Annual General Meeting of Paradox Interactive AB (publ) May 17, 2019
At Paradox Interactive AB (publ)s general meeting May 17, 2019, the following was resolved
Adoption of financial statements and dividend
The AGM adopted the income statement and balance sheet for the Parent company and the Group. The AGM approved a dividend in accordance with the Board’s proposal of SEK 1.00 per share. The record date is May 21, 2019. Payment of the dividend will be made by Euroclear Sweden AB on May 24, 2019.
Board of Directors
The Board and the CEO were discharged from liability for the financial year 2018. The AGM resolved on new election of board member Mathias Hermansson and re-election of Håkan Sjunnesson, Josephine Salenstedt, Peter Ingman and Fredrik Wester. Cecilia Beck-Friis has declined re-election. Fredrik Wester was elected Chairman and Håkan Sjunnesson Vice Chairman. The AGM approved the nomination committee's proposal that remuneration is paid by SEK 520,000 per year to the Vice Chairman and SEK 260,000 for ordinary board members. Fredrik Wester will, at his own request, be paid a remuneration of SEK 1 per fiscal year. Remuneration to the auditor shall be paid according to approved invoice.
The AGM approved the Nominating Committee's proposed principles for the Nominating Committee.
Guidelines for remuneration for senior executives
The AGM approved the Board's proposal regarding remuneration to senior executives.
Resolution authorizing the Board to resolve on new share issue
The AGM resolved to approve the Board's proposal to authorize the Board to resolve to issue new shares, convertibles and/or warrants. The increase in the share capital may correspond to a dilution of a maximum of 10 percent of the share capital.
Resolution on warrant program 2019/2022, including the adoption of warrant program 2019/2022, and directed new issue of warrants
The AGM resolved to introduce an incentive program for the company's employees - Warrant Program 2019/2022. With full exercise of the Warrant Program, the number of shares in the company increases by 0.33 percent.
The complete resolutions
The minutes from the Annual General Meeting including the complete resolutions as per above will be available within a short time at the company’s website.
For additional information, please contact:
Ebba Ljungerud, CEO Paradox Interactive
Alexander Bricca, CFO Paradox Interactive
Phone: +4670-355 54 18
The information was submitted for publication on May 17, 2019.
About Paradox Interactive
The Paradox group today consists of both publishing and internal development of games and brands. The game portfolio includes more than 100 titles and Paradox owns the most important brands, including Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Prison Architect, Magicka, Age of Wonders and the World of Darkness catalogue of brands. From the start 15 years ago, the company has published its games all over the world, initially through physical distribution but since 2006 primarily in digital channels. Paradox games are developed primarily for PC and console platforms, but the company also releases games on mobile. The largest markets today include the US, UK, China, Germany, France, Russia and Scandinavia. Today, over three million gamers play a Paradox game each month and the number of registered Paradox users exceeds ten million.
Paradox Interactive AB (publ)’s shares are listed on Nasdaq Stockholm First North Premier under ticker PDX. Certified Advisor: FNCA Sweden AB, email@example.com, +46-8-528 00 399. For more information, please visit www.paradoxinteractive.com.