Bulletin from Hemnet Group AB (publ)'s annual general meeting 2022

The annual general meeting of Hemnet Group AB (publ), held on Friday 29 April 2022 in Stockholm, resolved in all parts in accordance with the board of directors' and the nomination committee's proposals to the annual general meeting.

Adoption of balance sheets and income statements
The annual general meeting approved the balance sheets and income statements of the parent company and the group for the financial year 2021.

Dividend
In accordance with the board of directors' proposal, the annual general meeting resolved on a dividend to the shareholders of SEK 0.55 per share for the financial year 2021. The annual general meeting resolved that the record date for the dividend will be Tuesday 3 May 2022. The dividend is expected to be paid through Euroclear Sweden AB on Friday 6 May 2022.

Remuneration report
The annual general meeting approved the remuneration report presented by the board of directors.

Board of directors
The board members and the CEO were discharged from liability for the financial year 2021.

The annual general meeting resolved that the number of board members shall be eight and re-elected, in accordance with the nomination committee's proposal, the board members Håkan Erixon, Chris Caulkin, Pierre Siri, Anders Edmark, Håkan Hellström, Tracey Fellows and Nick McKittrick. Maria Redin was elected as a new board member, in accordance with the nomination committee's proposal.

The board member Kerstin Lindberg Göransson had informed the nomination committee that she did not wish to be re-elected.

The annual general meeting elected Håkan Erixon as chair of the board of directors.

Fees to the board of directors
The annual general meeting resolved that fees to each board member shall amount to SEK 350,000 annually and that fees to the chair of the board shall amount to SEK 850,000 annually. Furthermore, the annual general meeting resolved that fees to each member of the audit committee shall amount to SEK 75,000 annually and fees to the chair of the audit committee shall amount to SEK 150,000 annually. Fees to each member as well as to the chair of the remuneration committee shall amount to SEK 75,000 annually.

Auditor
The annual general meeting resolved, in accordance with the nomination committee's proposal, that the registered auditing firm Ernst and Young Aktiebolag shall be re-elected as the company's auditor for the period until the end of the annual general meeting 2023.

Instruction for the nomination committee
The annual general meeting resolved, in accordance with the nomination committee's proposal, to adopt an updated instruction for the nomination committee.

Authority for the board of directors to issue new shares
The annual general meeting resolved, in accordance with the board of directors' proposal, to grant the board of directors the authority, on one or more occasions, for the period until the next annual general meeting, to resolve on issues of new shares, either applying or disapplying shareholders' pre-emption rights. The number of shares issued by virtue of the authority may not exceed an increase of ten (10) percent of the share capital based on the total share capital of the company on the date of the annual general meeting 2022.

Guidelines for remuneration to senior executives
The annual general meeting resolved, in accordance with the board of directors' proposal, to adopt updated guidelines for remuneration to the company's senior executives.

Adoption of a long-term warrant program and resolution regarding issue of warrants (Warrant Program 2022/2025)
The annual general meeting resolved, in accordance with the board of directors' proposal, on the adoption of a long-term warrant program for key employees in Hemnet Group AB (publ). The annual general meeting resolved, in relation to the Warrant Program 2022/2025, to issue not more than 533,000 warrants. Furthermore, the annual general meeting resolved to approve the transfer of not more than 344,000 warrants to participants in the Warrant Program 2022/2025 as well as to approve the transfer of not more than 189,000 additional warrants to additional participants.

Adoption of a long-term share savings program (Share Savings Program 2022/2025)
The annual general meeting resolved, in accordance with the board of directors’ proposal, on the adoption of a long-term share savings program directed to all employees of Hemnet Group AB (publ) and its subsidiaries. Participation in the Share Savings Program 2022/2025 requires that the participant acquires and holds shares in Hemnet Group AB (publ) during a three years long vesting period as well as remains employed during the vesting period. Two acquired savings shares entitle the participant, after the end of the vesting period, and provided continued employment during the vesting period, to receive, without consideration, one matching share in Hemnet Group AB (publ).

In order to ensure the delivery of shares in accordance with the Share Savings Program 2022/2025, the annual general meeting resolved to authorise the board of directors to acquire own shares on Nasdaq Stockholm and resolved also on the transfer of own shares to the participants in the program. At maximum participation, a total number of 57,200 shares in Hemnet Group AB (publ) will be purchased and transferred to participants in the Share Savings Program 2022/2025.

Authority for the board of directors to repurchase the company’s own shares
In accordance with the board of directors’ proposal, the annual general meeting resolved to grant the board of directors the authority to, on as many occasions as it deems appropriate and during a period up until the annual general meeting 2023, purchase shares in Hemnet Group AB (publ), only to the extent that Hemnet Group AB (publ)'s holding at no time exceeds ten percent of the total amount of shares in Hemnet Group AB (publ). Purchases shall be made on Nasdaq Stockholm at a price per share within the prevailing price interval. The purpose of the authorization is to give the board a possibility to adjust the capital structure of Hemnet.

Articles of association
The annual general meeting resolved, in accordance with the board of directors' proposal, on the adoption of updated articles of association, wherein a new provision on the collection of powers of attorney and postal voting is inserted.  

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Complete proposals regarding the annual general meeting's resolutions in accordance with the above are available at Hemnet Group AB (publ)'s website: www.hemnetgroup.com.

The board of directors

Hemnet Group AB (publ)

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For more information, please contact:

Press enquiries

Staffan Tell, Head of PR
M: +46 733 67 66 85
E: [email protected]

IR enquiries
Carl Johan Åkesson, CFO
M: +46 708 30 70 57
E: [email protected]

Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
E: [email protected]  

About Hemnet
Hemnet operates the leading property platform in Sweden. The company emerged as an industry initiative in 1998 and has since transformed into a "win-win" value proposition for the housing market. By offering a unique combination of relevant products, insights and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents for more than 20 years. Hemnet shares a mutual passion for homes with its stakeholders and is driven by being an independent go-to-place for people to turn to for the various housing needs that arise through life. This is mirrored in the Company’s vision to be the key to your property journey, supplying products and services to improve efficiency, transparency and mobility on the housing market. Hemnet is listed on Nasdaq Stockholm (‘HEM’).

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