Summary from the Extraordinary General Meeting of Bambuser
Bambuser’s Extraordinary General Meeting (EGM) was held today, Thursday, 27 September 2018, where it was resolved to implement incentive programs through the issue of warrants to senior executives and key employees, as well as to the board of directors.
In accordance with the Board’s proposal, the EGM resolved to implement an incentive program, by issuing a maximum of 1,785,274 warrants, for senior executives and key employees in the Group, a total of 13 persons.
Furthermore, in accordance with the proposal of lager shareholders, the EGM resolved to implement an incentive program, by issuing a maximum of 892,637 warrants, for the company’s current Board of Directors.
For both programs apply that the warrants are issued at market price calculated according to the Black & Scholes-model. Subscription of shares through exercise of warrants takes place during the period 1 July 2021 - 30 September 2021 at the set subscription price of SEK 3,54 per share. Each warrant entitles the holder to subscribe for one (1) new share in Bambuser. Therefore, in case of full exercise of the warrants, the company’s share capital will increase by a total of SEK 133,895.55 (SEK 89,263.70 with respect to the program for the Management and SEK 44,631.85 for the Board).
Furthermore, the EGM resolved on guidelines for the appointment of a Nomination Committee ahead of the 2019 Annual General Meeting.
Certified Advisor
Västra Hamnen Corporate Finance is Certified Advisor (CA) to Bambuser AB (publ).
Contact information
Fredrik Ramberg, Chairman of the Board
Mobile: +46 (0) 703 620 815
E-mail: fredrik@ramadvisor.se
or visit: bambuser.com/ir
About Bambuser AB
Bambuser is a Swedish software company that offers B2B solutions for live video. Since 2007, the Company has developed a platform for interactive live video broadcasts enabling live video streaming from mobile phones and web cams to the Internet.
The breakthrough occurred in 2010, when the Company's service was used to report the unrest in Egypt during the parliamentary elections. The following year, videos were produced via Bambuser and used in several television broadcasts throughout the world during the Arab Spring. Today, Bambuser’s service is installed in more than 50 million phones and has over the years reached 100s of millions of news consumers through companies like CNN, BBC, Al Jazeera, SkyNews, etc.
Since 2014, Bambuser has chosen to focus on B2B, Business-to-Business, to increase the spread of the company's products and strengthen its long-term revenue potential. Among the customers are companies as Associated Press, Aftonbladet, Schibsted, NRK and Vinculums.
About Bambuser AB
Bambuser is a Swedish software company that offers B2B solutions for live video. Since 2007, the Company has developed a platform for interactive live video broadcasts enabling live video streaming from mobile phones and web cams to the Internet.
The breakthrough occurred in 2010, when the Company's service was used to report the unrest in Egypt during the parliamentary elections. The following year, videos were produced via Bambuser and used in several television broadcasts throughout the world during the Arab Spring. Today, Bambuser’s service is installed in more than 50 million phones and has over the years reached 100s of millions of news consumers through companies like CNN, BBC, Al Jazeera, SkyNews, etc.
Since 2014, Bambuser has chosen to focus on B2B, Business-to-Business, to increase the spread of the company's products and strengthen its long-term revenue potential. Among the customers are companies as Associated Press, Aftonbladet, Schibsted, NRK and Vinculums.