was also agreed that fees to the board shall total SEK 820 000 distributed as SEK 220 000 to the board chairman and SEK 120 000 to each board member not employed by the company.
Deloitte AB, with Torbjörn Svensson as auditor in charge, was re‐elected to serve until the 2011 AGM. Furthermore, remuneration to auditors is paid according to approved invoices.
At the board meeting following election, Kerstin Fredriksson was re-elected as vice-chairman.
The meeting also decided on the following principles for appointing an election committee:
1. An election committee shall be formed by the three largest shareholders who wish to take part, each appointing a representative at least six months before the annual general meeting. The election committee shall also include a representative for the smaller shareholders identified as Aktiespararna. In addition, the election committee can decide that the company’s board chairman shall be included in the election committee. The names of the election committee’s members and the owners they represent shall be made public no later than six months before the annual general meeting and shall be based on the known ownership immediately before being made public. The mandate of the election committee shall extend until a new election committee is appointed. The chairman of the election committee shall be the member who represents the largest shareholder unless the election committee decides otherwise.
2. If, during the mandate period of the election committee, one or more of the shareholders who appointed members of the election committee no longer belongs to the three largest shareholders, members appointed by these shareholders shall resign, and the shareholder(s) who is/are among the three largest shareholders shall be entitled to appoint their representatives. The obligation to resign assumes however that the shareholder no longer belongs to the three largest shareholders by a margin of one per cent. If any of the incoming shareholders declines to appoint a representative, the next largest shareholder shall be considered. An owner who appoints a representative to the election committee has the right to discharge such representative and appoint a new representative. Any change to the election committee shall be made public.
3. The election committee shall prepare proposals on the following issues to be decided by the annual general meeting.
a. proposal for chairman of the annual general meeting
b. proposal for board of directors
c. proposal for chairman of the board
d. proposal for board member fees and the division between chairman and other board members plus any remuneration for committee work
e. proposal for auditors
f. proposal for fees to the company’s auditors
g. any proposals for changes to the procedure for appointing an election committee.
4. The company shall be responsible for reasonable costs that the election committee considers necessary for it to perform its duties.
Wihlborgs Fastigheter AB (publ)
For further information contact:
Anders Jarl, CEO, +46 40-690 57 10, +46 733-71 17 10
Christer Johansson, Controller and Financial Manager, +46 40-690 57 06, +46 733-71 17 06
Iréne Johansson, Information Manager, +46 40-690 57 21, +46 733-71 17 21
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its stock of properties is located in Malmö, Helsingborg, Lund and Copenhagen.
Wihlborgs is the leading property company in Malmö and Helsingborg.
The properties book value totals SEK 13,4 billion with an annual rental value of SEK 1,2 billion.
Wihlborgs shares are listed on the Stockholm Stock Exchange, Midcap segment.