Discussions and Decisions at Sleep Cycle's Yearly Shareholders Gathering, 2025
Sleep Cycle's Annual Rundown: A Lowdown on the AGM
Last week, Sleep Cycle AB threw their annual bash, also known as the Annual General Meeting (AGM), where they tossed around some crucial decisions. Here's the deets!
Income Statement & Balance SheetThe AGM welcomed the income statement, balance sheet, and consolidated reports for the financial year 2024 with open arms.
Dividend SplitIt was decided to split the dividend into two parts: an ordinary dividend of SEK 1.85 per share and an extraordinary dividend of SEK 1.15 per share. Mark your calendars, folks, as the record date was set for 10 April 2025. The cash should start flowing by 15 April 2025, courtesy of Euroclear Sweden AB.
Discharge from LiabilityThe Board members and CEO danced off the hook this year, as they were discharged from any liability for their work in 2024.
Board RenewalThe party's over, as Anne Broeng, Maciej Drejak, Mathias Høyer and Hans Skruvfors are all set to carry on with their Board duties. Anne Broeng will stay put as the Chairperson. Newcomers? None this year, it seems.
Fees GaloreBoard fees will be paid at SEK 750,000 to the Chairperson and SEK 296,000 to each other Board member. Audit Committee members will pocket SEK 127,500 as Chair and SEK 66,500 as a regular member. For the Remuneration Committee, the Chair will earn SEK 66,500, while other members will get SEK 41,000.
Ohrlings PricewaterhouseCoopers AB, Here's Looking at You KidThe auditor of choice this year is, once again, Ohrlings PricewaterhouseCoopers AB, until the next AGM in 2026. Fees will be tossed their way as approved in the invoice.
Remuneration Report ApprovedThe Board of Directors' remuneration report for 2024 was given the green light in accordance with Chapter 8, Section 53 a of the Swedish Companies Act.
Remuneration GuidelinesThe rules for doling out dough to senior executives were also given the thumbs up this year, as proposed by the Board.
For more details, we recommend you drop by our website or give us a call.
Catch Us on the PhoneFor media queries, Elisabeth Hedman, our CFO and Head of Investor Relations, is on standby at +46 76 2828 958. If you're looking for PR and Communications, Jonna Grenfeldt's on speed dial at +46 70 735 7539.
About Sleep CycleWe here at Sleep Cycle are all about waking up the world to the beauty of a good night's sleep. Our app helps you build good habits, tackle sleep issues, and discover insights into your sleep patterns. With patent-protected sound technology and over 3 billion analyzed sleep sessions, we've got the sleep scoop sorted. Sleep Cycle went public on Nasdaq Stockholm under the ticker SLEEP, with our headquarters in the vibrant city of Gothenburg, Sweden.
Finance Business The AGM discussed various financial matters, including the approved income statement, balance sheet, and consolidated reports for the financial year 2024.
Board Fees The fees for the Board members, including the audit and remuneration committees, were all set for the upcoming year, which falls under the finance business category.
