Resume-Annual General Meeting
(This is a translation; if any differences the Swedish one is the valid one)
Delta Minerals has held an Annual General Meeting on Thursday 9 June, 2016, at 13.00 at Birger Jarl Conference, Birger Jarlsgatan 61A, Stockholm
The General Meeting approved the Board's proposals and all decisions were taken unanimously.
The General Meeting decided:
1. To
(a) Determine of the income statement and the balance sheet.
(b) Disposing the company's loss according to the stated balance sheet.
(c) Approving discharge to the Board Directors and the Chief Executive Officer.
2. Determine fees to the Board of Directors
A fee of 75 000 SEK shall be paid to each of Board Director and 125 000 SEK shall be paid to the Chairman of the Board, but not to those that otherwise receive compensation for work performed in the Group. Fees to the auditor is proposed in accordance with approved bills.
3. Election of Board Directors
Thomas Lundgren, Christian Bönnelyche and Cornelio Casido with Håkan Gustafsson as Chairman have been reelected.
4. Election of Auditor
Öhrlings PricewaterhouseCoopers AB as auditors are reelected.
5. Decision amending company name
It was decided to change the name of the company changed to “Delta Environmental Projects AB”.
6. Decision to amend the Articles of Association
"§ 1 the name of the company
The name of the company is Delta Environmental Projects AB. The Company is public (pub). "
"§ 4 share capital
The share capital shall be not less than 2 921 0000 SEK and not more than 11 684 0000 SEK.
§ 5 Shares
The number of shares shall be not less than 127 0000 0000 and not more than 508 000 000. "
7. Authorization of the Board to decide on a new issue of shares/warrants/convertibles
The Board of Directors proposes that the Annual General Meeting authorizes the Board to, on one or more occasions, during the period to the next Annual General Meeting, with or without preferential rights for shareholders, decide on a new issue of shares, the issue of warrants and/or convertible bonds according to the statutes at any given time. Rights issue and private placement shall take place against cash payment and/or with provision for non-cash issue or setoff or with other conditions.
For further information, please contact
Hakan Gustafsson, Chairman of the Board, hakan.gustafsson@deltaminerals.se, mobile + 46-70 268 00 35.
Thomas Lundgren, CEO, thomas.lundgren@deltaminerals.se, mobile + 46-70 397 25 24.
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Facts about the company
Delta Minerals AB is a Swedish public company listed on AktieTorget with the right to pursue environmental projects in the Philippines with the support of regional/local authorities. The company's objective is to commence operations in estuaries of Northwestern/Northern Philippines for extraction of minerals and sand.