Bulletin from Vitec Software Group AB’s Annual General Meeting, April 28, 2021
Due to the coronavirus pandemic and in order to minimize the risk of spreading the virus the Annual General Meeting, AGM, was conducted only by advance voting (postal voting) in accordance with temporary legislation and thus without the physical presence of shareholders, proxies or external parties.
Approval of income statement and balance sheet
The Annual General Meeting, AGM, approved the income statement and balance sheet for the Parent Company and the consolidated income statement and consolidated balance sheet for 2020.
The proposed dividend of SEK 1.64 per share was approved by the AGM. The dividend will be paid in quarterly installments. The record dates for the quarterly installments are June 24, 2021, September 27, 2021, December 27, 2021, and March 25, 2022. Payment from Euroclear Sweden AB is expected June 30, 2021, September 30, 2021, December 30, 2021, and March 30, 2022.
Board members and the President were discharged from liability for the financial year 2020.
Number of Board members and deputy Board members and also auditors and deputy auditors
In accordance with the nomination committee’s proposal the AGM approved that the Board of Directors for the period running up until the end of the next Annual General Meeting shall be composed of six members with no deputy members and that one registered accounting firm is elected as auditor.
Directors' fees and auditor’s fees
The AGM decided, in accordance with the Nomination Committee's proposal for an annual fee to the Chairman of SEK 600,000 and the other board members of the Board of SEK 210,000 each.The AGM decided, in accordance with the Nomination Committee's proposal, that the auditor’s fee for the period running until the end of the next Annual General Meeting shall be paid in accordance with a submitted and approved invoice.
Board of Directors and Chairman of the Board of Directors
In accordance with the Nomination Committee's proposal, the Annual General Meeting resolved to elect for the period running until the end of the next Annual General Meeting, Board members: Anna Valtonen (re-election), Birgitta Johansson-Hedberg (re-election), Jan Friedman (re-election), Kaj Sandart (re-election), and Crister Stjernfelt (re-election) and to elect Lars Stenlund to the Chairman of the Board (new election).
Lars Stenlund was elected to Chairman of the Board for the period running until the end of the next Annual General Meeting.
The AGM decided to appoint the audit firm PricewaterhouseCoopers AB, with Aleksander Lyckow as the main auditor, for the period until the end of the 2022 AGM.
The AGM resolved in accordance with the Board's proposal to approve the Board's remuneration report.
Guidelines for remuneration to senior executives
In accordance with the Board's proposal the AGM approved the guidelines for salaries and other remuneration to senior executives. Senior executives refer to the CEO and other members of management.
Proposal regarding composition of nomination committee
In accordance with the nomination committee’s proposal the AGM approved that a new nomination committee for the 2022 Annual General Meeting is appointed. The nomination committee shall consist of the Chairman of the Board of Directors and two to three additional members. In accordance with the nomination committee’s proposal the AGM approved that the instruction to the nomination committee shall be in accordance with the separate document that is kept available on the company’s website.
The Board of Directors’ proposal on authorization of the Board of Directors to resolve to issue new shares
In accordance with the Board's proposal, the Annual General Meeting resolved to authorize the Board to, until the time of the next Annual General Meeting, be able to decide on a new issue and/or issuance of convertible debentures with deviation from the shareholders' preferential rights and with or without a provision for compensation or whether the share shall be subscribed for with set-off rights.
The Board of Directors’ proposal regarding personnel convertible debenture program 2021
The Annual General Meeting resolved to adopt the Board's proposal regarding personnel convertible debenture program in accordance with the Board's proposal.
The Board of Directors’ proposal regarding participation program 2021
The AGM resolved to adopt the Board's proposal regarding participation program in accordance with the Board's proposal.
The Board of Directors’ proposal for resolution to amend the Articles of Association
The AGM approved the Board's proposal regarding amendments to the Articles of Association.
For more information, please contact
Patrik Fransson, Investor Relations Vitec Software Group AB, (publ), firstname.lastname@example.org, mobile +46 76 942 85 97
Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Our 975 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1,313 million in 2020. Find more at www.vitecsoftware.com.