The AGM of
The AGM was held in accordance with Sec. 20 of the Act (2020:198) with temporary exceptions to facilitate the holding of annual general meetings (Sw. lagen (2020:198) om tillfälliga undantag för att underlätta genomförandet av bolags- och föreningsstämmor). Shareholders participated in the meeting by voting or submitting questions in advance on the proposals at the AGM.
Adoption of the Income Statements and Balance Sheets, dividend and discharge of liability
The Income Statements and Balance Sheets were adopted, together with the Board of Directors' proposal for dealing with the Company's profit. In accordance with the Board Proposal no dividend for financial year 2019 was adopted (a deviation from the proposal in the Annual Report). The Board of Directors and the President and CEO were discharged from liability for the financial year 2019.
Board of Directors and remuneration to the Directors and the Auditors
The Nomination Committee's proposal that the Board of Directors shall comprise of eight Board members to be elected by the AGM, and no deputies, was adopted.
The AGM approved the Nomination Committee's proposal regarding remuneration to the Board of
The AGM approved the Nomination Committee's proposal to elect
Principles for remuneration and long-term incentive program
The AGM approved the Board of Directors' proposal for principles for remuneration to Group Management. Furthermore, the AGM approved the Board of Directors' proposal for a performance based long-term incentive program for 2020, LTI 2020.
Equity swap arrangements to hedge obligations in accordance with approved incentive programs
The AGM resolved to authorize the Board to decide on one or more occasions, until the next AGM, to direct the company to enter into one or more equity swap arrangements where a third party in its own name acquires Husqvarna B shares on terms consistent with market practice. The purpose is to secure the company's obligations due to adopted incentive programs.
Authorization for new share issue
The AGM authorized the Board to approve the issue of not more than approximately 57.6 million new B-shares against payment in kind, on one or more occasions during the period up to the next AGM. The price for the new shares shall be based on the market price of the Husqvarna B-share. The purpose of the authorization is to facilitate acquisitions for which payment will be made in own shares.
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https://news.cision.com/husqvarna-ab/r/bulletin-from-the-annual-general-meeting-of-husqvarna-ab--publ-,c3142817
https://mb.cision.com/Main/996/3142817/1270412.pdf
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