STOCKHOLM, Jan. 14, 2020 /PRNewswire/ -- On Tuesday,
14 January 2020, MAG Interactive AB
(publ) held its Annual General Meeting with Birgitta Stymne
Göransson as chairman. The Annual General Meeting revolved upon,
inter alia, the following:
Adoption of balance sheets and income statements
The Annual General Meeting adopted the parent company's income
statement and balance sheet, as well as the consolidated income
statement and the consolidated balance sheet for MAG Interactive
for the financial year 2018/2019.
Allocation of profit or loss
The Annual General Meeting resolved to allocate the company's
loss in accordance with the Board of Directors' proposal.
Board of Directors
The board members and the CEO were discharged from liability for
the financial year 2018/2019.
The Annual General Meeting resolved that the number of board
members shall be six and re-elected the board members Daniel Hasselberg, Teemu Huuhtanen, Birgitta
Stymne Göransson, Andras Vajlok and Taina Malén, and resolved to
elect Asbjørn Søndergaard as new board member.
Birgitta Stymne Göransson was elected as chairman of the board
of directors.
Fees to the Board of Directors
The Annual General Meeting resolved that fees amounting to
SEK 400,000 shall be paid to the
chairman of the Board of Directors and that fees amounting to
SEK 200,000 shall be paid to each of
the other board members not employed by the company.
Auditors
The Annual General Meeting resolved that the registered auditing
firm PricewaterhouseCoopers AB shall be re-elected as the company's
auditor for the period until the end of the next Annual General
Meeting.
Guidelines for remuneration for the CEO and executive
management
The Annual General Meeting approved the Board of Directors'
proposal regarding guidelines for remuneration for the CEO and
executive management in accordance with the proposal presented in
the notice of the Annual General Meeting.
Authority for the board of directors to issue new
shares
The Annual General Meeting resolved, in accordance with the
Board of Directors' proposal, to grant the Board of Directors the
authority, on one or more occasions for the period until the end of
the next Annual General Meeting, to issue new shares, either
applying or disapplying the shareholders' pre-emption rights. The
number of shares issued by virtue of the authority may not exceed
an increase of ten (10) percent of the share capital based on the
total share capital of the company on the date of the Annual
General Meeting 2020. If the Board of Directors resolves to issue
new shares disapplying the shareholders' pre-emption rights, the
reason for this must be to implement an acquisition agreement, or,
alternatively, to procure capital for such acquisition.
Adoption of a long-term employee stock option program and
resolution regarding an issue of warrants and transfer of shares
and/or warrants
The Annual General Meeting resolved, in accordance with the
Board of Directors' proposal, to implement a long-term employee
stock option program for employees of MAG interactive.
In order to enable the company's delivery of shares under the
employee stock option program the Annual General Meeting resolved,
in accordance with the board of directors' proposal, to issue not
more than 586,426 warrants in two series to a wholly owned
subsidiary of MAG Interactive, and to approve that the subsidiary
transfers shares and/or warrants to the participants of the
employee stock option program in connection with exercise of the
employee stock options. Since the warrants are intended to secure
delivery of shares in the employee stock option program as well as
enable the participants' choice between cash exercise or cashless
exercise, the subsidiary will not exercise more than 293,213
warrants (of either series), which corresponds to the maximum
number of employee stock options in the employee stock option
program.
Adoption of a long-term warrant program and resolution
regarding an issue of warrants
The Annual General Meeting resolved, in accordance with the
Board of Directors' proposal, to implement a long-term warrant
program for certain members of the executive management of MAG
Interactive.
In order to enable the company's delivery of shares under the
warrant program the Annual General Meeting resolved, in accordance
with the Board of Directors' proposal, to issue not more than
233,213 warrants to the participants in the warrant program.
The Board of DirectorsMAG Interactive AB (publ)
For additional information, please
contact:
Daniel Hasselberg,
CEO
+46-(0)8-644-35-40
daniel@maginteractive.se
Magnus Wiklander, CFO
+46-(0)8-644-35-40
magnus.wiklander@maginteractive.se
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/mag-interactive/r/bulletin-from-mag-interactive-s-annual-general-meeting,c3006243
The following files are available for download:
https://mb.cision.com/Main/16579/3006243/1173999.pdf
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