Klövern AB (publ)

Decisions at Annual General Meeting of Klövern AB (publ)

At the Annual General Meeting of Klövern AB (publ) on 24 April 2020 the following decisions were made, among others.

Dividend

A dividend of SEK 0.26 per ordinary share of Class A and Class B and SEK 20.00 per preference share for the 2019 financial year was decided.

The dividend amount per ordinary share of Class A and Class B shall be divided into two payments, each of SEK 0.13. The record dates for dividend for ordinary shares shall be 30 December 2020 with expected payment date being 7 January 2021, and 31 March 2021 with expected payment date being 7 April 2021.

The dividend amount per preference share in a total amount of SEK 20.00 shall be divided in four payments, each of SEK 5.00. It was decided that the record dates for dividend for preference shares shall be 30 June 2020 with expected payment date being 3 July 2020, 30 September 2020 with expected payment date being 5 October 2020, 30 December 2020 with expected payment date being 7 January 2021, and 31 March 2021 with expected payment date being 7 April 2021.

Board of Directors and auditors

The Annual General Meeting decided on re-election of the board members Rutger Arnhult, Eva Landén, Pia Gideon, Johanna Fagrell Köhler and Ulf Ivarsson. Pia Gideon was re-elected as Chairman of the Board.

The Annual General Meeting decided that the fee to the Board shall amount to SEK 1,060,000. The decision means an increase of in total SEK 40,000 compared to the decided fee for 2019. The fee is to be distributed in accordance with the following, where the decided fee for 2019 is shown in parentheses - Chairman of the Board: SEK 430,000 (SEK 420,000) and respectively Member of the Board: SEK 210,000 (SEK 200,000). A board member who is at the same time employed by the Company shall not receive any director’s fee. No further payment is made to board members who serve on committees of the Board.

The Annual General Meeting decided to re-appointment the registered public accounting firm Ernst & Young AB as the Company’s auditors. Payment shall be in accordance with approved invoices.

Remuneration of senior executives

The Annual General Meeting decided in accordance with the Board's proposed guidelines for determining salary and other remuneration for senior executives in Klövern, to be valid for the longest until the end of the 2024 Annual General Meeting. 

Klövern shall offer market oriented and competitive remuneration, which is in relation to responsibilities and authority. Moreover, the remuneration shall be based on factors such as the importance of the task assignment, the competence of the employee, experience and accomplishment. The remuneration shall consist of a fixed salary, variable remuneration if applicable, pension benefits and other benefits. In addition, the Annual General Meeting can – irrespective of these guidelines – decide on, among other things equity-based remuneration.