At Bufab’s Annual General Meeting (AGM) which was held today on
Adoption of the income statements and balance sheets and resolutions on appropriation of the company's profit and discharge from liability
The income statements and balance sheets for the company and the group were adopted, together with the Board of Directors` proposal for appropriation of the company's profit. The dividend was determined to
Board of Directors, remuneration to the Board members and auditor
In accordance with the Nomination Committee's proposal, the AGM resolved that the Board of Directors shall consist of seven members elected by the meeting and no deputies. The AGM further resolved, in accordance with the Nomination Committee’s proposal, that the fees to the Board members shall amount to
In accordance with the Nomination Committee’s proposal, the AGM resolved on re-election of the Board members
The AGM resolved in accordance with the Nomination Committee’s proposal, for the period up to and including the Annual General Meeting 2026, on re-election of Öhrlings
Remuneration report
The AGM approved the Board of Directors’ report regarding compensation pursuant to Chapter 8, Section 53 a of the Swedish Companies Act.
Share split and amendment to the Articles of Association
In accordance with the Board of Directors’ proposal, the AGM resolved on a share split and an amendment to the Articles of Association. The share split means that the number of shares will increase by dividing each existing share into five shares, which means that the number of shares in the company will increase from 38,110,553 to 190,552,665 shares. The share split also means that the quota value of the share will change from approximately
The amendment to the Articles of Association means that the limits for the number of shares in accordance with § 4 of the Articles of Association are adjusted so that the share capital shall amount to a minimum of
Furthermore, the Board of Directors was authorised to determine the record date for the share split. When the Board of Directors has resolved on the record date, it will be announced through a separate press release.
Long-term share based incentive program
In accordance with the Board of Directors’ proposal, the AGM resolved to adopt a long-term share based incentive program by way of a performance-based share savings programme for the CEO, senior executives and certain other key employees within the group.
The programme shall comprise a maximum of 516,547 shares, corresponding to approximately 0.19 percent of the total number of outstanding shares in the company. Participation in the programme requires a personal investment by the participants in so-called investment shares, where the possible investment amount depends on which participation category the participant belongs to. The programme contains two performance targets: (1)
To ensure
Authorisation to transfer shares in the company
In accordance with the Board of Directors’ proposal, the AGM resolved to authorise the Board of Directors to, on one or more occasions during the period up until the next Annual General Meeting, resolve upon transfer of the company’s own shares.
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