Bulletin from NetEnt AB’s Annual General Meeting 2019
At NetEnt AB (publ)’s annual general meeting on Friday May 10, 2019, the following was resolved.
Adoption of financial statements and dividend
The meeting adopted the income statement and balance sheet along with the consolidated income statement and balance sheet and resolved that no dividend is to be paid for the financial year 2018. Please note the section regarding share split and automatic redemption procedures below.
Board of Directors
The Board of Directors and the President and CEO were discharged from liability for the financial year 2018. The meeting resolved on re-election of Fredrik Erbing, Peter Hamberg, Pontus Lindwall and Maria Redin and on election of Lisa Gunnarsson, Christoffer Lundström and Jonathan Pettemerides as new members of the board. Fredrik Erbing was elected new chairman of the Board. Maria Hedengren, Michael Knutsson and Jenny Rosberg declined to be re-elected. It was decided that remuneration for the Board of Directors shall be SEK 725,000 for the chairman and SEK 310,000 for each of the members of the board elected by the annual general meeting who are not employees of the company and addition thereto, remuneration to the chairman of the audit committee shall be SEK 110,000 and to each of the other members of the audit committee SEK 35,000 and to each of the members of the remuneration committee SEK 20,000. Remuneration for the auditor shall be in accordance with approved invoice.
Nominating Committee
The AGM decided that the nominating committee shall be formed during October 2019 after consultation with the largest shareholders as per August 31, 2019. The mandate period shall run from the release of the interim report for the third quarter 2019 until the next nominating committee is formed. The chairman of the Board of Directors shall be a member of the nominating committee and is responsible for summoning the nominating committee. In addition to the chairman of the Board of Directors, the nominating committee shall consist of three members.
Guidelines for remuneration to senior executives
The meeting resolved to adopt the Board of Directors’ proposal regarding guidelines for remuneration to senior executives.
Share split and automatic redemption procedure
The meeting resolved to adopt the Board of Directors’ proposal regarding share split and automatic redemption procedures, resulting in a value transfer to the shareholders corresponding to SEK 2.25 per share. In the statutory meeting following the general meeting the Board of Directors resolved, in accordance with the mandate from the general meeting, the record day for the share split to be May 23, 2019 and the record day for redemption of redemption shares to be June 13, 2019.
Incentive program comprising of issuance of warrants to employees
The meeting resolved to adopt the Board of Director’s proposal regarding an incentive program comprising of issuance of warrants to senior executives and key employees.
Authorization for the Board to resolve on acquisition of own shares and transfer of own shares
The meeting resolved to adopt the Board of Director’s proposal regarding authorization for the Board of Directors to make decisions on acquisition and transfer of the company’s own shares.
The complete resolutions
The minutes for the annual general meeting including the complete resolutions as per above will be available shortly on the company’s website. In addition, there is an information brochure regarding the splitting of shares and automatic redemption procedures on the website www.netent.com/agm.
The Board of Directors
NetEnt AB (publ)
For additional information please contact:
Therese Hillman, CEO, NetEnt AB (publ)
Phone +46 8 57 85 45 00
therese.hillman@netent.com
Roland Glasfors, Investor Relations & Corporate Strategy, NetEnt AB (publ)
Phone: +46 760 024 863
roland.glasfors@netent.com
This information is information that NetEnt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 18:00 CET on May 10th, 2019.
About NetEnt
NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs around 1 000 people in Malta, Stockholm, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey. www.netent.com