Report from the Annual General Meeting of Rejlers AB (publ) on 25 April 2024
At the annual general meeting (the “AGM”) of Rejlers AB (publ), reg. no 556349-8426, (the “Company”), on 25 April 2024 the AGM adopted, inter alia, the following resolutions. For more detailed information regarding the contents of the resolutions, please refer to the notice to the AGM and the complete proposals, which have previously been published and are available on the Company’s website, www.rejlers.com.
Adoption of the balance sheet and income statement, disposition regarding the Company’s results and discharge from liability etc.
The AGM adopted the Company’s balance sheet and income statement and consolidated income statement and consolidated balance sheet.
The AGM resolved, in accordance with the board of directors’ proposal, that of the funds at the disposal of SEK 778,443,843 to the Annual General Meeting, a total of SEK 99,480,821 shall be paid to the shareholders in dividends, of which a total of SEK 7,871,625 shall be paid to holders of Class A shares and SEK 91,609,196 shall be paid to holders of Class B shares, and that the remaining of SEK 678,963,022 shall be carried forward. Accordingly, a dividend of SEK 4.50 per share, regardless of Class, was resolved and the record date for receipt of the dividend was resolved as Monday, 29 April 2024. It was noted that the dividend is estimated to be paid through the care of Euroclear Sweden AB on Friday, 3 May 2024.
The AGM also discharged the board members and the CEO from liability for the financial year 2023.
The AGM resolved to approve the board of directors’ remuneration report for 2023.
Remuneration to the board of directors and auditor
The AGM decided that remuneration to the board of directors for the upcoming mandate period shall be payable in an amount of SEK 2,300,000. The remuneration is distributed so that the chairman of the board of directors shall receive SEK 700,000, the vice chairman shall receive SEK 400,000 and other meeting-elected members shall receive SEK 300,000 each. Furthermore, it was resolved that for committee work, a maximum of SEK 330,000 shall be allocated and distributed as follows: For members of the board of directors’ audit committee, remuneration for the mandate period shall be payable in an amount of SEK 100,000 to the chairman of the audit committee and SEK 60,000 to each of the other board of directors’ members in the audit committee and for the members of the board of directors’ remuneration committee, remuneration for the mandate period shall be payable in an amount of SEK 50,000 to the chairman of the remuneration committee and SEK 30,000 to each of the other board of directors’ members in the remuneration committee.
The AGM decided that remuneration to the auditor shall be paid according to approved invoice.
Election of board members and auditor
The AGM resolved that the board of directors shall consist of six (6) ordinary board members without deputies. For the period until the end of the next annual general meeting the AGM re-elected the current board members Peter Rejler, Jan Samuelsson, Patrik Boman, Lisa Rejler and Peter Johansson. Susanne Blanke was elected as new board member. Furthermore, it was resolved to re-elect Peter Rejler as chairman of the board of directors and Jan Samuelsson as vice chairman of the board of directors.
A presentation of the members of the board of directors is available on the Company’s website.
The AGM resolved to re-elect the registered audit company Ernst & Young AB as auditor for the period until the end of the next annual general meeting. Ernst & Young AB has informed that authorised public accountant Åsa Lundvall will remain as auditor in charge.
Resolution regarding amendment of guidelines for remuneration to senior executives
The AGM resolved to amend the guidelines for remuneration to senior executives in accordance with the board of directors’ proposal, entailing that, in addition to certain editorial changes, the limit for extraordinary remuneration is changed from 65% of the fixed annual salary, together with the variable remuneration, to 100% of the fixed annual salary.
Resolution on amendment of the articles of association
The AGM resolved, in accordance with the board of directors’ proposal, to amend the limits of the shares and share capital and to make certain additional editorial amendments to the articles of association.
Resolution on authorisation for the board of directors to decide on acquisition and transfer of own shares
The AGM resolved to authorise the Company’s board of directors to decide on the acquisition of own Class B shares mainly as follows.
Acquisitions may take place on Nasdaq Stockholm or in accordance with an acquisition offer to all shareholders of a maximum number of Class B shares such that the own holdings do not at any time exceed ten (10) per cent of all shares in the Company. Acquisitions of Class B shares on Nasdaq Stockholm may only take place at a price within the price interval registered at all times on Nasdaq Stockholm and acquisitions in accordance with an acquisition offer shall take place at a price corresponding to the market price at the time of the offering at the lowest with a maximum deviation of a 20 per cent increase. The authorisation may be used on one or more occasions, although until the 2025 Annual General Meeting at the longest.
The AGM resolved to authorise the Company’s board of directors to decide on the transfer of own Class B shares mainly as follows.
Transfer of Class B shares may only take place outside Nasdaq Stockholm, with or without preferential rights for the shareholders and with or without provisions in kind or a right of offset. Such transfer may take place at a price in money or value on received property that matches the market price at the time of the transfer on the shares transferred with the deviation that the board of directors finds suitable. The number of Class B shares that may be transferred shall amount to a maximum of ten (10) per cent of the total number of shares in the Company. Transfer in connection with business acquisition may take place at a market value assessed by the board of directors. The authorisation may be used on one or more occasions, although until the 2025 Annual General Meeting at the longest.
Authorization for the board of directors to decide on new share issues
The AGM resolved to authorise the board of directors, on one or more occasions until the next Annual General Meeting, with or without deviation from the shareholders' preferential rights, to decide on a new share issue of a total number of Class B shares corresponding to a maximum dilution of ten (10) per cent at the time of the Board’s first resolution under the authorisation. Payment shall be able to be made in cash, in kind, by offset or otherwise in accordance with terms.
For further information, please contact:
Peter Rejler, Chairman of the Board, +46 (0)70 602 34 24, [email protected]
Anna Jennehov, CFO, +46 (0)73 074 06 70, [email protected]
Malin Sparf Rydberg, Director of Communications, +46 (0)70 477 17 00, [email protected]
This information is such that Rejlers AB (publ) is obliged to make public pursuant to Nasdaq Stockholm’s Rule Book for Issuers. The information was made public through the care of the Chairman of the Board Peter Rejler, at 18.00 CEST on 25 April 2024.
About Rejlers
Rejlers is one of the leading engineering consultancy firms in the Nordic region. With cutting-edge expertise, we help companies, public authorities and other organisations meet tomorrow's societal challenges. Our services are important building blocks for achieving a sustainable society. Founded in 1942, Rejlers success is built on the ability to constantly embrace new knowledge. Our vision "Home of the learning minds" guides us to continuous learning, development and growth. With operations in Sweden, Finland, Norway and the United Arab Emirates, Rejlers has 3200 experts in technology areas such as energy, industry, infrastructure and real estate. In 2023, the company had a turnover of 4.1 billion SEK and its class B share is listed on Mid Cap, Nasdaq Stockholm.