Annual General Meeting 2022

At the Annual General Meeting (AGM) of Corem Property Group AB on 27 April 2022 the following decisions were made, among others.

Dividend

The AGM decided in accordance with the Board of Directors’ proposal of a dividend of SEK 0.40 per ordinary share of Class A and Class B and SEK 20.00 per ordinary share of Class D and preference share for the 2021 financial year.

The dividend amount of in total SEK 0.40 per ordinary share of Class A and Class B shall be distributed in four equal instalments of SEK 0.10 each. The dividend amount of in total SEK 20.00 per ordinary share of Class D and preference share shall be distributed in four equal instalments of SEK 5.00 each.

The record days for payment of dividends on ordinary shares and preference shares shall be;

• 30 June 2022, with expected payment date 5 July 2022,
• 30 September 2022, with expected payment date 5 October 2022,
• 30 December 2022, with expected payment date 4 January 2023,
• 31 March 2023, with expected payment 5 April 2023.

Board of Directors and auditors

The AGM decided that the number of directors in the Board of Directors shall increase from five to six directors.

The AGM decided that for the period until the end of the next AGM, Patrik Essehorn, Christina Tillman, Fredrik Rapp, Katarina Klingspor and Magnus Uggla shall be re-elected as directors, and also decided on new election of Christian Roos as director. Patrik Essehorn was elected as chairman of the Board of Directors.

The AGM decided that the number of auditors shall remain unchanged with one auditor.

The AGM decided on re-election of the registered public accounting firm Ernst & Young Aktiebolag until the end of the next AGM, with the authorised public accountant Katrine Söderberg as the main responsible auditor.

Furthermore, the AGM decided that the remuneration of the board shall amount to SEK 550,000 for the chairman and SEK 300,000 for each of the other directors.

Remuneration report

The AGM approved the Board of Directors‘ remuneration report in accordance with Chapter 8, Section 53 a of the Swedish Companies Act.

Election Committee

The AGM decided, in accordance with the Election Committee’s proposal, which – among others – means that the Election Committee shall be increased by one member to five (5) members, of which one (1) member shall be the chairman of the Board of Directors. The chairman of the Board of Directors shall contact the four (4) largest shareholders in the company as per the last day for share trading in August each year. If one of the four largest shareholders do not wish to appoint a member to the Election Committee, the largest shareholder who has not been asked to appoint a representative to the Election Committee shall be asked to do so, and so forth. The Election Committee will appoint a chairman for itself, who cannot be a director of the Board.

Proposal for exchange offer

In the notice to the AGM, the Board of Directors proposed a redemption offer, in which holders of preference shares in the company shall be offered to redeem preference shares in exchange for newly issued of ordinary shares of Class D.

In a press release on 26 April 2022, The Board of Directors proposed that the AGM does not vote in accordance with the previously submitted proposal for the exchange offer.

The AGM decided, in accordance with the proposal communicated by the Board of Directors on 26 April, to not vote in accordance with the previously submitted proposal for the exchange offer.

Authorisation for new issues

The AGM decided in accordance with the Board of Directors’ proposal to authorise the Board of Directors to decide on new issues of shares.

Authorisation to acquire and transfer the company’s own shares

The AGM decided in accordance with the Board of Directors’ proposal to authorise the Board of Directors to decide on acquiring and transfer the company’s own shares.

Changes to the Articles of Association

The AGM decided in accordance with the Board of Directors proposal of changes to the Articles of Association.

 

Related documents for AGM

• Notice of AGM
• Notification of attendance and form for postal voting
• Form of proxy
• Proposed agenda Corem
• The Election Committee’s report, proposals for resolutions, and reasoned opinion
• Item 8 – The Board of Directors’ proposals for resolutions regarding allocation of the company’s profits and record days
• Item 8 – The Board of Directors’ reasoned opinion according to Chapter 18, Section 4
• Item 14 – The Board of Directors’ proposals on resolutions regarding a) Reduction of the company’s share capital through redemption of preference shares and b) Authorisation for the board of directors to increase the share capital through a new issue of ordinary shares of class d to holders of redemption claims against payment by set-off
• Item 14 – The Board of Directors’ report according to chapter 20, section 13 of the Swedish companies act
• Item 14 – The Board of Directors’ statement according to chapter 20, section 8 of the Swedish companies act
• Item 15 – The Board of Directors’ proposal regarding authorisation for the Board of Directors to resolve on new issues
• Item 16 – The Board of Directors’ proposal to authorise the Board of Directors to acquire and transfer the companys own shares
• Item 16 – The Board of Directors’ reasoned opinion according to Chapter 19 Section 22 of the Swedish Companies Act
• Item 17 – The Board of Directors’ proposed resolution to amend the articles of association
• Item 17 – new Articles of Association