The AGM of
Due to the Covid-19 pandemic, the AGM was conducted pursuant to a so-called mail-in procedure in accordance with Sec. 20 of the Act (2020:198) regarding 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. The dividend was set at
Board of Directors, Auditors and remuneration to the Directors and the Auditors
The Nomination Committee's proposal that the Board of Directors shall be comprised of eight Board members to be elected by the AGM, 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, Remuneration report and long-term incentive program
The AGM approved the Board of Directors' proposal for principles of remuneration for Group Management. Furthermore, the AGM approved the Board of Directors' proposal for a performance based long-term incentive program for 2021, LTI 2021. The AGM also approved the Remuneration Report.
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 under 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.
Resolution to amend the Articles of Association
The AGM approved the Board of Directors' proposal to amend the Company's articles of Association as follows:
Present wording | New Wording |
The Board of Directors may collect proxies in accordance with the procedure described in Chapter 7, section 4, second paragraph of the Companies Act. The Board of Directors has the right before a shareholders meeting to decide that shareholders shall be able to exercise their voting rights by regular mail before the shareholders meeting. | The Board of Directors may collect proxies in accordance with the procedure described in Chapter 7, section 4, second paragraph of the Companies Act. The Board of Directors has the right before a shareholders meeting to decide that shareholders shall be able to exercise their voting rights by regular mail before the shareholders meeting.Persons who are not shareholders of the company shall, in accordance with terms stipulated by the Board of Directors, be entitled to attend or in some other manner monitor the proceedings of the General Meetings of Shareholders. |
The above information was submitted for publication at
For more information please contact:
+46 702 100 451 or ir@husqvarnagroup.com
https://news.cision.com/husqvarna-ab/r/bulletin-from-the-annual-general-meeting-of-husqvarna-ab--publ-,c3325356
https://mb.cision.com/Main/996/3325356/1401303.pdf
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