Report from the Annual General Meeting of Scandinavian Biogas
Scandinavian Biogas Fuels International AB (publ), corporate identity number 556528-4733, has today held the annual general meeting, at which the following decisions were made. To prevent the spread of the virus that causes Covid-19, the Annual General Meeting was conducted via postal voting without physical participation
Decision on adoption of accounts, allocation of profits and discharge from liability
The annual general meeting adopted the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year 2020, as well as the board of directors' proposal for allocation of profits, which means that the profit for the year is capitalized on a new account and that no dividend is paid for the financial year 2020. Furthermore, the annual general meeting granted the board members and the CEO discharge from liability in respect of the company for the financial year 2020.
Election of new board and auditor
In accordance with the nomination committee's proposal, the annual general meeting resolved that the number of board members shall be six, without deputies, whereby Anders Bengtsson, Sara Anderson and David Schelin were re-elected as board members and Petra Einarsson, Tina Helin and Håkon Welde, were elected as new board members. Anders Bengtsson was elected as new chairperson of the board. The annual general meeting further resolved, in accordance with the nomination committee's proposal, that remuneration to the board members shall amount to SEK 300,000 to the chairperson of the board and SEK 150,000 to each of the other board members elected by the annual general meeting. Remuneration to the members of the audit committee shall be SEK 50,000 to the chairman of the committee and SEK 30,000 to each of the other members of the committee. In accordance with the nomination committee's proposal and the audit committee’s recommendation, the annual general meeting resolved to re-elect the registered auditing company Öhrlings PricewaterhouseCoopers AB as the company's auditor. As chief auditor, Öhrlings PricewaterhouseCoopers AB intends to appoint authorized public accountant Lars Kylberg. Fees to the auditor shall be paid according to an approved invoice.
Resolution on remuneration guidelines for group executive management team
In accordance with the board’s proposal, the annual general meeting resolved on remuneration guidelines for the group executive management team.
Resolution on approval of the Remuneration Report
In accordance with the board’s proposal, the annual general meeting resolved to approve the report regarding remuneration to the group executive management team for 2020.
Share issue authorization
In accordance with the board's proposal, the annual general meeting resolved to authorize the board, within the scope of the articles of association, with or without deviation from the shareholders’ preferential right, on one or several occasions during the period until the next AGM, resolve on issues of new shares, warrants and/or convertibles in the Company. The total number of shares issued in accordance with this authorization may be equivalent to a maximum of 10 percent of the number of shares in the Company at the time of the notice of the annual general meeting. The issues shall be made at market rate, and where applicable be subject to market discount, and payment shall, apart from payment in cash, be made in kind or by set-off or otherwise with conditions.
For further information, please contact:
Matti Vikkula CEO and President
Mobile +46 (0) 70 597 99 38
E mail matti.vikkula@scandinavianbiogas.com
Scandinavian Biogas is a leading Nordic producer of biogas for vehicle fuel and fertilizer. Biogas is CO2-neutral and made from sewage and household, agriculture as well as industrial organic waste. Today Scandinavian Biogas has facilities in Sweden, Norway and South Korea. In 2020, the company delivered 354 GWh of energy. Scandinavian Biogas has 92 employees and total sales of SEK 455 million (proforma) in 2020. The head office is located in Stockholm and the company is listed on Nasdaq First North. Certified advisor is Erik Penser Bank AB, telephone: +46 (0) 8-463 80 00, certifiedadviser(at)penser.se. www.scandinavianbiogas.com