Bulletin from Balco Group’s Extraordinary General Meeting 2020

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The shareholders of Balco Group AB ("Balco" or "the Company") gathered on Tuesday 24 November 2020 in Växjö, Sweden, for the Extraordinary General Meeting.

The Extraordinary General Meeting resolved, in accordance with the proposal by the Board of Directors, to establish the incentive programme 2020/2023 through a directed issue of not more than 400,000 warrants, and to approve that the wholly-owned subsidiary that has subscribed for the warrants, transfers them to the participants in the incentive programme. The rationale for the proposed incentive programme is to create conditions for retaining and recruiting competent personnel to the group, provide competitive compensation and reconcile the interests of the company’s shareholders and the participants as well as promote a personal shareholding, and thereby promote shareholder value and the company’s long-term value creation capability.

The Extraordinary General Meeting resolved, in accordance with the proposal by the Board of Directors, to amend the Articles of Association, through which the term “company name” (Sw. firma) in § 1 of the Articles of Association is adjusted to “company name” (Sw. företagsnamn). The amendment is a consequence of the fact that the concept in question has been reworded in the relevant legislation.

For more information, please contact:

Michael Grindborn, CFO and Head of IR, +46 70 670 18 18, michael.grindborn@balco.se

The information was submitted for publication, through the agency of the abovementioned person, on 24 November 2020 at 17:45 CET.

Balco is a growth company offering high quality, innovative, patented and energy-saving balcony solutions. The company’s customised products contribute to enhanced quality of life, security and an increase in value for residents of multi-family residential properties. Through a decentralized and efficient sales process, Balco has control over the entire value chain – from production to delivery. The company, which was founded in Växjö in 1987 and which has over 400 employees, is a market leader in the Nordic region, and operates on several markets in northern Europe. Sales in 2019 amounted to SEK 1,221 M. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.

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