Information from the Prevas Annual General Meeting 2024

Prevas AB’s Annual General Meeting took place on Wednesday May 15th 2024 at Prevas headquarters in Västerås. The Annual General Meeting voted in agreement with all the proposals submitted by the Board of Directors and the Nominating committee as stated in the previously published announcement.

The following major decisions were taken at the Annual General Meeting:

The Parent Company and Group’s statement of operations and balance sheet were adopted and approved and the decision taken to discharge the Board of Directors and the Chief Executive Officer of liability.

The Annual General Meeting decided, in accordance with the Board’s proposal, that a dividend of SEK 4.75 per share be paid for the 2023 financial year. The reconciliation day for the dividend was set for May 17th 2024 and it is estimated that it will be paid out through Euroclear Sweden AB on May 22th 2024.

The Annual General Meeting decided, in accordance with the Nomination committee’s proposal, that the Board should consist of seven Directors elected by the Annual General Meeting. The Annual General Meeting decided to re-elect Johan Strid, Christer Parkegren, Pia Sandvik, Ebba Fåhraeus, Robert Demark and Christer Wallberg and new election of Magnus Lundin as board member. Christer Parkegren was re-elected as Chairman of the Board. The Annual General Meeting also decided to re-elect the auditing company Ernst & Young AB, with Per Modin as head auditor.

The Annual General Meeting decided, in accordance with the Nomination committee’s proposal, that remuneration to the Board for the coming mandate should amount to SEK 440,000 for the Chairman and SEK 220,000 to each of the other Directors appointed by the AGM, and not employed by the Company. Auditing fees are paid on invoice, as approved by the Company.

The Annual General Meeting decided, in accordance with the Board’s proposal, to approve the remuneration report.

The Annual General Meeting decided, in accordance with the Board’s proposal, to authorize the Board to take decision regarding new issue of a maximum of 1,273,689 B shares, which corresponds to approximately 10 percent of all shares in the company. New issues of shares shall occur with or without deviation from the shareholders' preferential right, for cash payment or under regulations for non-cash or offset or otherwise with conditions.

The meeting decided, in accordance with the Board's proposal, to authorize the board on one or more occasions during the period until the next annual general meeting, to decide on acquiring a maximum of such a number of own B-shares that the company after acquisition holds a maximum of 10 percent of all shares in the company.

The Annual General Meeting decided, in accordance with the Board's proposal, to introduce an incentive program in the form of an incentive program (LTI 2024/2027) covering senior executives in the Prevas group. In total, the program is estimated to comprise a maximum of 500,000 warrants. Each subscription warrant gives the holder the right to subscribe for a new B share in the company equivalent to an amount of 130 percent of the volume-weighted average price of the company's share during a period of 21 trading days between April 15, 2024 and May 15, 2024. The subscription warrant shall be transferred at market terms at a price (premium) determined based on a calculated market value for the subscription warrant using a generally accepted valuation model (Black & Scholes). Subscription of shares with the support of the subscription warrant may take place during a period of one month from the date of publication of the interim report for the period July 1 to September 30 of 2027, but no later than two weeks from November 30, 2027.

The Annual General Meeting decided, in accordance with the Board's proposal, on guidelines for remuneration to senior executives.

Announcement of the Annual General Meeting and proposals for decisions are available at https://www.prevas.se/arsstamma.