STOCKHOLM, Oct. 23, 2020 /PRNewswire/ -- In the light of the
continued Covid-19 pandemic, the EGM was conducted pursuant to so
called mail-in procedures in accordance with Sec. 20 of the Act
(2020:198) with temporary exceptions to facilitate the holding of
annual general meetings (Sw. lagen (2020:198) om tillfälliga
undantag för att underlätta genomförandet av bolags- och
föreningsstämmor). Shareholders participated in the EGM by
voting on the proposals and submitting questions in advance.
Adoption of the dividend
The Board of Directors' proposal for dealing with the Company's
profit was adopted. The dividend for financial year 2019 was set at
SEK 2.25 per share with Tuesday October 27, 2020 as the record day. The
estimated date for the payment of the dividend is Friday, October 30, 2020.
Amendment to the Articles of Association
The EGM resolved in accordance with the Board's proposal to
amend the Company's Articles of Association as per below:
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Article
1
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The name of the
company (Sw. företagsnamn) is Husqvarna AB. The company is a
public company (publ).
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Article
6
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The Board of
Directors shall consist of not less than five and not more than ten
directors.
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Article
9
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In order to
participate in a shareholders' meeting, a shareholder shall notify
the company not later than the day stated in the notice stating the
number of assistants. This day must not be a Sunday, public
holiday, Saturday, Midsummer's Eve, Christmas Eve or New Year's
Eve, and must not fall earlier than the fifth weekday prior to the
meeting.
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Article 10, item
11
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Other matters, to be
resolved at the general meeting under the Swedish Companies Act
(Sw. aktiebolagslagen (2005:551)).
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Article
13
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The Board of
Directors may collect proxies in accordance with the procedure
described in Chapter 7, section 4, second paragraph of the
Companies Act.The Board of Directors has the right before a
shareholders meeting to decide that shareholders shall be able to
exercise their voting rights by regular mail before the
shareholders meeting.
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Article
14
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The shares of the
company shall be registered in a VPC register under the Swedish
Central Securities Depositories and Financial Instruments
(Accounts) Act (Sw. lagen (1998:1479) om värdepapperscentraler och
kontoföring av finansiella instrument).
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The above information was submitted for publication at
13:30 CET on October 23, 2020.
For more information please contact:
Johan Andersson, Director,
Corporate Communications and Investor Relations,
+46 702 100 451 or ir@husqvarnagroup.com
Husqvarna Group
Husqvarna Group is a global leading producer of outdoor power
products and innovative solutions for forest, park and garden care.
Products include chainsaws, trimmers, robotic lawn mowers and
ride-on lawn mowers. The Group is also the European leader in
garden watering products and a global leader in cutting equipment
and diamond tools for the construction and stone industries. The
Group's products and solutions are sold under brands including
Husqvarna, Gardena, McCulloch, Poulan Pro, Weed Eater, Flymo,
Zenoah and Diamant Boart via dealers and retailers to consumers and
professionals in more than 100 countries. Net sales in 2019
amounted to SEK 42bn and the Group
has around 13,000 employees in 40 countries.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/husqvarna-ab/r/bulletin-from-the-extraordinary-general-meeting-of-husqvarna-ab--publ-,c3221984
The following files are available for download:
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https://mb.cision.com/Main/996/3221984/1323431.pdf
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Press release
(PDF)
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SOURCE Husqvarna AB