Bulletin from the Annual General Meeting in Artificial Solutions International AB
Artificial Solutions International AB ("Artificial Solutions" or the "Company") has today, on 26 June 2024, held its Annual General Meeting (the "AGM") whereby the shareholders passed the following resolutions. The notice to the AGM and the complete proposals are available on the Company's website, www.investors.artificial-solutions.com.
Adoption of the income statement and balance sheet
The AGM resolved to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.
Allocation of result
The AGM resolved, in accordance with the board of directors' proposal, that no dividend shall be made for the financial year 2023 and that the result for the year shall be carried forward.
Discharge from liability
The members of the board of directors and the CEO were discharged from liability for the financial year 2023.
Election of the board of directors and auditor and remuneration
The AGM resolved, in accordance with the nomination committee's proposal, that the board of directors shall consist of five board members without deputy board members. It was further resolved that the number of auditors shall amount to one.
The AGM resolved that the remuneration to the board of directors shall be paid in a total amount of SEK 1,500,000, of which the chairman of the board shall receive 500,000 and each one of the other AGM-elected board members shall receive SEK 250,0000. Remuneration for work carried out in the board of directors' committees is not included in the remuneration. The AGM further resolved, in accordance with the nomination committee's proposal, that remuneration to members of the audit committee be paid with SEK 100,000 to the chairperson of the audit committee and SEK 50,000 to each other member of the audit committee.
The AGM resolved, in accordance with the nomination committee's proposal, that remuneration will be paid to the auditor as per approved invoice.
The AGM resolved to re-elect Johan Gustavsson, Mathias Björkholm and Lars Roth and to elect Sara Kullgren and Inna Kaushan as board members for the period until the end of the next annual general meeting. Johan Gustavsson was, in accordance with the nomination committee's proposal, elected chairman of the board of directors.
Description of the proposed new board member Inna Kaushan
Year of birth: 1983
Current assignments: Board member of Causility Group and Ultinous, where she is also responsible for corporate development and Partner at Stockhorn Capital.
Previous assignments and experience: Inna was a partner and ran Solna for many years, which worked to simplify and streamline invoicing for companies. Inna has also worked in M&A and Corporate Finance at Erste Group, KPMG and ARTA Investment Partners. Inna was also previously a senior economist at the National Bank of Ukraine, where she worked for over five years.
Education: PhD in Economics from The National Academy of Sciences and a master's in Economic Relations from Taras Shevchenko National University.
Holdings in the Company: 0 shares.
Inna is independent in relation to the Company and its management, but dependent in relation to major shareholders.
Grant Thornton Sweden AB was, in accordance with the nomination committee's proposal, re-elected as auditor. Grant Thornton Sweden AB has informed the Company that the authorized public accountant Carl-Johan Regell will be the auditor in charge.
Resolution on the implementation of Warrant Program 2024/2027
The AGM resolved on establishment of Warrant Program 2024/2027 through a directed issue of warrants to the Company, and approval of transfer of warrants to key persons of the Company or its subsidiaries. The AGM resolved to not approve Paul St. John's participation in Warrant Program 2024/2027. The complete proposal for Warrant Program 2024/2027 can be found in the notice to the AGM that was made public on 24 May 2024.
Issue authorization
The AGM resolved, in accordance with the board of directors' proposal, to authorize the board of directors to, within the framework of the articles of association that apply when the board uses the authorization, until the next Annual General Meeting, on one or more occasions, with or without deviation from the shareholders’ pre-emptive rights, resolve on an increase of the company’s share capital by issuing shares, warrants and/or convertible instruments. The total number of shares covered by such issues may correspond to a maximum of 20 per cent of the shares in the company, based on the total number of shares in the Company at the time of the first resolution by the board under this authorization.
Amendment of the articles of association (change of company name)
The AGM resolved, in accordance with the board of directors' proposal, to amend the Company's articles of association by primarily changing the company name to Teneo AI AB, secondly to Artificial Solutions Teneo AB and thirdly to AI Teneo AB. In the event that the Swedish Companies Registration Office does not approve any of the proposed company names, the Company will continue to be called Artificial Solutions International AB.
For further information:
Per Ottosson, CEO, Artificial Solutions
Email: per.ottosson@artificial-solutions.com
About Artificial Solutions
Artificial Solutions® (SSME: ASAI) is a leader in AI. Our platform, Teneo®, is used by millions of people across hundreds of private and public sector SaaS deployments worldwide. Our solution OpenQuestion® optimizes routing for Contact Centers to better serve customers and reduce costs.
Teneo runs 86 languages and dialects and can be fully integrated with call center and contact center systems. Teneo.ai, Teneo and OpenQuestion are registered brands by Artificial Solutions.
Artificial Solutions International is listed on Nasdaq First North Growth Market in Stockholm with short name ASAI. Redeye is the Company's Certified Adviser.
Learn more at www.investors.artificial-solutions.com.