The Annual General Meeting of Genova Property Group AB (publ) ("Genova" or the "Company") was held on 5 May 2025 in Stockholm, whereby the following resolutions were adopted:

Adoption of income statements and balance sheets and resolution on disposition of the Company's profit or loss and discharge from liability
The Annual General Meeting resolved to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet for the financial year 2024.

The Annual General Meeting also resolved on disposition of the Company's result, in accordance with the Board's proposal, on a dividend of SEK 0.88 per share, to be paid in four instalments of SEK 0.22 per share on each occasion, and that Wednesday 7 May 2025, Thursday 7 August 2025, Friday 7 November 2025, and Monday 9 February 2026 shall be the record dates for the dividend. The dividend is expected to be paid on Monday 12 May 2025, Tuesday 12 August 2025, Wednesday 12 November 2025, and Thursday 12 February 2026 through Euroclear Sweden AB.

The Board members and the Chief Executive Officer were granted discharge from liability for the management of the financial year 2024.

Determination of Board remuneration and auditor fees
The Annual General Meeting resolved, in accordance with the nomination committee's proposal, for the period up until the close of the next Annual General Meeting, on unchanged remuneration of SEK 550,000 to the Chairman of the Board and SEK 290,000 to each of the Board members. Further, the Annual General Meeting resolved, in accordance with the nomination committee's proposal, on remuneration of SEK 200,000 (previous year SEK 150,000) to the Chairman of the Board's Audit Committee and SEK 175,000 (previous year SEK 125,000) to each other member of the Audit Committee and on unchanged remuneration of SEK 50,000 to the Chairman of the Board's Remuneration Committee and SEK 40,000 to each member of the Renumeration Committee.

The auditor's fees shall be paid as per approved account.

Election of Board members, Chairman of the Board and auditor
The Annual General Meeting resolved, in accordance with the nomination committee's proposal, that the number of Board members shall be seven, without deputy members and that the Company shall have one auditor without deputy auditor. Mikael Borg was re-elected as Chairman of the Board and Micael Bile, Andreas Eneskjöld, Erika Olsén and Maria Rankka were re-elected as Board members and Karin Larsson and Mattias Björk were newly elected as Board members up until the close of the next Annual General Meeting.

Information about the Board members is available on Genova's website, www.genova.se. 

Ernst & Young Aktiebolag was re-elected as accounting firm. Ernst & Young Aktiebolag has declared that authorized public accountant Oskar Wall will be the auditor in charge for the financial year 2025.

Resolution on approval of the remuneration report
The Annual General Meeting resolved, in accordance with the Board's proposal, to approve the remuneration report for 2024.

Resolution on introduction of long-term incentive programme by way of a directed issue of warrants with subsequent transfers to the participants
The Annual General Meeting resolved, in accordance with the Board's proposal, to introduce a long term incentive programme under which the Company invites up to 37 persons within the group to acquire a total of 400,000 warrants in the Company. The right to acquire warrants shall be granted to employees and consultants of the Company. The Company's Board members shall not be granted any warrants. If all 400,000 warrants are exercised for subscription of 400,000 new shares, the dilution effect will be approximately 0.87 percent (based on the total number of ordinary shares in the Company as of the date of the General Meeting). The Company's share capital may, upon exercise of all 400,000 warrants, increase by SEK 480,000 (based on a quota value of SEK 1.20), subject to such re-calculation of the number of shares that each warrant entitles to subscription of that may be made in accordance with the complete terms and conditions of the warrants.

The resolution includes a directed issue of not more than 400,000 warrants to a wholly owned subsidiary with subsequent transfers to the participants in the incentive programme. The participants may exercise the warrants for subscription of ordinary shares in the Company during the period from and including 1 July 2028 up to and including the date that falls 30 calendar days thereafter.

Resolution on authorization for the Board to resolve on new issue of ordinary shares, warrants and convertibles
The Annual General Meeting resolved, in accordance with the Board's proposal, to authorize the Board to, up until the next Annual General Meeting, on one or several occasions, and with or without preferential rights for the shareholders, resolve on new issue of ordinary shares or warrants or convertibles attributable to such shares. The new issue of shares, warrants or convertibles in accordance with the authorization is to be paid in cash, in kind or by way of set-off. The Board's authorization shall be limited in that the total number of ordinary shares, the number of ordinary shares to which convertibles may be converted into and the number of ordinary shares that may be subscribed for by way of exercise of warrants issued under the authorization is limited to a maximum of twenty (20) percent of the total number of ordinary shares in the Company at the time of the first new issue resolution.

Resolution on authorization for the Board to resolve on repurchase of own ordinary shares
The Annual General Meeting resolved, in accordance with the Board's proposal, to authorize the Board to, on one or several occasions until the next Annual General Meeting, resolve on repurchase of own ordinary shares.

Resolution on authorization for the Board to resolve on transfer of own ordinary shares
The Annual General Meeting resolved, in accordance with the Board's proposal, to authorize the Board to, on one or several occasions until the next Annual General Meeting, resolve on transfer of own ordinary shares.

Resolution on reduction of the share capital through cancellation of repurchased shares and increase of the share capital through bonus issue without issue of new shares
The Annual General Meeting resolved to reduce the share capital by SEK 720,000 through cancellation of 600,000 ordinary shares held by the Company and to increase the share capital of the Company by SEK 720,000 by way of a bonus issue without issue of new shares. The purpose of the reduction of the share capital is for transfer to the Company's non-restricted equity. The purpose of the increase of the share capital through bonus issue is to restore the share capital to its original level after the completed reduction of the share capital. Following the completion of the bonus issue, the share capital of the Company will thus be equal to the share capital before the reduction.

Complete proposals
The Board's and the nomination committee's complete proposals are available on the Company's website, www.genova.se. The minutes kept at the Annual General Meeting will be made available on the Company's website on 19 May 2025 at the latest.

Other
The Annual General Meeting was held by attendance of the shareholders in person. The shareholders could also choose to exercise their voting rights at the Annual General Meeting through postal voting.

For further information, please contact:

CEO, Michael Moschewitz, mobile +46 (0)70-713 69 39, michael.moschewitz@genova.se
The information was submitted for publication, through the agency of the contact person set out above, on 5 May 2025 at 12:10 CEST.

About Genova
Genova Property Group AB (publ) is a dynamic property company with extensive expertise in various segments of the property market. The company aims to drive sustainable value growth through active property management, urban development, project development and property transactions in Sweden. As of 31 March 2025, Genova owned properties valued at approximately SEK 9.5 billion and the company held a substantial building rights portfolio. Genova's share has been listed on Nasdaq Stockholm since 2020.

Genova - Smålandsgatan 12 - SE-111 46 Stockholm - www.genova.se