Bulletin from annual general meeting in Everysport Group AB (publ) on 11 May 2023
Today, 11 May 2023, Everysport Group AB (publ) held its annual general meeting ("AGM").
Adoption of accounts and liability
The AGM adopted the balance sheet and profit and loss accounts of the parent company and the Group. The Board of Directors and the CEO was discharged from liability for the financial year 2022.
Disposition of result
The AGM resolved that no dividend shall be paid for the financial year 2022, and that the result shall be carried forward.
Board of Directors and fees
The AGM resolved, in accordance with the Nomination Committee's proposal, to re-elect the board members Michael Hansen, Johan Ejermark, and Mernosh Saatchi and to elect Hannes as new board member. Michael Hansen was re-elected as Chairman of the Board of Directors.
Furthermore, the AGM resolved in accordance with the Nomination Committee's proposal, that until the next AGM, fees shall be payable with SEK 170,000 to the Chairman of the Board of Directors and SEK 85,000 to each of the other members of the Board of Directors elected by the meeting except for Johan Ejermark. For work in the committees, fees shall be payable with SEK 65,000 to the Chairman of the Audit Committee, SEK 50,000 to member of the Audit Committee, SEK 30,000 to the Chairman of the Remuneration Committee and SEK 10,000 to member of the Remuneration Committee.
Auditors
Furthermore, the AGM resolved in accordance with the Nomination Committee's proposal to re-election of Ernst & Young AB as auditor for a mandate period of four years. The authorized auditor Andreas Nyberg will continue to be the company's chief auditor.
Guidelines for remuneration to senior executives
The AGM approved the Board of Directors' proposed guidelines for renumeration to senior executives.
Issue authorisation
The meeting authorised the Board of Directors to resolve on new issue of shares, warrants and/or convertibles in the Company on one or several occasions for the period up until the next AGM. The total number of shares that may be issued by virtue of the issue authorization may correspond to a maximum of 20 percent of the total number of outstanding shares in the Company at the time of the AGM. The reason for the Board of Directors to be able to resolve on issues with deviation from shareholders' preferential rights and/or with a provision on contribution-in-kind and set-off or otherwise with conditions as above is that the Company shall be able to issue shares, warrants and/or convertibles in connection with acquisitions of companies or operations, and be able to carry out issues on the capital market for the purpose of raising capital to the Company.
Warrant program 2023
The AGM approved the Board of Directors' proposal, on a warrant program for certain employees in the group. The program is divided into two different series of warrants with two different maturities. In total, the program is estimated to include a maximum of 365,386 warrants, of which 182,693 warrants are of series 2023/2025 and 182,693 warrants are of series 2023/2026. Each warrant entitles the holder to subscribe for a new share in the company at a subscription price of SEK 15. The warrants must be transferred to the participants on market terms at a price (premium) determined on the basis of a calculated market value for the warrants using a generally accepted valuation model (Black & Scholes).
Board program 2023
The AGM approved the shareholders' proposal, on a warrant program for certain board members. The program is divided into two different series of warrants with two different maturities. In total, the program is estimated to include a maximum of 30,444 warrants, of which 15,222 warrants are from series 2023/2025 and 15,222 warrants are from series 2023/2026. Each warrant entitles the holder to subscribe for a new share in the company at a subscription price of SEK 15. The warrants must be transferred to the participants on market terms at a price (premium) determined on the basis of a calculated market value for the warrants using a generally accepted valuation model (Black & Scholes).
Any questions answered by:
Hannes Andersson, CEO, Everysport Group AB, tel: +46 70 736 56 25
e-mail: hannes.andersson@everysport.com
Everysport Group is a group within sports. The business is divided into two business areas: Everysport Media and Every Padel. Within Everysport Media, digital platforms and services in sports are owned and developed, and within the business area Every Padel, operations are conducted within the fast-growing sport of padel. The group has a total of approx. 110 employees. The head office is in Stockholm, the company also has offices in Norway and the USA. Everysport Group AB (publ) is listed on Spotlight Stock Market (EVERY).