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RESOLUTIONS AT ORGANOCLICK'S ANNUAL GENERAL MEETING 2024

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OrganoClick AB (publ) held its Annual General Meeting, 15 May 2024 at the company's head office in Täby where the following resolutions were adopted:

  • It was resolved to adopt the income statement and balance sheet and the consolidated income statement and consolidated balance sheet.
  • It was resolved that the accumulated result was brought forward and balanced in the new accounts according with the proposal of the Board.
  • It was resolved to approve discharge from personal liability for the members of the Board of Directors and the CEO for their administration.
  • It was resolved that the Board of Directors will have five ordinary board members.
  • It was resolved in accordance with the nomination committee's proposal to pay a fixed fee of SEK 400.000 to the Chairman of the Board and a fixed fee of SEK 150.000 to the other ordinary members of the Board, in total a fee of SEK 1 000.000 to the Board, and that the Auditors’ fee's will be paid in accordance with current approved invoicing.
  • It was resolved in accordance with the nomination committees proposal to re-elect Jan Johansson, Håkan Gustavson, Charlotte Karlberg and Chatarina Schneider and elect Johan Magnusson  as board members. In accordance with the nomination committees proposal, Jan Johansson was re-elected as Chairman of the Board. The Board also gave a big thank to the outgoing board member Malin Bugge for her contribution to the board and the company during her 4 years as a board member. 
  • It was resolved to adopt the nomination procedure and election of nomination committee according to the proposal in the notice to the annual general meeting.
  • It was resolved to adopt the boards proposal to authorise the Board of Directors during the period until the next annual general meeting, on one or more occasions, to resolve on a new issue of shares, stock options, or convertible bonds with or without deviation from the shareholders’ preferential rights to be paid in cash, in kind or by right of set-off. The issue may result in a total increase in the share capital by a maximum of 10% or SEK 97,950 (corresponding to 9,795,000 shares).
  • It was resolved to adopt the nomination committees proposal that the payment of remuneration to the Board of Directors can be in the form of shares in the company or in cash

The CEO thereafter held a presentation were the previous years activities and the result of 2023 were presented including an outlook for 2024 (attached herein). The presentation is also published on the company's webpage.

OrganoClick AB (publ)

The Board of Directors

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For more information, please contact:

Mårten Hellberg, CEO

0707 - 16 48 90, marten.hellberg@organoclick.com

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About OrganoClick

OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North Growth Market. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the durable water repellent technology for textiles OrganoTex®, the biocomposite material OrganoComp®, surface treatment and maintenance products for villa and property owners under the brand BIOkleen®, biobased binder under the trade name OC-BioBinder™ and the flame and rot-resistant timber OrganoWood® (through the joint-venture OrganoWood AB). OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start -up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the WWF "Climate Solver" award, listed as a SUSTAINIA100 company and has also appeared for two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North Growth Market is Mangold Fondkommission AB, tel: +46 (0)8 503 01 551, email: ca@mangold.se.

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