At the AGM held on Wednesday Peab's shareholders adopted the income statement and balance sheet, decided disposition of the company's profits, election of, and remuneration to, the Board of Directors and auditor as well as election of the Nomination Committee. The AGM also authorized the Board to decide on issues and transfers of shares and adopted Peab's new Remuneration Policy and changes in the articles of association.
The AGM approved the Board's revised proposal to not distribute a dividend for the financial year of 2019 due to the uncertainty created by the spread of coronavirus.
The AGM adopted the company and Group balance sheet and income statement for 2019 and discharged the Board members and the CEO from liability.
In accordance with the proposal of the Nomination Committee the AGM decided the Board would be expanded to nine instead of eight ordinary members elected by the AGM. The AGM reelected
Remuneration to the Chairman of the Board of Directors was set at
According to the Audit Committee's proposal the auditor reelected until the end of the AGM 2021 was the registered accounting company
The AGM adopted the Nomination Committee's proposal that the Nomination Committee consists of a representative for each of the three shareholders with the largest number of votes according to the share register per
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
The AGM authorized the Board of Directors, during the period up to the next AGM, to decide to transfer, on
The AGM adopted the Board's proposed new Remuneration Policy. The new Remuneration Policy was drawn up in order to fulfill the changes in legal requirements and the Swedish Code of Corporate Governance. The Remuneration Policy will be reviewed by the AGM as needed, however no later than in four years.
The AGM also adopted the Board's proposed changes in the articles of association. The adopted changes are in part adjustments to changes in legislation the articles of association refer, or are related, to and in part language modernization.
For further information, please contact:
Juha Hartomaa, Head of Investor Relations Peab, cell: +46 725-33 31 45
Peab is a leading Nordic construction and civil engineering company with about 16,000 employees and about SEK 55 billion in net sales. The Group has strategically placed offices in
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