Communique from Annual General Meeting of CybAero AB (publ) on June 29th, 2017
The meeting decided
a) To adopt the annual accounts of the presented income statement and balance sheet.
b) To treat the profit for the year in accordance with the Board’s proposal, meaning that no dividend is paid for the fiscal year 2016 without recurring own equity.
c) Grant discharge to the Board of Directors and the Managing Director for their management of the company’s affairs during the previous financial year. The decision was unanimous and it is noted that the President and the Board did not participate in the decision.
The meeting decided that the Board shall consist of four members and no deputies and that a registered accounting firm shall be appointed as auditor.
The meeting decided that compensation paid to the Board in accordance with the nomination committee's proposal, will be SEK 150 000 to the chairman and SEK 75 000 to each of the directors equaling a total amount of 375 000 SEK. The meeting decided that fees paid to the auditor shall be paid in accordance with approved invoices.
The meeting decided re-election of the Directors Rolf Schytt, Michael Auerbach, Jan Ahlgren and Adam Rothstein. The Annual General Meeting also approved the election of the registered accounting firm Ernst & Young AB, with authorized public accountant Clas Tegidius lead auditor.
Michael Auerbach, Chairman of the Board
Telephone: 013-465 29 00
This information is information that CybAero AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15.45 CET on June 29 2017.
CybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) for safer and more effective aerial operations in various environments, including those hazardous in nature. The company has made a great international impact with its APID One helicopter, which can be adapted for both military and civilian applications such as coastal and border surveillance, search and rescue missions, and mapping. CybAero’s head office is located in the Mjärdevi Science Park in Linköping, Sweden. The company has around 50 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company's certified adviser.