Report from Annual General Meeting of EnergyO Solutions Russia AB

Press release 26 May 2021

At the Annual General Meeting of EnergyO Solutions Russia AB (the “company”) on 26 May 2021 the following resolutions were adopted, in accordance with the proposals described in detail in the general meeting documents which are available at the company’s website:

1. The income statements and balance sheets of the company and the group for the financial year 2020 were adopted.
2. All available funds were carried forward and no dividend declared.
3. The members of the Board of Directors and the Chief Executive Officer were discharged from liability for the financial year 2020.
4. It was resolved that the number of directors shall be three, without deputy directors, and that the company shall have one auditor without a deputy.
5. It was resolved that the remuneration for the Board members shall be SEK 840,000 and be allocated as SEK 280,000 to each of the Board members. The auditor's fee shall be paid on the basis of an approved invoice.
6. Seppo Remes, Christopher Granville and Johan Elmquist were re-elected members of the Board of Directors. Seppo Remes was re-elected Chairman of the Board of Directors. PricewaterhouseCoopers AB, with Magnus Svensson Henryson as auditor in charge, was re-elected auditor.
7. It was resolved to redeem 950,739 shares repurchased from Pareto Securitites AB under the company’s synthetic buyback programme and to reduce the share capital by approximately SEK 1,172,387. The aggregate redemption consideration amounts to approximately SEK 12,944,828.
8. It was resolved to increase the share capital by approximately SEK 1,172,387 by way of a bonus issue.
9. Authorization for the Board of Directors, on one or several occasions prior to the next Annual General Meeting, to resolve on synthetic buybacks of own shares up to a maximum of 29.9 per cent of all outstanding shares in the company. The company shall for this purpose enter into a so-called swap agreement for a swap of the return on fixed-income funds against the return on the company’s shares. The counterparty to the swap agreement may be offered to have the underlying shares redeemed by the company.

Stockholm, 26 May 2021

For further information, please contact:

Ulf-Henrik Svensson, CEO, EnergyO Solutions Russia AB

E-mail: ir@eos-russia.com

Website: www.eos-russia.com

About EOS Russia

EOS Russia is an investment company headquartered in Stockholm. The overall objective of the company is to offer attractive returns via investments in the Russian electricity industry. EOS Russia's shares are listed on Nasdaq First North Growth Market, Stockholm.

Mangold Fondkommission AB is the company’s Certified Adviser. 

Telephone:+46 8 5030 1550

e-mail: ca@mangold.se