Bulletin from Annual General Meeting
The annual general meeting of G5 Entertainment AB (publ) was held at 7a Conference center, Strandvägen 7a in Stockholm, on May 7, 2018.
Petter Nylander was elected chairman of the meeting. During the meeting CEO Vlad Suglobov gave a presentation of the 2017 financial year and the current status of G5 Entertainment AB (publ).
The meeting, amongst other things, decided on the following matters:
Members of the Board of directors and remuneration to the Board of directors
Chris Carvalho, Petter Nylander, Jeffrey Rose, Vlad Suglobov (CEO), Johanna Fagrell Köhler and Stefan Lundborg were re-elected as members of the board. Petter Nylander was appointed chairman of the board. It was resolved that the remuneration to the board should comprise of SEK 450,000 to the chairman and SEK 250,000 to each of the other members appointed by the general meeting and not employed by the company. It was also resolved that fees for the upcoming term, in addition to directors ' fees, shall be paid to the members of the company's Audit Committee and the Compensation Committee. The fee to the chairman of the Audit Committee shall amount to SEK 80,000 and SEK 50,000 each, to be paid to the other members of the Audit Committee and the fee to the chairman of the Compensation Committee shall amount to SEK 50,000 and SEK 30,000 each to be paid to the other members of the Compensation Committee
The meeting approved to pay a dividend of SEK 2.50 per share, in total SEK 22,134,385, as suggested by the Board. Payment from Euroclear is estimated to be made on May 15, 2017.
Discharge from liability
The meeting decided to discharge the board and the CEO from liability for the financial year 2017.
The meeting resolved to elect PwC as audit firm with Aleksander Lyckow as auditor in charge for the period until the end of the next annual general meeting. The meeting also resolved that remuneration to the auditors shall be paid on approved invoices.
The meeting approved the nomination committee's proposal regarding guidelines for the nomination committee.
Remuneration to senior executives
The meeting resolved to adopt the Board’s proposal for guidelines for remuneration to senior executives.
Authorization, share issue
The meeting resolved to authorize the Board for the period until the next annual general meeting, on one or more occasions, to decide to issue a maximum of 885,375 shares in order to facilitate acquisitions and raising capital.
Repurchase of warrants
The meeting resolved to authorize the Board, until the next Annual General Meeting and on one or more occasions, to resolve on repurchase of warrants issued by the annual general meeting 2015. The price for the repurchase of warrants shall correspond to the market value.
More information about the Company can be found on www.g5e.se/corporate.
For further information, please contact:
Stefan Wikstrand, CFO, +46 76 00 11 115
This information is information that G5 Entertainment AB (publ) is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact person set out above, at 12.30 CET on May 7, 2018.
About G5 Entertainment
G5 Entertainment AB (publ) (G5) is Sweden’s largest publicly listed game developer and publisher. G5 develops and publishes high quality free-to-play games for both smartphones and tablets that are family-friendly, easy to learn, and targeted at the widest audience of both experienced and novice players. The group distributes their games through the Apple, Google, Amazon, and Windows application stores. The company’s portfolio includes popular games like Hidden City®, Mahjong Journey®, Survivors: The Quest®, The Secret Society®, Pirates & Pearls (tm), and Twin Moons®.
Through its head entity G5 Entertainment AB (Publ), G5 Entertainment Group is publicly listed on Nasdaq Stockholm’s main market mid cap segment under trade symbol G5EN.ST. For the 5th year in a row, G5 Entertainment is ranked in Deloitte’s Top 500 Fastest Growing Tech Companies in Europe, the Middle East and Africa.