Bulletin from Annual General Meeting in Net Trading Group NTG AB (publ)
Among others, the following resolutions were passed at the Annual General Meeting (the “AGM”) of Net Trading Group NTG AB (publ) (“NTG” or the “Company”) held today, on 30 June 2021.
Adoption of income statements and balance sheets for the financial year 2020 and discharge from liability
The AGM resolved to adopt the income statement and the consolidated income statement for the financial year 2020 as well as the balance sheet and consolidated balance sheet as of 31 December 2020, as set out in the annual report. The members of the Board of Directors and the CEO were discharged from liability for the financial year 2020.
Allocation of profit or loss
The AGM resolved, in accordance with the Board of Directors’ proposal, that no dividend shall be paid for 2020 and that the results of the Company shall be carried forward.
Election of board members, auditors, fees to the Board of Directors and auditors
The AGM resolved that the number of members of the Board of Directors shall be five without deputies and that the number of auditors shall be one, with one deputy auditor.
The AGM further resolved to re-elect Reidar Michaelsen, Nicolas Brun-Lie and Steven Royce as members of the Board of Directors, all for the period until the end of the next annual general meeting. Reidar Michaelsen was re-elected as the Chairman of the Board of Directors. The AGM resolved not to re-elect Morten Revill or Bjarne Eggesbø as members of the Board of Directors.
The authorised auditor Lars-Ola Jäxvik of KPMG was re-elected as auditor of the Company, and Roger Mattsson was re-elected as deputy auditor, both for the period until the end of the next annual general meeting.
The AGM resolved that no fee shall be paid to the Board of Directors.
The AGM further resolved that the remuneration to the auditor shall be paid in accordance with approved statement of costs.
Authorisation for the Board of Directors to resolve on new issues
The AGM resolved, in accordance with the Board of Director’s proposal, to authorise the Board of Directors, within the limitations of the current articles of association and for the period until the end of the next annual general meeting, on one or several occasions and with or without deviation from the shareholders’ preferential rights, to resolve to issue new shares, warrants and/or convertibles. The authorisation may be utilised for new issues of shares, warrants and/or convertibles which may be made with provisions regarding contribution in cash, in kind or through set-off. The subscription price shall be determined on market terms and conditions.
A new issue, on the basis of the authorisation, shall be resolved for the purpose of providing the Company with working capital. If the Board of Directors resolves on a new issue with deviation from the shareholders’ preferential rights the rationale shall be to facilitate the Company’s expansion and to broaden the shareholder base.
Extraordinary general meeting
The Board of Directors will within the near future convene an extraordinary general meeting to resolve on the election of two additional members of the Board of Directors.
For more information, please contact:
Reidar Michaelsen, Chairman of the Board of Directors, +47 930 58995, ir@ntginvestor.se
The information was submitted for publication, through the agency of the contact person set out above, at 17:15 CEST on 30 June 2021.
About NTG
Net Trading Group NTG AB (publ) (trade symbol: NTGR) is a holistic Nordic ESG company that owns unique technology related to energy production and energy saving via Rock Energy and Lightcircle, respectively. Our technology enables us to follow the power throughout the circuit – from our power plants to our smart and unique power outlets. By combining the product mix of both Rock Energy and Lightcircle, major developers can now acquire energy in areas where there is no network, reducing concerns about unpredictable energy costs and unstable or congested grids.