At the annual general meeting in
Approval of income statement and balance sheet for the financial year 2019/2020 and discharge from liability
The annual general meeting approved the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year 2019/2020, and the members of the board and the managing directors were discharged from liability for the financial year 2019/2020.
Allocation of profit or loss
The annual general meeting resolved, in accordance with the board's proposal, that the funds at the meeting's disposal consisting of the profit of the year,
Election of board members, auditors, fees to the board of directors and auditors
The annual general meeting resolved, in accordance with the nomination committee's proposal, that the number of members of the board of directors shall be seven without deputy members, and that the company shall have one auditor, with no deputies.
In accordance with the nomination committee's proposal,
The annual general meeting further resolved, in accordance with the nomination committee's proposal, that the fees to board shall be
Guidelines for remuneration for members of management
The annual general meeting resolved to adopt guidelines for remuneration of members of management in accordance with the board's proposal. In short, the guidelines state that remuneration to members of management of Internationella Engelska Skolan should offer overall compensation at market level that enables the hiring and retention of qualified senior managers. Compensation within Internationella Engelska Skolan should be based on principles of performance, competitiveness and fairness. There will be no variable compensation.
Authorisation to issue new shares
In light of the company's upcoming de-listing from Nasdaq Stockholm, the annual general meeting resolved against the board's proposal to authorise the board to resolve to increase the company's share capital by new share issues.
Authorisation to repurchase and transfer the company's own shares
In light of the company's upcoming de-listing from Nasdaq Stockholm, the annual general meeting resolved against the board of directors' proposal to authorise the board of directors to repurchase and transfer the company's own shares.
Additional information from the annual general meeting
Minutes from the annual general meeting will be made available on Internationella Engelska Skolan's website no later than two weeks after the annual general meeting.
For more information, please contact:
Tel: +46 768 511 540
e-mail: emma.rheborg@engelska.se
The information was submitted for publication, through the agency of the above contact, on
About Internationella Engelska Skolan
Internationella Engelska Skolan, IES, is one of the leading free school operators in
Internationella Engelska Skolan was founded in 1993 and is in its 28th year of operation. Throughout this period, its schools have been defined by the three core convictions of its founder, Mrs. Barbara Bergström:
· A safe and orderly environment, where teachers can teach and students learn.
· To command the English language − the key to the world.
· High academic expectations and aspirations.
Up to half of the education in IES schools in
IES's student base is in growing strongly. Over the past ten years, total operating income has increased by an average of 20% per year. In the most recent financial year 2019/20, which concluded on
Internationella Engelska Skolan has been listed on Nasdaq Stockholm Mid Cap since 2016.
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