Resolutions at the Annual General Meeting in Eolus Vind AB on May 16, 2024
Eolus Vind AB’s Annual General Meeting 2024 (“AGM”) was held today, Thursday, May 16.
The AGM adopted the presented income statements and balance sheets as well as submitted and proposed guidelines for remuneration to senior executives, remuneration report and granted discharge of liability to Board members and the CEO. In addition, the following principal resolutions were passed.
In accordance with the Board of Directors’ proposal, the AGM resolved to declare a dividend of SEK 2.25 per share for the financial year 2023, and the record date for the payment of dividends was set to Monday, May 20, 2024.
Marie Grönborg, Hans Johansson, Jan Johansson, Hans Linnarson, Bodil Rosvall Jönsson and Hans-Göran Stennert were re-elected as members of the Board of Directors. Hans-Göran Stennert was re-elected as Chairman of the Board. The accounting firm PricewaterhouseCoopers AB was re-elected as the Company’s auditor, with authorized public accountant Vicky Johansson as auditor in charge.
It was decided that fees to the Board of Directors shall amount to SEK 500,000 to the Chairman of the Board and SEK 250,000 each to other Board members who are not employed by the Company, to SEK 80,000 to the Chairman of the Audit Committee and SEK 40,000 to other members who are not employed by the Company, and to SEK 15,000 to members of the Remuneration Committee who are not employed by the Company. It was decided that auditor fees shall be paid in accordance with approved invoice.
The AGM resolved, in accordance with the Board’s proposal, on authorization for the Board of Directors to, on one or more occasions before the next Annual General Meeting, resolve on repurchase and transfer of the Company’s own series B shares. Repurchase of own shares of series B may take place on Nasdaq Stockholm and be made to such extent that the Company’s holding of own shares at any given time amounts to a maximum of 10 per cent of all shares in the Company, and at a price per share within the registered share price interval at any given time. Transfers under the authorization may be made of all series B shares held by the Company, except for those repurchased to secure the Company’s commitments under the Company’s share savings program. Transfers on Nasdaq Stockholm may be made at a price per share within the registered share price interval at any given time.
The AGM also resolved on the implementation of a long-term share savings program as well as delivery arrangements in respect thereof by way of (i) authorization for the Board of Directors to resolve on repurchase of a maximum of 150,000 own series B shares and (ii) transfer of a maximum of 120,000 own series B shares free of charge to the participants.
The share savings program comprise all permanent employees in the Eolus Group and participation in the program requires that the participant acquires Series B shares in Eolus on Nasdaq Stockholm no later than June 28, 2024. Each savings share entitles the participant, subject to certain restrictions, to receive 0.5 Series B shares in Eolus (“matching shares”) free of charge at the end of the three-year vesting period. In addition, each savings share entitles the participant, subject to certain restrictions, to receive 0.5 series B shares in Eolus (“performance shares”) free of charge at the end of the vesting period if the share price of the Company’s share on Nasdaq Stockholm at the end of the vesting period has increased by 30 per cent. The right to receive matching shares as well as performance shares is conditional upon the participant maintaining his/her employment over the entire vesting period.