Announcement from Nilar International AB's extra general meeting
The extra general meeting of Nilar International AB (the "Company") was held today on 13 November 2023 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 as follows:
The office of the Company is changed from the Municipality of Täby in the County of Stockholm to the Municipality of Gävle in the County of Gävleborg.
The limits for the share capital are changed from at least SEK 30,340,000 and no more than SEK 121,360,000 to at least SEK 3,150,000 and no more than SEK 12,600,000.
The limits for the number of shares are amended from at least 182,040,000 and no more than 728,160,000 to at least 315,000,000 and no more than 1,260,000,000.
The limits for the number of directors of the board are changed from at least three and no more than ten directors to at least three and no more than six directors.
REDUCTION OF THE SHARE CAPITAL FOR ALLOCATION TO NON-RESTRICTED EQUITY
The extra general meeting resolved, in accordance with the board of directors' proposal, to reduce the share capital by SEK 49,911,220.313380 to SEK 3,185,822.57 for allocation to the non-restricted equity. The share capital is reduced without redemption of shares.
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.
Contact person:
Jørgen Krogh, CEO
jorgen.krogh@nilar.com
+46 70-398 57 24
About Nilar:
Swedish-based Nilar International AB develops and manufactures batteries that are part of stationary energy storage systems. With better energy storage, society can support the increasingly stressed electricity grid by bridging imbalances between energy production and demand, especially important as the share of renewable energy sources increases. Nilar's battery technology is based on nickel metal hydride (NiMH) electrochemistry with a water-based electrolyte, which provides higher safety while allowing the components to be recycled and reused. Nilar has its headquarters in Gävle and since 2012 all batteries have been developed and produced in the production facility in Gävle, which is powered by 100% renewable energy.
The Nilar share is listed on the Nasdaq First North Premier Growth Market under the ticker NILAR. FNCA Sweden is Certified Adviser. For more information see www.nilar.com.