Press release from annual shareholders’ meeting in Pomegranate Investment AB (publ) held on 6 September 2018
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY US PERSON
At the annual shareholders’ meeting in Pomegranate Investment AB (publ) in Stockholm held on 6 September 2018 the shareholders resolved upon the following:
Approval of income statement and balance sheet for the financial year and discharge from liability
The annual shareholders’ meeting approved the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year 2017 and the four months period 1 January – 30 April 2018. The members of the board of directors and the managing director were discharged from liability for the financial period.
Allocation of profit or loss
The shareholders’ 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 shareholders’ 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, Mohsen Enayatollah and Nadja Borisova were re-elected as board members and Vladimir Glushkov was elected as a new member of the board of directors, all for the time until the end of the next annual shareholders’ meeting. Per Briliothwas re-elected as chairman of the board for the time until the end of the next annual shareholders’ meeting. The accounting firm PricewaterhouseCoopers AB was re-elected as auditor.
The annual shareholders’ 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 shareholders’ meeting further resolved that auditor fees shall be paid in accordance with approved invoice.
Resolution regarding introduction of new long-term incentive programme for management
The annual shareholders’ meeting resolved, in accordance with the board of directors’ proposal, to introduce a new long-term incentive program for the management of Pomegranate Investment AB (publ), including up to five current employees.
Resolution regarding introduction of new long-term incentive programme for Board of Directors
The annual shareholders’ meeting further resolved, in accordance with the proposal from shareholders representing 14.4 % of the outstanding shares, to introduce a new long-term incentive program for up to five members of the Board of Directors in Pomegranate Investment AB (publ).
Resolution regarding an addition to the new long-term incentive programme for Board of Directors
The annual shareholders’ meeting further resolved, in accordance with the shareholder Parus Capital, in addition to related shareholders altogether representing 8.8% of the outstanding shares, proposal to resolve upon an addition to the new long-term incentive programme for the Board of Directors. The addition entails that the allocation to the Chairman of the Board of Directors Per Brilioth should be increased by 0.175 percentage units compared to the original proposal.
Additional information from the annual shareholders’ meeting
The minutes from the annual shareholder’s meeting are available on the company’s website, www.pomegranateinvestment.com.
For more information, please contact:
Gustav Wetterling, 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.