Bulletin from Bilia’s Annual General Meeting 2021 - Seite 2

Long-term incentive programme

The AGM resolved to establish a long-term incentive programme in the form of a share savings plan (the “Programme”). The Programme is aimed at a total of about sixty key persons in the Bilia Group. In order to participate in the Programme, the participant must have made a private investment by acquiring shares in Bilia AB (publ) (“Savings Shares”) equivalent to a maximum of between 7 and 14 per cent of the participant’s gross basic salary and at least SEK 25,000.

For each Savings Share held within the framework of the Programme, the participant can receive at most three “Performance Shares” free of charge from Bilia if the goal established by the Board of Directors regarding total yield on Bilia’s shares and increased earnings per share is met. In order to be allotted Performance Shares, the participant must retain his/her original Savings Shares from the start of the Programme up until 31 March 2024 and must still be employed by the Bilia Group at this point in time. The maximum number of Performance Shares allotted within the framework of the Programme is 150,000.

The AGM further resolved that the company shall be entitled to transfer no more than 150,000 own shares which Bilia has previously acquired to the participants in order to guarantee the delivery of Performance Shares within the framework of the Programme.

The AGM further resolved to authorise the Board of Directors to approve, during the period up to the 2022 Annual General Meeting, the transfer of no more than 50,000 own shares on Nasdaq Stockholm at a price per share that lies within the quoted price range at any given time in order to cover social security contributions for the Programme.

Authorisation for the Board to decide on the acquisition and transfer of own shares

The AGM approved the Board’s proposal regarding authorisation for the Board to decide upon acquisition and transfer of own shares.

Gothenburg, April 27, 2021

Bilia AB (publ)

For information please contact:
Per Avander, Managing Director and CEO, [phone], [e-mail] 
Kristina Franzén, CFO, [phone], [e-mail]

Facts about the Bilia Group

Bilia is one of Europe’s largest car dealers with a leading position within service and sales of cars and transport vehicles. Bilia has about 140 facilities in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia sells cars of the brand Volvo, BMW, Toyota, Renault, Lexus, MINI, Dacia, Alpine and transport vehicles of the brand Renault, Toyota and Dacia.

Bilia offers new and used cars, e-commerce, spare parts and store sales, service and repair workshops, tyres and car glass and financing, insurance, car washes, fuel stations and car dismantling under the same roof, which gives a unique customer offer.

Bilia reported a turnover of about SEK 30 Bn in 2020 and had about 4,700 employees.

Attachment

• Bulletin from Bilia's Annual General Meeting 2021