Press release 5/4/2022

Report from the annual general meeting in VBG Group AB (publ) the 4[th] of May 2022

VBG Group AB has the 4ht of May 2022 held its annual general meeting in Vänersborg. Due to covid-19, postal voting was also offered, according to law 2022:121. The general meeting resolved in accordance with all proposals submitted by the board of directors and the nomination committee.

Dividend

The meeting resolved, in accordance with the board of directors’ proposal, that a dividend of SEK 5.00 is to be paid to the shareholders. The record date for the right to receive dividends was resolved to be the 6 of May 2022. Payment of the dividends by Euroclear Sweden AB is expected to be initiated on the 6 of May 2022.

Renumeration

The annual general meeting resolved that the renumeration to the board of directors shall amount to a total of SEK 2 020 000, of which SEK 680,000 shall be awarded to the chairman of the board and SEK 285,000 to each of the other ordinary members of the board. Of the total renumeration, SEK 150,000 shall be awarded to the audit committee and SEK 50,000 shall be awarded to the renumeration committee, to be allocated by the board of directors. No renumeration shall be awarded to the CEO.

The renumeration to the auditor shall be paid in accordance with approved invoice.

The board of directors and auditor

The annual general meeting resolved to discharge from liability each of the members of the board and the CEO for the financial year 2021.

Johnny Alvarsson, Peter Augustsson, Louise Nicolin, Mats R Karlsson, Anna Stålenbring, and Anders Birgersson were re-elected as ordinary members of the board. Johnny Alvarsson was re-elected as chairman of the board.

The registered auditing firm EY Sweden AB, with auditor-in-charge Andreas Mast, was elected as auditor for the period until the end of the next annual general meeting.

Authorization

The annual general meeting resolved to authorize the board of directors to, on one or several occasions until the annual general meeting 2023, resolve to transfer the company’s acquired own shares with deviation from the shareholders’ preferential rights and that payment may be made with non-cash consideration. The authorization enables the board to sell the company’s own shares as payment for acquired companies.

Remuneration report

The annual general meeting approved the board's remuneration report and considers that the guidelines for remuneration and other terms of employment for senior executives adopted by the 2021 annual general meeting have been implemented. The report has been prepared in accordance with the Swedish Companies Act and Rules on remuneration to senior executives and on incentive programs decided by the Swedish Corporate Governance Board.

New articles of association

The annual general meeting resolved to adapt new articles of association that will increase the flexibility to hold general meetings. The decision means that the board may resolve that the shareholders may practice their voting rights by post, and the general meeting may be held, in addition to in Vänersborg, Stockholm and Göteborg, in Trollhättan.

Nomination committee

The annual general meeting resolved on the principles for appointment of nomination committee and instruction to the nomination committee. The nomination committee shall consist of the Chairman of the Board and three members appointed by the three shareholders with the largest number of votes at the end of the third quarter and year, respectively.

All resolutions were made in accordance with the proposals available prior to the annual general meeting. The complete proposals are published on the company’s website www.vbggroup.com (in Swedish).

Vänersborg the 4th of May 2022
VBG Group AB (publ)

For more information please contact:

Johnny Alvarsson    
Chariman of the board
Telephone: +46 705 891 795