Due to the current situation as a result of the corona pandemic, the meeting was carried out by advance voting only (postal voting) with the support of temporary legislation.
Adoption of income statements and balance sheets
The meeting adopted the income statements and the balance sheets for the Company and the Group for the financial year 2020.
Dividend
The meeting resolved that no dividend should be paid and that available funds is carried forward to a new account.
Discharge from liability
The meeting granted the board members as well as the CEOs discharge from liability for the financial year 2020.
Fees for the Board members and auditor
The meeting decided that the following fees shall be paid to the board members:
The Board
The meeting decided that the number of board members elected shall be six and re-elected the board members
Auditors
The meeting decided that the Company shall have a chartered auditing firm as auditor and re-elected
Remuneration report for 2020
The meeting approved the Board's remuneration report for 2020.
Long-term share-based incentive programme
The meeting resolved to establish a long-term share-based incentive programme - performance-based Share Savings Scheme 2022 - in accordance with the Board's proposal.
Share Savings Scheme 2021
Approximately 35 senior executives and other key employees in the group will be offered participation in the performance-based Share Savings Scheme 2021.
Participation in the Share Savings Scheme 2021 requires that participants with their own funds invest in Class B shares in the Company ("Savings Shares") at market price on Nasdaq Stockholm for an amount corresponding to a maximum of 4.2 percent to 12.5 percent of the respective participant's annual fixed base salary for 2021. If the Savings Shares are retained during the established three-year vesting period, which runs from
The total cost is estimated to MSEK 6.9 excluding social security charges, based on the assumptions stated in the proposal and the costs for social contributions are estimated to amount to a maximum of approximately MSEK 2.2. The costs for the Share Savings Scheme 2021, including social security contributions, amounts to approximately one percent of the Company´s total costs for salaries and remuneration based on stated assumptions.
Authorization for the Board to resolve on acquisitions and transfer of shares
The meeting resolved in accordance with the Board's proposal to authorize the Board, during the period from
Furthermore, the meeting resolved to authorize the Board, during the period up until to the next annual general meeting, on one or more occasions, to decide to transfer a maximum of 230,800 Class B shares in the Company to enable hedging of costs (including social security costs) and delivery in connection with the implementation of the Company's Share Savings Scheme 2021 other share-based incentive programmes decided by the annual general meeting. Transfer shall take place on Nasdaq Stockholm and at a price per share of Class B at each time within the registered price interval. Transfer of shares may also take place outside Nasdaq Stockholm to a bank or other financial institution, with deviation from the shareholders' preferential rights.
Transfer of own shares
The meeting further resolved, in accordance with the Board's proposal, on transfer of a maximum of 315,000 Class B shares in the Company (or the higher number of Class B shares that may result from recalculation according to the terms) to participants in the Share Savings Scheme 2021 which, under the terms, are entitled to receive allotment of Class B shares.
Authorization for the Board to decide on new issues of Class B shares
The meeting resolved to authorize the Board to, with or without deviation from the shareholders' preferential right, on one or more occasions during the time until the next meeting, decide on new issues of Class B shares in the Company. The authorization includes shares of Class B corresponding to a maximum of ten (10) percent of the total number of issued Class B shares in the Company.
Amendment of the Articles of Association
The meeting resolved to amend the Article of association by adding a new paragraph that enables the Board to collect proxies and approve postal voting prior a general meeting.
Complete proposals and decisions
The meeting approved all of the proposals presented by the Board and the nominating committee. The proposals are available in the previously published notice to attend the meeting and the decisions in the minutes of the meeting, which will be published at the Company's website. This document has been prepared in Swedish and translated into English. In the event of any discrepancies between the Swedish and the translation, the former shall take precedence.
For further information please contact:
Mobile: +46 10-516 00 00
E-mail: per-arne.gustavsson@pe.se
Mobile: +46 70 779 58 98
E-mail: arvid.linder@pe.se
About PE
PE is one of
https://news.cision.com/projektengagemang/r/resolutions-at-projektengagemang-s-annual-general-meeting-5-may-2021,c3341420
https://mb.cision.com/Main/13544/3341420/1413400.pdf
(c) 2021 Cision. All rights reserved., source