The resolutions, in accordance with proposals by the Board of Directors and Nomination Committee, passed at the Annual General Meeting of Shareholders (the "Meeting") in
Adoption of the income statements and balance sheets, and discharge from liability
The Meeting adopted the income statement and balance sheet for the Company and the Group for the 2023 financial year. The Meeting also resolved to discharge the Board members and the CEO from liability for the administration during the 2023 financial year.
Dividend
The Meeting adopted a dividend of
Board of Directors and auditors
The Meeting resolved that the Board of Directors is to consist of eight Board members and re-elected Petter Fägersten,
With regard to the Board's composition, the Meeting's decision comprises an addition compared to the Nomination Committee's proposal in that the Board got another new member (
Fees to the Board of Directors and auditor
The Meeting resolved on Board fees of
Remuneration Report 2023
The Meeting resolved to approve the Board of Directors' Remuneration Report for remuneration paid to senior executives in 2023.
Cancellation of repurchased ordinary shares and bonus issue
The Meeting resolved to reduce the share capital by cancellation of the 3,079,659 ordinary shares repurchased under ITAB's repurchase programme. The reduction of the share capital will amount to
Authorisation for share issues
The Meeting resolved to authorise the Board of Directors, on one or more occasions up until the next Annual General Meeting, to resolve to increase the Company's share capital by way of new share issues corresponding to a dilution of a maximum of 10 percent, calculated after full exercise of the authorisation for share issue. The purpose of the authorisation is to increase the Company's financial flexibility and to enable the Company to make corporate acquisitions.
Authorisation for repurchases and conveyance of own shares
The Meeting resolved to authorise the Board of Directors, on one or more occasions up until the next Annual General Meeting, to resolve to purchase own shares so that the Company's holding, at any given time, does not exceed 10 percent of the total number of shares in the Company. Further, the Meeting resolved to authorise the Board of Directors, on one or more occasions up until the next Annual General Meeting, to resolve to convey own shares. The purpose of the authorisations is to give the Board of Directors increased flexibility with regard to the Company's capital structure where appropriate as well as to enable acquisitions of companies and business operations where payment is made with the Company's own shares.
Information about the Annual General Meeting 2024
Complete proposals for the Meeting's resolutions above are available on the Company's website itabgroup.com. Further, the minutes from the Meeting will be available on the website no later than two weeks after the Meeting.
Jönköping,
This information was submitted for publication at
This is in all respects a translation of the Swedish original press release. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.
For further information, please contact:
Andréas Elgaard, President & CEO
Telephone: +46-73 232 16 35
Tel.: +46 70 660 31 32
itab.com, itabgroup.com
AT ITAB we help customers turn consumer brand experience into physical reality with our know-how, solutions, and ecosystem of partners. We co-create with our customers, efficient retail solutions that deliver convenient and inspiring consumer experiences. The offer includes consultative design services, custom-made interiors, checkout systems, consumer guidance solutions, professional lighting systems and interactive digital solutions for the physical store. ITAB has annual sales of approximately
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