Bulletin from the annual general meeting of Terranet AB on 21 May 2024
May 21 2024 - 6:30AM
UK Regulatory
Bulletin from the annual general meeting of Terranet AB on 21 May
2024
The annual general meeting of Terranet AB (the “Company”) took
place today, 21 May 2024 at Eversheds Sutherland Advokatbyrå’s
premises at Sveavägen 20, 3 tr, in Stockholm. The meeting resolved
with the required majority as follows:
Adoption of the income statement and balance
sheet
The annual general meeting resolved to adopt Terranet’s income
statement and balance sheet as well as the consolidated income
statement and consolidated balance sheet.
Distribution of profit
The annual general meeting resolved to treat the result in
accordance with the proposal of the board of directors in the
annual report, meaning that the result is carried forward.
Discharge from liability
The directors and managing director were discharged from liability
for the 2023 financial year.
Election of the board of directors and auditor, and
directors and auditor’s fees
The annual general meeting resolved, in accordance with the
proposal from the nomination committee, that the board of directors
shall consist of six members with no deputies. It was further
resolved that the Company shall have one registered accounting firm
as auditor.
Mats Fägerhag, Anders Blom, Magnus Edman, Tarek Shoeb, Torgny
Hellström and Nils Wollny were re-elected as board members. The
annual general meeting resolved to re-elect Torgny Hellström as
chairman of the board.
The registered accounting firm Ernst & Young AB (“EY“) was
elected as the Company’s auditor. EY has announced that the
authorized public accountant Martin Henriksson will be the auditor
in charge.
It was resolved, in accordance with the proposal from the
nomination committee, that remuneration of SEK 175,000 shall be
paid to each of the members elected by the general meeting who are
not employed by the Company or the group, and SEK 475,000 to the
chairman of the board. A remuneration of SEK 25,000 shall be paid
to each of the members of the remuneration committee (maximum 3
persons) and a remuneration of SEK 60,000 shall be paid to each of
the members of the audit committee (maximum 2 members) and SEK
100,000 to its chairman. It was decided that fees to the auditor
shall be paid according to approved invoices.
Authorization
The annual general meeting resolved to authorize the board of
directors to, until the next annual general meeting, on one or more
occasions, resolve to issue series B shares, warrants and/or
convertibles with the right to subscribe for or convert series B
shares, with or without deviation from the shareholders’
preferential rights, within the limits of the articles of
association applicable from time to time, to be paid in cash, in
kind and/or by way of set-off. That the board of directors shall be
able to decide on a new issue without preferential rights for the
shareholders as described above is primarily for the purpose of
being able to raise new capital to increase the Company’s
flexibility for financing.
Resolution authorizing the board of directors
to make minor adjustments to the resolutions adopted at
the meeting
The annual general meeting resolved to authorize the board of
directors, the CEO or the person otherwise appointed by the board
of directors to make such minor adjustments and clarifications to
the resolutions adopted at the annual general meeting as are
necessary for the registration of the resolutions.
_______________
Stockholm, May 2024
Terranet AB
Board of Directors
For more information, please
contact:
Magnus Andersson, CEO
E-mail: magnus.andersson@terranet.se
or
Dan Wahrenberg, CFO
E-mail: dan.wahrenberg@terranet.se
About Terranet AB (publ)
Terranet is on a mission to save lives in urban traffic.
We develop breakthrough tech solutions for
Advanced Driver Assistance Systems (ADAS) and Autonomous
Vehicles (AV) that protect vulnerable road users.
With a unique patented vision technology,
Terranet’s anti-collision system BlincVision laser scans and
detects road objects up to ten times faster and with higher
accuracy than any other ADAS technology available today.
Terranet is based in Lund, Sweden, and in the
heart of the European automotive industry in Stuttgart, Germany.
The company is listed on Nasdaq First North Premier Growth Market
since 2017 (Nasdaq: TERRNT B).
For more information, please visit Terranet´s
website www.terranet.se.
Certified Adviser to Terranet is Mangold
Fondkommission AB, ca@mangold.se.
- PR_Annual General Meeting 2024
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