Statement from Annual General Meeting of Knowit ABPublished 26 Apr 2019
Knowit AB (publ) has this day held its Annual General Meeting and resolved upon the following:
Board of Directors
The AGM re-elected Mats Olsson (chairman), Gunilla Asker, Stefan Gardefjord, Camilla Monefeldt Kirstein, Kia Orback-Pettersson, Peder Ramel, and Jon Risfelt.
KPMG AB was re-elected until the end of the AGM 2020 and has announced that Helena Arvidsson Älgne will be the accountant-in-charge.
The AGM resolved upon a dividend of 5.80 per share for the fiscal year 2018, with the record date of April 30 2019. Payment is expected to be made on May 6 2019.
Guidelines for remuneration to senior executives
The AGM resolved on guidelines for remuneration to senior executives. Remuneration will consist of fixed salary, a variable component as well as pension and other benefits. The variable compensation will be maximized and never exceed the fixed portion. The variable compensation is based on outcome in relation to the targets set and must be connected to the employee's performance. The variable compensation is on condition that the Company does not show a loss for the year the compensation refers to. The variable compensation shall not be pensionable.
Authorization for the Board to approve new issues
The AGM decided to authorize the Board to, on one or more occasions prior to the next AGM, approve an increase in share capital with a maximum of SEK 500,000 through one or more issues of a maximum of in total 500,000 shares. The share issues may be carried out with a waiver of the shareholders' preferential rights and/or with conditions for non-cash issue and/or offset or otherwise with other conditions. The reason for allowing waiving of shareholders' preferential rights is to enable the use of newly issued shares in the acquisition of other companies or operations.