The annual general meeting of
Dividend
The AGM approved the Board’s proposal to pay a dividend of
Members of the Board
Re-elected to the Board were Georg Brunstam, Gerteric Lindquist,
Auditors
Adoption of the income statement and balance sheet and discharge from liability
The AGM adopted the consolidated and parent income statements and balance sheets and discharged the Board and CEO from liability for the 2020 financial year.
Fees to the Board of Directors and auditors
The AGM agreed on Board and audit fees as follows: Fees to the Board amount to a total of
Amendment of the Articles of Association and share split
The AGM approved the Board’s proposal on a share split, whereby one (1) existing share would be split into four (4) shares. The share split means that a share’s quota value will decrease from
To facilitate the share split, the AGM also approved a change to section 5 of the company’s Articles of Association to read: The number of shares shall be minimum one billion six hundred million (1,600,000,000) and maximum three billion two hundred million (3,200,000,000).
Mandate for the Board to issue new shares in conjunction with acquisitions
It was decided at the AGM to authorise the Board of Directors of
The Board’s guidelines on remuneration and other terms of employment for senior executives The AGM approved the Board’s proposal that senior executives shall, as an incentive, be entitled to a variable salary component that is payable if set targets are achieved. The variable component shall be restricted to four months’ salary. The possibility also exists to receive an additional month’s salary on condition that this additional payment plus another monthly salary paid as a variable bonus is used to purchase NIBE shares. A further condition for entitlement to receive this additional month’s remuneration is that the shares thus purchased are retained for at least three years. Under normal circumstances, shares acquired in this way shall be purchased on one occasion each year in February/March and the purchase shall be subject to the relevant market abuse regulations. No incentive programme is offered to the CEO. The Board may depart from these guidelines if there are specific reasons for doing so in an individual case.
For more information: Gerteric Lindquist, CEO and
Since its beginnings in the town of Markaryd in the province of Småland nearly 70 years ago, NIBE has grown into an international company with an average of 18,700 (17,000) employees and a global presence. From the very start, the company has been driven by a strong culture of entrepreneurship and a passion for responsible business operation. Its success factors are long-term investments in sustainable product development and strategic acquisitions. Combined, these factors have brought about strong, targeted growth, which generated sales of just over
NIBE has been listed under the name
Attachment
- PM-ENG-AGM-2021
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