Press release from annual general meeting of Stendörren Fastigheter AB (publ) on 23 May 2024

Press release

23 May 2024

At the annual general meeting today of Stendörren Fastigheter AB (publ) (the “Company”), the shareholders resolved mainly on the following points in accordance with the presented proposals.

Adoption of the consolidated statement of comprehensive income and consolidated statement of financial position of 2023 and discharge from liability

The annual general meeting adopted the Company’s consolidated income statement and the consolidated balance sheet, and the income statement and the balance sheet of 2023. The annual general meeting resolved that the Company’s available funds shall be carried forward and that no dividend shall be paid to the shareholders. The annual general meeting resolved to discharge the board of directors and the CEO from liability for the administration of the Company for the financial year 2023.

Election of board members, auditors, and fees to the board of directors and auditors

The annual general meeting resolved that the board of directors, for the time until the next annual general meeting, shall consist of six ordinary members without deputies, and that the Company shall have one auditor which shall be a registered accounting firm.

Seth Lieberman, Helena Levander, Andreas Philipson and Carl Mörk were re-elected and Roniek Bannink and Joakim Rubin were newly elected, as board members for the time until the end of the next annual general meeting. Andreas Philipson was re-elected as chair of the board of directors. BDO Mälardalen AB was re-elected as the Company’s auditor and it was noted that the authorised public accountant Johan Pharmanson will be the auditor in charge for the period until the end of the next annual general meeting.

The annual general meeting resolved that fees to the members of the board of directors shall be paid with SEK 520,000 to the chair of the board of directors, with SEK 260,000 to each other member of the board of directors, with SEK 80,000 to the chairman of the audit committee and SEK 30,000 to each other member of the audit committee as well as with SEK 60,000 to the chairman of the remuneration committee and SEK 20,000 to each of the other members of the remuneration committee. Roniek Bannink and Joakim Rubin, who are employed by EQT, will waive their board fee for the time until the next annual general meeting.

It was resolved that the fee to the auditors shall be paid in accordance with approved invoice.

Resolution regarding principles for appointing the nomination committee

The annual general meeting resolved on principles for appointment of a nomination committee in accordance with the nomination committee’s proposals, meaning, inter alia, that the nomination committee shall consist of three members appointed by the three largest shareholders in terms of votes as of 31 August 2024, where each such shareholder is entitled to appoint one member, and that the chairman of the board of directors shall be a co-opted member of the nomination committee.

Resolution on remuneration report

The annual general meeting resolved to approve the board of directors’ remuneration report.

Resolution to authorize the board of directors to issue shares, warrants and/or convertibles

The annual general meeting authorized the board of directors to, up until the next annual general meeting, on one or several occasions, with or without deviation from the shareholders’ preferential rights, with cash payment or payment through set-off or in kind, or otherwise with conditions, resolve to issue shares of class A or B, convertibles for shares of class A or B or warrants for shares of class A or B, as well as preferential shares. However, a share issue with deviation from the shareholders’ preferential rights may not result in an increase of the number of shares in the company by more than a total of 10 percent calculated on the basis of the number of shares when the board of directors exercises the issuance authorisation for the first time. If the board of directors resolves on a share issue without preferential rights for the shareholders, the reason shall be to be able to broaden the ownership circle, to acquire or to enable the acquisition of working capital, to increase the liquidity of the share, to carry out company acquisitions or to acquire or to enable the acquisition of capital for company acquisitions. In the event of such deviation from the shareholders' preferential rights, the issue must be carried out on market terms and conditions.

For more information, please contact:

Erik Ranje, CEO, +46 (0)70-308 52 09, [email protected]  or

Per-Henrik Karlsson, CFO, +46 (0)72-158 70 92, [email protected]
 

Stendörren Fastigheter AB (publ)

Stendörren Fastigheter AB (publ) is an expansive property company listed on Nasdaq Stockholm Mid Cap. Our business concept is to create profitable growth in net asset value by managing, developing and acquiring properties and building rights within logistics, warehouse and light industry in Nordic growth regions. When commercially viable, we rezone such existing properties and thereby create residential building rights for further development and management, mainly in Greater Stockholm and the rest of the Mälardalen region.

For more information about Stendörren Fastigheter AB (publ), see: http://www.stendorren.se/en/