Press release from annual general meeting in Pomegranate Investment AB (publ) on 13 September 2023
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY U.S. PERSON
At the annual general meeting in Pomegranate Investment AB (publ) held on 13 September 2023 the shareholders resolved upon the following:
Approval of income statement and balance sheet for the financial year and discharge from liability
The annual general meeting approved the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year, which corresponds to the period 1 May 2022 – 30 April 2023. The members of the board of directors, the current and former CEO and the deputy CEO were discharged from liability for the financial year.
Allocation of the result
The general meeting resolved, in accordance with the board of director’s proposal, that the company’s results shall be carried forward.
Election of board members, auditors, fees to the board of directors and auditors
The annual general meeting resolved that the number of members of the board of directors shall be five without deputy members, and that the company shall have one auditor or one registered audit company and no alternate auditors.
Per Brilioth, Anders F. Börjesson, Nadja Borisova and Vladimir Glushkov were re-elected and Michel Danechi was newly elected as board members all for the time until the end of the next annual general meeting. Per Brilioth was re-elected as chairman of the board for the time until the end of the next annual general meeting. The accounting firm PricewaterhouseCoopers AB was re-elected as auditor.
The annual general meeting further resolved that the annual remuneration to each board member shall amount to EUR 5,000 and EUR 10,000 to the chairman of the board. The annual general meeting further resolved that auditor fees shall be paid in accordance with approved invoice.
Resolution regarding introduction of a long-term performance-based incentive programme employees
The annual general meeting resolved on a long-term performance-based incentive program for employees and to issue not more than 244,358 warrants in order to ensure delivery of shares to participants under the program.
Resolution regarding introduction of new long-term performance-based incentive programme for the board of directors
The annual general meeting resolved on a long-term performance-based incentive program for the board of directors and to issue not more than 100,617 warrants in order to ensure delivery of shares to participants under the program.
Resolution regarding amendment of the company’s articles of association
The annual general meeting resolved, in accordance with the board of directors’ proposal, to amend the articles of association to allow that the shareholders shall have the right to vote in advance by postal voting and to enable the board of directors to resolve that persons who are not shareholders may participate at a general meeting.
Additional information from the annual general meeting
The minutes from the annual general meeting will be held available on Pomegranate Investment AB (publ) website, www.promegranateinvestment.com. For more information, please contact:
Peter Axelsson, CFO
Tel: +46 8 545 015 50
Email: ir@pomegranateinvestment.com
About Pomegranate
Pomegranate Investment AB (publ) is based in Sweden and was founded in 2014 by a pioneering team with a long and successful track record of investing in high growth companies in emerging markets, particularly in the technology sector. Pomegranate is an investment company that has a strong position primarily in Iran’s consumer technology sector, which, with the easing of international sanctions, represents an extraordinary growth opportunity for European investors. We are entrepreneurs, we have invested in entrepreneurs and a significant proportion of our investors are entrepreneurs themselves.
This press release does not constitute an offer of any securities of Pomegranate Investment. This press release may not be distributed in the United States or to any “U.S. person”, including any U.S. citizen or permanent resident (‘green card holder’) or any entity organised in the United States, whether located inside or outside the United States. Pomegranate shares represent an investment in Iran that is not suitable for U.S. persons.