Announcement from Nilar International AB's (publ) extra general meeting
The extra general meeting of Nilar International AB ("Nilar" or the "Company") was held today on 18 May 2022 and the following resolutions were passed by the meeting.
AMENDMENT OF THE ARTICLES OF ASSOCIATION
The extra general meeting resolved, in accordance with the Board of Directors' proposal, to amend the articles of association's limits for the share capital from a minimum of SEK 5,000,000 and a maximum of SEK 20,000,000 to a minimum of SEK 7,585,000 and a maximum of SEK 30,340,000. It was further resolved to amend the articles of association's limits for the number of shares from a minimum of 30,000,000 and a maximum of 120,000,000 to a minimum of 45,510,000 and a maximum of 182,040,000.
AMENDMENT OF THE ARTICLES OF ASSOCIATION
The extra general meeting resolved, in accordance with the Board of Directors' proposal, to amend the articles of association's limits for the share capital from a minimum of SEK 7,585,000 and a maximum of SEK 30,340,000 to a minimum of SEK 30,340,000 and a maximum of SEK 121,360,000. It was further resolved to amend the articles of association's limits for the number of shares from a minimum of 45,510,000 and a maximum of 182,040,000 to a minimum of 182,040,000 and a maximum of 728,160,000.
AUTHORIZATION FOR THE BOARD OF DIRECTORS TO RESOLVE ON ISSUANCES
It was resolved, in accordance with the Board of Directors' proposal, to authorize the Board, on one or more occasions, to issue shares in the Company, with preferential rights for shareholders, to be paid in cash or by set-off. Resolutions based on the authorization shall be within the total maximum of the amount of shares as can be issued without changing the articles of association adopted at any given time. The purpose of the authorization is to make it possible to raise capital in a time and cost efficient manner to enable further development of the Company's operation.
For the full proposals regarding the above resolutions at the extra general meeting, please refer to the notice which is available on the Company's website, www.nilar.com.
For further information, please contact:
Erik Oldmark, CEO
E-mail erik.oldmark@nilar.com
Mobile +46 70 432 4444
About Nilar:
Nilar is a Swedish-based developer and manufacturer of batteries for stationary energy storage systems. Energy storage systems can be used to bridge imbalances between energy production and demand in order to, for example, improve the utilization of intermittent electricity production from renewable energy sources, such as solar energy and wind power, as well as to strengthen the increasingly strained power grids. Nilar's battery technology is based on nickel-metal hydride (NiMH) electrochemistry with a water-based electrolyte, which results in a strong environmental, safety and preformance profile. The Company is headquartered in Täby and the energy-efficient production facility is, since 2012, located in Gävle, where the Company's research and development also takes place.
The Nilar share is listed at Nasdaq First North Premier Growth Market, ticker NILAR. FNCA Sweden is Certified Adviser +46 8 528 00 399. For more information go to www.nilar.com.