Resolutions at the Annual General Meeting in K-Fast Holding AB 2024

Adoption of the Income Statement and Balance Sheet
The AGM adopted the Income Statement and Balance Sheet of the Parent Company and Consolidated Income Statement, Consolidated Balance Sheet for the Group for the period 1 January 2023 - 31 December 2023.

Allocation of profit or loss
The AGM approved the Board's proposal to carry forward retained profit of SEK 2,225,629,526 at the disposal of the AGM.

The Board
The AGM discharged the Board members and CEO from liability for the previous financial year. The AGM resolved that the Board of Directors should comprise six members without deputies.  The following members were re-elected to the Board: Ulf Johansson, Christian Karlsson, Sara Mindus, Jesper Mårtensson, Erik Selin and Jacob Karlsson. The AGM appointed Erik Selin as Chairman.

Directors' fees
The AGM approved Directors' fees in accordance with the Nomination Committee's proposal of SEK 200,000 for the period up until the next AGM for each Board member not employed by the company, except for Erik Selin. The proposed fees also include remuneration for committee work.

Auditor and fees
Ernst & Young AB ("EY") were re-elected as company Auditor for the period until the end of the next AGM. EY will appoint Peter von Knorring as Auditor in Charge. Fees to the company's Auditors are payable in accordance with approved invoice.

Approval of Remuneration Report
The AGM approved the Board's Remuneration Report for senior management members.

Guidelines for remuneration to executive management
The AGM approved the Board's proposed guidelines for remuneration to executive management.

Resolution on authorizing the Board to resolve to issue new shares
The AGM authorized the Board to decide, on one or several occasions, in the period up until the 2025 AGM, with or without departing from shareholders' pre-emptive rights, to issue new shares. Authorization includes the right to pay for newly issued shares in cash, through offset or in the form of non-cash consideration. Based on the authorization, the number of shares can be increased, within the framework of the authorization, to a maximum of 25,000,000 (twenty-five million) new Class B shares. The purpose of the authorization, and the reason for any departure from shareholders' pre-emptive rights, is to enable timely and cost-efficient new share issues, with the aim of financing the acquisition of properties or businesses by the company, or to carry out other investments. New share issues under this authorization, departing from shareholders' pre-emptive rights, shall be based on a market-based subscription price that reflects market conditions at the time of issue. The CEO, or the person appointed by the Board of Directors, shall have the right to make such minor adjustments to the decision as may prove necessary in connection with the registration thereof.

Resolution on authorizing the Board to repurchase treasury shares
The AGM authorized the Board, in the period until the 2025 AGM, to decide, on one or several occasions, to repurchase and transfer Class B shares held in treasury. Repurchase may only occur on a regulated market place where the company's shares are listed and at a price per share within the registered share price interval as applicable from time to time, corresponding to the interval between highest bid price and lowest offer price. Within the framework of the authorization, the company is permitted to repurchase a maximum number of shares corresponding to one tenth of the total number of shares issued in the company. The purpose of the authorization is to create the right conditions for the Board to reach expedient decisions regarding the effective utilization of the company's capital and liquidity. Authorization permits the Board, if it is considered appropriate, to utilize potential surplus liquidity to effect reversals to shareholders without necessitating more administratively complex procedures such as customary dividend and/or cancellation of shares. The authorizations also aim to give the company greater flexibility to make acquisitions of properties, companies or other investments.

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Hässleholm, Sweden, May 2024

K-Fast Holding AB
The Board

For more information, please contact:
Johan Hammarqvist, Head of Investor Relations and Communications
e-mail: johan.hammarqvist@k-fastigheter.se,telephone: +46 (0)10-167 60 99
 

K-Fastigheter is much more than a property company. Through an integrated process, we build our business in the two business segments Construction and Property Management. In business segment Construction the objective is to deliver completed housing units based on the Group's concept houses, developed in-house, as well as high-quality frame solutions. Our prefab operations is organized in the subsidiary K-Prefab. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept houses for housing, developed in-house. Business segment Property Management manages the Groups property portfolio with focus on housing. K-Fastigheter offers more than 5,000 homes from Copenhagen in the south to Gävle in the north and is continuously assessing new markets. K-Fastigheter strive to create attractive homes with a high comfort factor. The Group's property portfolio has a book value SEK 15,3 billion. Annual rental value in invest properties under management amounts to SEK 686 million. Since November 2019, the company's Class B shares have been traded on Nasdaq Stockholm (under the ticker: KFAST B). Read more at k-fastigheter.com