Summary of the main decisions taken by Avanza Bank Holding AB (publ) Annual General Meeting. The meeting, chaired by Sven Hagströmer, was held today in Stockholm.
Dividend
The AGM decided to authorise a dividend per share of ten kronor and fifty öre (10.50 SEK). The record date for the dividend was set at 21 March 2019. The dividend is expected to be paid out via Euroclear Sweden AB on 26 March 2019.
Election to the Board of Directors
Viktor Fritzén, Jonas Hagströmer, Sven Hagströmer, Birgitta Klasén, Mattias Miksche, Hans Toll, and Jacqueline Winberg were re-elected as board members, and Sven Hagströmer as Chairman of the Board. Sophia Bendz had declined re-election.
Election of Auditors
KPMG was elected as the Auditor of the company. Mårten Asplund is Chief Auditor.
Share split and amendment of the articles of association
The Annual General Meeting resolved on the division of shares (so-called split), whereby each existing share is divided into five shares. The Board was authorised to determine the record date for the split. The Annual General Meeting also resolved on a change in the articles of association related to the split.
Issue of warrants for incentive programme
The Annual General Meeting resolved on a new incentive programme based on warrants. The incentive programme runs for three years. The incentive programme comprises a maximum of 2,250,000 warrants (the number of warrants takes into account the decision on the division of shares) that entitles the holder to subscribe for the same number of shares. If all warrants are exercised it will result in a dilution of maximum 1.5 percent.
Share repurchase programme
The Annual General Meeting authorised the Board of Directors to implement the acquisition of own shares up to a maximum of 10 percent of the shares in Avanza Bank Holding AB. The authorisation is valid until the next Annual General Meeting.
Remuneration policy for executive management
The Annual General Meeting approved the Board’s proposal regarding guidelines for salary and other remuneration to the CEO and other members of the group’s management. Unlike previous years, no variable performance-based remuneration will be paid.
The information was submitted for publication, through the agency of the contact person set out below, on 19 March 2019 at 17:15 CET.
