Bulletin from Hemnet Group AB (publ)'s annual general meeting 2023
27 April 2023
The annual general meeting of Hemnet Group AB (publ), held today Thursday 27 April 2023
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 2022.
The annual general meeting resolved on a dividend to the shareholders of SEK 1 per share for the financial year 2022. The annual general meeting resolved that the record date for the dividend will be Tuesday 2 May 2023. The dividend is expected to be paid through Euroclear Sweden AB on Friday 5 May 2023.
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 2022.
The annual general meeting resolved that the number of board members shall be seven and re-elected the board members Pierre Siri, Anders Edmark, Håkan Hellström, Tracey Fellows, Nick McKittrick and Maria Redin. Anders Nilsson was elected as a new board member and chair of the board of directors.
The board member Chris Caulkin had informed the nomination committee that he did not wish to be re-elected.
Fees to the board of directors
The annual general meeting resolved that fees to each board member shall amount to SEK 360,000 annually and that fees to the chair of the board shall amount to SEK 875,000 annually. Furthermore, the annual general meeting resolved that fees to each member of the audit committee shall amount to SEK 80,000 annually and fees to the chair of the audit committee shall amount to SEK 155,000 annually. Fees to each member as well as to the chair of the remuneration committee shall amount to SEK 80,000 annually.
The annual general meeting resolved to re-elect the registered auditing firm Ernst and Young Aktiebolag as the company's auditor for the period until the end of the annual general meeting 2024.
Authority for the board of directors to issue new shares
The annual general meeting resolved 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 2023.
Guidelines for remuneration to senior executives
The annual general meeting resolved to adopt updated guidelines for remuneration to the company's senior executives.
Resolution on a reduction of the share capital through cancellation of treasury shares and an increase of the share capital through a bonus issue
The annual general meeting resolved to reduce the company's share capital by an amount of SEK 2,129,178.375670 by way of cancellation of the 2,780,428 shares held by the company that as of 15 March 2023 had been repurchased by the company under the now completed share buy-back program. The reduction amount will be allocated to unrestricted equity.
With the purpose of restoring the share capital following the reduction of the share capital, the annual general meeting simultaneously resolved to increase the share capital by way of a bonus issue with an amount of SEK 2,129,178.375670. The bonus issue shall be carried out without the issuance of new shares, through the amount being transferred from unrestricted equity.
Adoption of a long-term warrant program and resolution regarding issue of warrants (Warrant Program 2023/2027)
The annual general meeting resolved 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 2023/2027, to issue not more than 527,000 warrants. Furthermore, the annual general meeting resolved to approve the transfer of not more than 462,000 warrants to participants in the Warrant Program 2023/2027 as well as to approve the transfer of not more than 65,000 additional warrants to an additional participant.
Authority for the board of directors to repurchase the company’s own shares
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 2024, 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.
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)
For more information, please contact:
Staffan Tell, Head of PR
M: +46 733 67 66 85
E: [email protected]
Jens Melin, Interim CFO
M: +46 709 99 33 59
Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
E: [email protected]
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’).