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: Anders Enochsson (chairman of the board), Jörgen Ragnarsson, Atle Sundal, Carla Maree Vella and Hans Isoz.

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 2019. The annual general meeting also discharged all the board members and the CEO from liability for the financial year 2019.

Finally, the general meeting resolved on an editorial change of the Articles of Association and to authorize the board of directors, with or without deviating from the shareholder’s preferential rights, to decide upon issuance of new shares not exceeding 25 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 20 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 rights 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 resolutions. 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

This information is such information that Scout Gaming Group AB (publ) is required to disclose in accordance with Nasdaq First North Growth’s rules for issuers. The information was provided through the above mentioned contact persons for publication 25 May 2020 at 13.30 CEST.

About Scout Gaming Group

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports. The Company offers a flexible and customizable network-based Fantasy Sports solution with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. Local sports can be provided on request. The Group is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway, and Lviv, Ukraine. Sales, support, and product management is handled from the office in Malta. For more information about the Company, visit www.scoutgaminggroup.com. Scout Gaming is listed on the Nasdaq First North Growth Market and the Certified Adviser is Redeye AB. Contact details: certifiedadviser@redeye.se, +46 (0)8 121 576 90.