Communication from Climeon AB (publ) Annual General Meeting April 19 2018
On Thursday April 19, 2018 the shareholders of Climeon AB (publ) held their Annual General Meeting in Stockholm. Below follows a summary of the key decisions taken at the meeting.
Annual report
The annual report and the audit report were presented and adopted.
Discharge
The annual general meeting discharged the members of the board and the CEO from liability.
Remuneration
The annual general meeting decided a total remuneration to the board of directors of SEK 720,000 (last year SEK 325,800), to be distributed to the chairman SEK 240,000 (last year SEK 114,600) and members not employed by the company by SEK 120,000 (last year SEK 52,800).
The fee for the audit company was determined to be paid according to a reasonable cost statement.
Board
At the annual general meeting it was decided to re-elect Per Olofsson, Thomas Öström, Stefan Brendgen, Olle Bergström, Vivianne Holm and Therese Lundstedt. Per Olofsson was re-elected as chairman of the board at the constitutive board meeting held in conjunction with the AGM.
Auditors
The meeting re-elected Deloitte AB as auditors. Johan Telander, authorised public accountant, will continue as auditor in charge.
Presentation by the CEO
In a presentation on behalf of the company, by CEO Thomas Öström and COO Christoffer Andersson, it was described how the company has developed during 2017.
Approval of the board’s proposal for an incentive program for employees
The meeting decided to approve the decision made by the board regarding incentive program for employees through issuing of a maximum of 400,000 warrants. Each warrant entitles to subscription of one new B share in the company at a price corresponding to 220 percent of the volume weighted average price listed for the company’s shares at First North Premier 20 trading days prior to 1 May 2018. Subscription of B-shares can take place during the period from 1 September 2021 up to an including 15 September 2021 or the earlier date set forth in the terms for the warrants. For each warrant subscribed a price per warrant equal to the market value calculated according to the Black & Scholes valuation model will be paid.
The board was authorized to decide on new issues of shares
The annual general meeting decided in accordance with the board’s proposal to authorize the board to, until the next annual general meeting, decide upon issues of new share B-shares, up to 3 000 000 new B shares.
For more information, please contact:
Thomas Öström, CEO, Climeon
+46 708 94 96 05
thomas.ostrom@climeon.com
Per Olofsson, Chairman of the board
+46 73 311 80 82
Or visit www.climeon.com
Climeon AB (publ)
The Board of directors
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