RESOLUTIONS AT THE ANNUAL GENERAL MEETING IN SCOUT GAMING GROUP
At the annual general meeting in Scout Gaming Group AB (publ) it was resolved that the board of directors for the time until the end of the next annual general meeting shall consist of five (5) ordinary members: Rolf Blom (chairman of the board), Jörgen Ragnarsson, Atle Sundal, Anders Enochsson and Carla Maree Vella.
It was resolved that remuneration to the board of directors for the period until the end of the next annual general meeting shall amount to a total of SEK 450,000, of which SEK 150,000 is obtained by the chairman of the board and SEK 75,000 is obtained by each of the other members of the board of directors which are not employed by the company. It was also resolved that audit fees shall be paid according to approved invoice.
Further, the general meeting resolved to allocate the disposable earnings in accordance with the board’s proposal. The year’s earnings according to the adopted balance sheet shall be carried forward and no dividend shall be paid for the financial year 2018.
The annual general meeting also discharged all the board members and the CEO from liability for the financial year 2018.
The board of directors proposes that the annual general meeting resolves to authorize the board of directors, at one or several occasions until the next annual general meeting, with or without deviating from the shareholder’s preferential rights, to decide upon issuance of new shares not exceeding 43 percent of the total number of shares in the Company at the time for the annual general meeting, constituting a total dilution of a maximum of 30 percent for existing shareholders if the authorization is fully utilized. Payment shall, apart from payment in cash, be made in kind or by set-off or otherwise with conditions. Deviation from the shareholder’s preferential shall be possible in order to increase the Company’s financial position, broadening the ownership structure of the Company and/or increase the institutional ownership of the Company. Upon such deviation from the shareholder’s preferential rights, the new issue shall be made at market terms and conditions, with reservations for, where appropriate, issue discounts which are in line with market conditions.
The board of directors, the CEO or a person appointed by the board of directors, is authorized to make any minor adjustments that may be necessary in connection with the registration of the resolution. The authorization is effective until the end of the next annual general meeting.
For further information, please contact:
Anders Ternström, CEO
Phone: +46 706 770 660
E-mail: Andreas.ternstrom@scoutgaminggroup.com
Billy Degerfeldt, CFO and Investor Relations
Phone: +46 707 581 668
E-mail: billy.degerfeldt@scoutgaminggroup.com
About Scout Gaming Group
Scout Gaming Group is a licensed and regulated B2B fantasy sports provider and betting provider. The Company offers a flexible and adaptive network based Fantasy Sports solution with support for most sports and game formats. The group company has approximately 80 employees and is headquarted in Stockholm, Sweden with development and operations in Bergen, Norway, and Lviv, Ukraine. Sales, support and product development is managed from the office on Malta. For more information regarding the Company, please visit: www.scoutgaminggroup.com. Scout Gaming Group is listed on Nasdaq First North and the Company’s Certified Adviser is Redeye AB.