Decisions from Bambuser’s Annual General Meeting 29 April 2021
Bambuser’s annual general meeting was held on 29 April 2021. The resolutions passed included the following.
Due to the current situation as a result of Covid-19, the meeting was carried out by advance voting only (postal voting) with the support of temporary legislation. Thus, no physical meeting was held.
The meeting approved the income statement and balance sheet for the financial year 2020.
The meeting resolved that no dividend will be paid for the financial year 2020.
Board members and the CEO were discharged from liability for the financial year 2020.
The meeting resolved that the board shall consist of six members, without deputy board members, and re-elected Mikael Ahlström, Joel Citron, Karin Karlström, Carl Kinell, Mark Lotke and Alexander Macintyre as board members. Joel Citron was re-elected as chairman of the board. The meeting resolved that a fee of SEK 250 000 shall be paid to each of the board members Mikael Ahlström and Karin Karlström and that no compensation shall be paid for committee work.
Mazars AB was re-elected as auditor. Michael Olsson will continue to be the auditor in charge. Auditor fee shall be paid in accordance with approved account.
The meeting resolved on guidelines for the appointment of a nomination committee in accordance with the proposal of the nomination committee.
The meeting resolved, in accordance with the board’s proposal, on an authorization for the board to issue maximum 3,246,481 warrants entitling to subscription for shares in the company. The right to subscribe for the warrants shall be granted the subsidiary Bambuser Incentive AB, another group company or a third party, and the purpose with the authorization is to secure the company’s costs in relation to the company’s options programs.
The meeting resolved, in accordance with the board’s proposal, on an authorization for the board to, with or without deviation from the shareholders' preferential rights, decide on new issue of shares, warrants and/or convertibles in the company. The total number of shares covered by such new issues may in total correspond to a maximum of ten (10) percent of the shares in the company at the time the authorization is used. The purpose of the authorization is to enable further financing of the company's operations, to finance company acquisitions or acquisitions of businesses or assets, to be able to issue the said instruments as remuneration in such acquisitions and in the company strategic collaborations, to enable an issue to industrial partners and to broaden the shareholder group.
The meeting resolved, in accordance with the board's proposal, to amend the articles of association by adding a new paragraph that enables the board to collect proxies and approve postal voting prior a general meeting. Information about the meeting is available on the company’s website.
Sherry Smith, Corporate Communications, Bambuser AB | +46 8 400 160 00 | email@example.com
Erik Penser Bank AB | +46 8 463 83 00 | firstname.lastname@example.org
About Bambuser AB
Bambuser is a software company specializing in interactive live video streaming. The Company's primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm.