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Bulletin from Extraordinary General Meeting in Zutec Holding AB (publ)

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Today, an Extraordinary General Meeting in Zutec Holding AB (publ) (the “Company”) was held at Eversheds Sutherland's offices at Strandvägen 1 in Stockholm.

  • The meeting resolved, in accordance with the Board’s proposal, to amend the Articles of Association regarding:
  1. Participation at general meetings, in order to comply with upcoming changes in Chapter 7 Section 28 of the Swedish Companies Act; and
  2. The limits of the share capital and the number of shares.
  • The meeting resolved on a rights issue, in accordance with the Board’s proposal. According to the resolution, the Company’s share capital may increase with a maximum of SEK 7,083,334 by issue of 35,416,670 shares.
  • The meeting resolved on an issue of shares to the public, in accordance with the Board’s proposal, including the public of Sweden and Ireland. According to the resolution, the Company’s share capital may increase with a maximum of SEK 350,877 by issue of 1,754,385 shares.
  • The meeting resolved, in accordance with the Board’s proposal, to implement a share-based incentive program, by way of a directed issue of warrants to the Company’s subsidiary, followed by a transfer of warrants to the participants. The incentive program comprises of 5,900,000 warrants and upon full exercise the Company’s share capital may increase with a maximum of SEK 1,180,000.
  • The meeting resolved, in accordance with the Board’s proposal, on a directed issue of warrants to the CEO. The number of warrants amounts to 8,850,000 and upon full exercise the Company’s share capital may increase with a maximum of SEK 1,770,000.
  • The meeting resolved that the number of directors of the Board will be five. Erik Gabrielson and Per Åkerman were elected as new directors of the Board and the current director Mikael Näsström was elected as chairman of the Board. This means that the Board has the following composition:
  1. Mikael Näsström (chairman)
  2. Stefan Charette
  3. Brian McGuire
  4. Erik Gabrielson
  5. Per Åkerman

For more information, please contact:

Gustave Geisendorf, CEO at Zutec, gustave.geisendorf@zutec.com, +353 1 201 3565

About Zutec

Zutec is a niche provider of cloud-based construction management software with offices in Dublin, London and Melbourne.

Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).

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