Annual General Meeting of NIBE Industrier AB
May 16 2024 - 12:30PM
Annual General Meeting of NIBE Industrier AB
The Annual General Meeting of NIBE Industrier AB
(publ) was held on Thursday, May 16, 2024, at NIBE’s new wood stove
factory in Markaryd.
DividendThe AGM approved the Board’s
proposal to pay a dividend of SEK 0.65 per share. The record date
for the payment of the dividend is May 20, 2024.
Members of the BoardEva Karlsson, Gerteric
Lindquist, Hans Linnarson, Anders Pålsson and Eva Thunholm were
re-elected to the Board and James Ahrgren and Camilla Ekdahl were
newly elected. Hans Linnarson was re-elected as the Chairman of the
Board. AuditorsKPMG AB was elected as the company’s
auditor for the period until the close of the 2025 AGM, with
authorized public accountant Jonas Nihlberg appointed as
Auditor-in-charge.
Adoption of the income statement and balance
sheet and discharge from liabilityThe AGM adopted the income
statements and balance sheets of the Parent and of the Group and
discharged the Board and CEO from liability for the 2023 financial
year.
Fees to the Board of Directors and
auditorsThe AGM agreed on Board and audit fees as follows:Total
Board fees of SEK 3,500,000, distributed as follows: SEK 1,000,000
to the Chairman and SEK 500,000 to each of the other Board
members elected by the AGM who are not employees of the Group.
Audit fees are paid according to approved invoices.
Mandate for the Board to issue new shares in
conjunction with acquisitionsThe AGM resolved to authorize the
Board of Directors of NIBE Industrier AB to issue Class B shares in
the company, on one or more occasions during the period leading up
to the next AGM, with or without deviation from the shareholders’
preferential rights. The shares may only be issued to finance the
acquisition of companies, parts of companies or operations. This
mandate does not include the right for the Board to decide on cash
issues without regard to the shareholders’ preferential rights. The
mandate shall be limited to the issuance of shares corresponding to
a maximum of 10% of the total number of shares outstanding at the
date of the AGM.
The Board’s guidelines on remuneration and other
terms of employment for senior executivesThe AGM approved the
Board’s proposal that senior executives shall, as an incentive, be
entitled to a variable salary component that is payable if set
targets are achieved. The variable component shall be restricted to
four months’ salary. It shall also be possible for senior
executives to receive an additional month’s salary on condition
that this additional payment plus another month’s salary paid as a
variable bonus are used to purchase NIBE shares. A further
condition for entitlement to receive this additional month’s
remuneration is that the shares thus purchased are retained for at
least three years. Under normal circumstances, NIBE shares acquired
in this way shall be purchased on one occasion each year in
February/March and the purchase shall be subject to the relevant
market abuse regulations. No incentive program is offered to the
CEO. The Board may depart from these guidelines if
there are specific reasons for doing so in an individual case.
For more information: Gerteric Lindquist, CEO,
and Hans Backman, CFO: +46 (0)433 27 30 00
NIBE Industrier AB (publ) is required to disclose
the information in this press release under Nasdaq Nordic Main
Market Rulebook for issuers of shares. This information was
submitted by the contact persons above for publication on May
16, 2024 at 7:30 PM CEST.
NIBE Group – an international Group with
companies and a presence worldwideThe NIBE Group is an
international Group that contributes to a reduced carbon footprint
and better utilization of energy. In our three business areas –
Climate Solutions, Element and Stoves – we develop, manufacture and
market a wide range of environmentally friendly, energy-efficient
solutions for indoor climate comfort in all types of properties,
plus components and solutions for intelligent heating and control
in industry and infrastructure.
Since its beginnings in the town of Markaryd in the
province of Småland 70 years ago, NIBE has grown into an
international company with an average of 22,500 (21,300)
employees and an international presence. From the very start, the
company has been driven by a strong culture of entrepreneurship and
a passion for corporate responsibility. Its success factors are
long-term investments in sustainable product development and
strategic acquisitions. Combined, these factors have brought about
strong, targeted growth, which generated sales of just under SEK 47
(40) billion in 2023.
NIBE has been listed under the name NIBE Industrier
AB on the Nasdaq Nordic Large Cap list since 1997, with a secondary
listing on the SIX Swiss Exchange since 2011.
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