Press release
Annual General Meeting of
At the Annual General Meeting and the statutory Board of Directors Meeting of Bergman & Beving AB today, resolutions passed included the following:
Determination of income statement and balance sheet
The Annual General Meeting approved the balance sheet and income statement as well as the consolidated income statement and consolidated balance sheet.
Dividend
The Annual General Meeting approved a dividend of
Discharge the Board of Directors and the President from liability
The Annual General Meeting resolved to discharge the Board of Directors and the President from liability for the administration of the Company for the financial year from
Board of Directors
The meeting approved the Election committee’s proposal that the Board should consist of 6 regular directors.
The Meeting resolved to place
Directors shall be able to invoice their Board fees through a wholly owned Swedish company or private business if current tax legislation allows for invoicing and provided that the Company will not incur any expense. If a director invoices his/her Board fee through a wholly owned company or private business, the fee shall be augmented by an amount equivalent to the statutory social security contributions and value-added tax.
Audit fees shall be paid in accordance with approved invoices.
The current Directors
At the statutory Board meeting, the entire Board was appointed to serve as the Company’s Audit Committee. The Chairman
A presentation of the Board’s Directors is available on the Company’s website at www.bergmanbeving.com.
Auditors
The Annual General Meeting resolved to re-elect the registered accounting firm
Guidelines for remuneration to senior management
The Annual General Meeting resolved to adopt the guidelines for remuneration of the President & CEO and other members of Group management as well as directors to the extent they receive remuneration in addition to Board assignments.
Issuance of call options on repurchased shares and transfer of repurchased shares to executives
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, in deviation from the shareholders’ preferential rights, to offer 26 senior executives in the
The costs of the Programme comprise the subsidy to be paid in
Acquisition and conveyance of treasury shares
The Annual General Meeting resolved in accordance with the Board’s motion to authorise the Board, on one or more occasions during the period until the next AGM, to acquire and divest shares in the Company. The purpose of such repurchases is to be able to adapt the Group’s capital structure and to pay for future acquisitions of businesses and operations using treasury shares. Holdings of treasury shares are also used to secure the Company’s obligations under the share-based incentive programmes adopted at the 2017, 2018, 2019 and 2020 AGMs.
Acquisitions are to be carried out on Nasdaq Stockholm at a price that is within the registered price range at any given time, meaning the range between the highest purchase price and the lowest selling price. Acquisitions of own shares are limited so that the Company’s total holding of treasury shares at no time exceeds 10 percent of the total number of shares in the Company.
Divestments of the Company’s treasury shares may be carried out with or without preferential rights for shareholders but may not be carried out on Nasdaq Stockholm. Divestments may be carried out to finance acquisitions of businesses or operations.
At the ensuing statutory Board meeting, the Board resolved to be able to exercise the mandate it had received from the AGM to repurchase shares in the Company.
Changes to the Articles of Association
The Annual General Meeting resolved in accordance with the Board’s motion to change the Articles of Association.
Information about the Annual General Meeting
Further information about the Annual General Meeting is available on the Company’s website under: Corporate governance/General Meetings of Shareholders.
Next report
The Interim Report for the period 1 April -
BOARD OF DIRECTORS
Contact information
Peter Schön,
This information is information that
Attachment
- 20200826_Bergman_Beving_pressrelease_årsstämma 2020_eng
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