Profit and loss statements and balance sheets
The Annual General Meeting resolved to approve the profit and loss statement and the balance sheet for the parent company and the Group, for the financial year 2020.
Dividend
The Annual General Meeting decided to authorize a dividend per share of eighty-five öre (0.85 SEK). The record date for the dividend was set at 1 April 2021. The dividend is expected to be paid out via Euroclear Sweden AB on 8 April 2021.
Discharge from liability
The Annual General Meeting resolved to discharge from liability for all the members of the board and the managing director during 2020.
Number of directors of the board
The Annual General Meeting resolved that the board shall consist of nine board members without deputy board members.
Remuneration to the directors of the board and auditor
The Annual General Meeting resolved that remuneration of SEK 368,000 shall be paid to the chairman of the board Sven Hagströmer and each of the directors of the board Jonas Hagströmer and Magnus Dybeck, and that remuneration of SEK 460,000 shall be paid to each of the other directors of the board with a recommendation to invest one third of the net remuneration in shares in Avanza. In addition, the Annual General Meeting resolved that for work in the audit, risk and capital committee, remuneration of SEK 225,000 shall be paid to the chairman and SEK 100,000 to each of the members in the committee, remuneration of SEK 54,500 to each of the members in the credit committee, remuneration of SEK 44,000 to each of the members in the remuneration committee and remuneration of SEK 44,000 to each of the members in the IT committee.
The Annual General Meeting resolved that remuneration to the auditor shall be paid according to approved account.
Election to the board
Magnus Dybeck, Catharina Eklöf, Viktor Fritzén, Jonas Hagströmer, Sven Hagströmer, Mattias Miksche, Johan Roos and Hans Toll were re-elected as directors of the board. Leemon Wu was newly elected as director of the board. Sven Hagströmer was re-elected as chairman of the board. Birgitta Klasén had declined re-election.
Election of auditor
KPMG was re-elected as the auditor of the company. Mårten Asplund is Chief Auditor.
Amendment of the articles of association
The Annual General Meeting resolved to amend Section 9 of the articles of association, meaning that shareholders shall be included in a printout or other reproduction of the shareholders' register as it applies six (6) banking days prior to the general meeting.
Issue of warrants for incentive program
The Annual General Meeting resolved on three new incentive programs based on warrants (2021/2024, 2022/2025 och 2023/2026). Each incentive program runs for three years and comprises a maximum of 1,200,000 warrants that entitles the holder to subscribe for the same number of shares. If all warrants are exercised, each incentive program will result in a dilution of a maximum of 0.77 percent.
Share repurchase program
The Annual General Meeting authorized the board to carry out acquisition of own shares up to a maximum of 10 percent of the shares in Avanza Bank Holding AB. The authorization is valid until the next Annual General Meeting.
Remuneration report
The Annual General Meeting approved the board’s proposal regarding remuneration report.
For further information please contact:
Sven Hagströmer, Chairman of the Board of Avanza
+46 70 728 81 92
E-mail: Sven.Hagstromer@avanza.se
Avanza is a digital platform for savings and investments founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza’s customer promise is a better return on your savings than with any other bank or pension provider in Sweden. Services include saving in shares, funds, savings accounts, mortgages and a strong pension offering. Avanza has more than 1 million customers with over SEK 600 billion in total savings capital. This is equivalent to 5.8 per cent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange including First North. For the last eleven years, Avanza has won the Swedish Quality Index (SKI) award for “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir
