Annual General Meeting of NetEnt AB (publ) on April 25, 2018
At NetEnt AB (publ)’s annual general meeting on Wednesday April 25, 2018, the following was resolved.
Adoption of financial statements and dividend
The annual general meeting (AGM) adopted the income statement and balance sheet along with the consolidated income statement and balance sheet and resolved that no dividend is to be paid for the financial year 2017. Please note the section regarding share split and automatic redemption procedures below.
Board of Directors
The Board of Directors and the President and CEO were discharged from liability for the financial year 2017. The AGM resolved on re-election of Fredrik Erbing, Peter Hamberg, Pontus Lindwall, Michael Knutsson, Maria Redin, Jenny Rosberg and Maria Hedengren. Fredrik Erbing was elected new chairman of the Board. Vigo Carlund declined to be re-elected. It was decided that remuneration for the Board of Directors shall be SEK 710,000 for the chairman and SEK 305,000 for each of the members of the board elected by the annual general meeting who are not employees of the company and in addition thereto, remuneration to the chairman of the audit committee shall be SEK 110,000 and to each of the other members of the audit committee SEK 35,000. Remuneration for the auditor shall be in accordance with approved invoice. Further, the AGM resolved that the Board of Directors is authorised to, on discretionary grounds, appoint a vice chairman and that the remuneration for such vice chairman shall amount to maximum SEK 150,000 annually.
The AGM decided that the nominating committee shall be formed during October 2018 after consultation with the largest shareholders as per August 31, 2018. The mandate period shall run from the release of the interim report for the third quarter 2018 until the next nominating committee is formed. The chairman of the Board of Directors shall be a member of the nominating committee and is responsible for summoning the nominating committee. In addition to the chairman of the Board of Directors, the nominating committee shall consist of three members.
Guidelines for remuneration to senior executives
The AGM resolved to adopt the Board of Directors’ proposal regarding guidelines for remuneration to senior executives.
Share split and automatic redemption procedure
The AGM resolved to adopt the Board of Directors’ proposal regarding share split and automatic redemption procedures, resulting in a value transfer to the shareholders corresponding to SEK 2.25 per share. In the inaugural meeting following the AGM, the Board of Directors resolved, in accordance with the mandate from the annual general meeting, the record day for the share split to be May 9, 2018 and the record day for redemption of redemption shares to be May 29, 2018.
Authorization for the Board to resolve on acquisition of own shares and transfer of own shares
The AGM resolved to adopt the Board of Director’s proposal regarding authorization for the Board of Directors to make decisions on acquisition and transfer of the company’s own shares.
The complete resolutions
The minutes for the annual general meeting including the complete resolutions as per above will be available shortly on the company’s website. In addition, there is an information brochure regarding the splitting of shares and automatic redemption procedures on the website www.netent.com/agm.
For additional information please contact:
Therese Hillman, Acting CEO, NetEnt AB (publ)
Phone +46 8 57 85 45 00
This information is information that NetEnt AB (publ) 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 18:30 CET on April 25th, 2018.
NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs more than 1,000 people in Stockholm, Malta, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey. www.netent.com