Today,
Allocation of the company's results and discharge from liability
The meeting resolved that no dividend shall be paid for the financial year 2019, and that the company's result shall be carried forward.
Furthermore, the annual general meeting resolved on discharge of the members of the board of directors and the managing director from liability for the financial year 2019.
Appointment of and fees payable to members of the board of directors and auditor
The meeting resolved that the board of directors shall consist of seven members with no deputies.
Moreover, the meeting resolved on remuneration to the board of directors amounting to
The meeting also resolved to re-elect Öhrlings
Nomination committee and remuneration guidelines
The meeting further resolved on nomination committee procedures and on remuneration guidelines for senior executives in accordance with the proposals set forth in the notice.
Amendments to the articles of association
As part of the corporate identity project, the meeting resolved to change the company's name to
Issue authorization
The annual general meeting further resolved, in accordance with the board's proposal, to authorize the board, on one or several occasions and for the period up to the next annual general meeting, to resolve to issue new shares, with or without deviation from the shareholders' pre-emptive rights. The total number of shares that may be issued under the authorization must total not more than 20 percent of the total number of shares outstanding in the company following exercise of the authorization. The purpose of the authorization is to enable the company to finance acquisitions with own shares and to provide the board of directors with increased flexibility in the work with the company's capital structure. Issuances of new shares under the authorization shall be made on market terms and conditions.
Repurchase and transfer own shares
The meeting further resolved to authorize the board of directors to, on one or several occasions, up and until the next annual general meeting, resolve on the repurchase and transfer of own shares. The total number of shares that may be re-purchased may not entail a treasury shareholding at any time exceeding 10 percent of the total number of shares in the company. The reason for the authorizations is to provide the board of directors with increased flexibility in the work with the company's capital structure and to enable the company to finance acquisitions with own shares.
Incentive program
The meeting finally resolved to implement a new long-term incentive program for certain senior executives and key individuals within the group, through the issue of not more than 1,100,000 warrants. Each warrant entitles to subscription for one new share in the company at a subscription price corresponding to 130 percent of the volume-weighted average share price during the five-day period preceding the allotment of warrants to each person participating in the program. Subscription for new shares by virtue of the warrants shall be made during the period
For more information, please contact:
Tel: +46 (0)709 32 43 00. E-mail: adam.schatz@bygghemmagroup.se
Tel: +46 (0)70 605 63 34. E-mail: johan.hahnel@bygghemmagroup.se
The information was submitted for publication at 19.00 CEST on
About BHG
BHG is the number 1 consumer e-commerce company in the Nordics. We're also present in most of Eastern and
The Group includes over 85 online destinations - including sites like www.bygghemma.se, www.trademax.se, www.chilli.se an www.furniturebox.se - and over 70 showrooms. We are headquartered in Malmö,
The BHG brands employ more than 1,500 people, working every day to create the ultimate online shopping experience by combining an unbeatable product range with smart technology, leading product expertise and a broad range of services.
https://news.cision.com/bygghemma-group-first-ab/r/resolutions-at-the-annual-general-meeting-of-bygghemma,c3104734
https://mb.cision.com/Main/16507/3104734/1242394.pdf
(c) 2020 Cision. All rights reserved., source