Report from the 2016 Annual General Meeting of Hemfosa

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News Desk 2018

Apr 19, 2016 at 11:45 AM

Report from the 2016 Annual General Meeting of Hemfosa Fastigheter AB (publ)

Today, April 19, 2016 at the Annual General Meeting (AGM) of Hemfosa Fastigheter AB, the Parent Company and consolidated income statements and balance sheets were adopted for the 2015 fiscal year. The Board of Directors and the President were also discharged from liability for the 2015 fiscal year. Dividends The AGM resolved to pay a dividend of SEK 4.20 per ordinary share for the 2015 fiscal year, with quarterly payment of SEK 1.05 per ordinary share. The record dates for the distribution of dividends on the ordinary share are April 21, 2016, July 10, 2016, October 10, 2016 and January 10, 2017. The AGM also resolved to pay a dividend of SEK 10.00 per preference share, with quarterly payment of SEK 2.50 per preference share. The record dates for the distribution of dividends on the preference share are July 10, 2016, October 10, 2016, January 10, 2017 and April 10, 2017. The dividend according to the above totals SEK 662,048,864. The AGM also resolved that the new ordinary shares being issued according to the Board’s decision to issue new ordinary shares and the new ordinary shares that may be issued with the support of the authorization granted to the Board to decide on the issue of new ordinary shares will provide entitlement to dividends, in accordance with the above, as of the day on which these shares have been entered into the share register maintained by Euroclear Sweden AB. Board of Directors and Auditor The AGM resolved on the election of members of Board of Directors and their fees in accordance with the Nomination Committee’s proposal and re-elected Board members Bengt Kjell, Jens Engwall, Anneli Lindblom, Caroline Sundewall and Ulrika Valassi. Per-Ingemar Persson was elected as a new Board member. Bengt Kjell was elected Chairman of the Board. For further information regarding Board members, refer to the company’s website www.hemfosa.se. The registered accounting firm, KPMG AB, was reelected as the company’s auditor for the period ending at the end of the next Annual General Meeting. KPMG AB has announced that Björn Flink would be appointed Auditor in Charge. Decision regarding issue of new ordinary shares with preferential rights for holders of ordinary shares The AGM resolved in accordance with the Board of Director’s decision of March 14, 2016 to increase the share capital through the issue of new ordinary shares with preferential rights for the holders of ordinary shares. The new share issue will raise issue proceeds of not more than approximately MSEK 1,814, before issuance costs. The intention is to use the issue proceeds to finance property acquisitions, which are continuously evaluated by the company in its day-to-day operations, and for investments in the existing property portfolio. For more information regarding the new share issue, refer to earlier press releases for the company published on April 14, 2016 and March 15, 2016. Authorization The AGM resolved to authorize the Board of Directors on one or more occasions during the period up to the following AGM, either applying or disapplying the existing shareholders’ preferential rights, to decide on the issuance of new ordinary shares. The total number of ordinary shares that will be issuable pursuant to this authorization may not exceed 10 percent of the total number of ordinary Hemfosa shares at the time of exercising the authorization. New share issues supported by the authorization are to be effected at market price and payment may occur, in addition to cash, in the form of cash-in-kind or an issue offsetting debt. The purpose of the authorization and reasons for any disapplication of the shareholders’ preferential rights is to ensure that such issues can be conducted to finance acquisitions of properties or property companies, or parts of properties or property companies, or to finance investments in new or existing properties. The AGM also resolved on guidelines for remuneration of senior executives in accordance with the Board’s proposal. For further information, please contact Hemfosa Fastigheter at: tel. +46 (0)8 -448 04 80. About Hemfosa Fastigheter Hemfosa is a Swedish property company focusing on community service properties in the Nordic region. This provides stable cash flows and a healthy yield. At the same time, Hemfosa creates value through active participation in the transaction market. At March 31, 2016, Hemfosa owned commercial properties with a total property value of approximately SEK 31.3 billion, including the company’s share of the property value in joint ventures. The company’s ordinary share has been listed since March 2014 and the preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.

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