Below is a summary of the main resolutions by the Annual General Meeting of Avanza Bank Holding AB (publ). The meeting, chaired by Sven Hagströmer, was held today in Stockholm.
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 2023.
Dividend
The Annual General Meeting decided to resolve on a dividend per share of eleven kronor and fifty öre (SEK 11.50). The record date for the dividend was set at 15 April 2024. The dividend is expected to be paid out via Euroclear Sweden AB on 18 April 2024.
Discharge from liability
The Annual General Meeting resolved to discharge from liability for all the members of the board and the managing directors during 2023.
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 to the Auditor
The Annual General Meeting resolved that remuneration of SEK 412,000 shall be paid to the Chairman of the Board Sven Hagströmer and each of the directors of the Board Jonas Hagströmer, John Hedberg and Magnus Dybeck, and that remuneration of SEK 514,000 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 Bank Holding AB. In addition, the Annual General Meeting resolved that for work in the audit, risk and capital committee, remuneration of SEK 300,000 shall be paid to the chairman and SEK 130,000 to each of the members of the committee, remuneration of SEK 61,000 to each of the members of the credit committee, remuneration of SEK 49,500 to each of the members of the remuneration committee and remuneration of SEK 58,000 to each of the members of the IT committee.
The Annual General Meeting resolved that remuneration to the auditor shall be paid according to approved account.
Election to the Board of Directors
Magnus Dybeck, Jonas Hagströmer, Sven Hagströmer, John Hedberg, Linda Hellström, Johan Roos and Leemon Wu were re-elected as board members. Julia Haglind and Lisa Åberg was elected as new board members. Sven Hagströmer was re-elected as Chairman of the Board and John Hedberg was elected as Deputy Chairman of the Board.
Election of Auditors
KPMG was re-elected as the Auditor of the company. Dan Beitner is Chief Auditor.
Authorisation to acquire and transfer the company's own shares
The Annual General Meeting authorised the Board of Directors to carry out acquisitions 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.
The Annual General Meeting also resolved to authorise the Board of Directors to resolve on transfer of the company’s own shares. Transfers of shares may take place on or outside Nasdaq Stockholm. In the event of a transfer of shares outside Nasdaq Stockholm, the remuneration for sold shares may consist of non-cash consideration and may take place with or without derogation from the shareholders' pre-emption rights.
Authorisation on new issues of shares
The Annual General Meeting resolved to authorise the Board of Directors to, on one or several occasions prior to the next annual general meeting, with or without derogation from the shareholders' pre-emption rights, resolve on new issues of shares.
The number of shares that may be issued may in total amount to a maximum number of shares that results in an increase of the share capital of no more than 10 percent based on the total share capital of the company at the time of the annual general meeting 2024. Payment may be made in cash and/or with non-cash consideration or set-off against a claim or otherwise with conditions.
Issue of warrants for incentive program
The Annual General Meeting resolved on one new incentive program based on warrants (2024/2027). The incentive program runs for three years and comprises a maximum of 1,500,000 warrants that entitles the holder to subscribe for the same number of shares. If all warrants are exercised, the incentive program will result in a dilution of approximately 0.95 percent. Full terms and conditions for participation in the program as well as further information are available on avanza.se/ir.
Guidelines for remuneration to senior executives
The Annual General Meeting approved the Board of Directors’ proposal regarding guidelines for salary and other remuneration to the CEO and other members of the Group Management.
Remuneration report
The Annual General Meeting approved the Board of Directors’ proposal regarding remuneration report.
For further information please contact:
Sven Hagströmer, Chairman of the Board of Avanza Bank Holding AB
+46 70 728 81 92
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 over 1.9 million customers with over SEK 800 billion in total savings capital. This is equivalent to 7.1 per cent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange. During the last thirteen years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir
