Zwipe publishes minutes from Annual General Meeting

OSLO, NORWAY– 19 May 2021 – The Annual General Meeting in Zwipe AS (Company) was held today. All proposed resolutions were approved unanimously in accordance with the call for the meeting. The minutes of Annual General Meeting are included as an attachment. The complete proposal, which was approved by the Annual General Meeting, is available on www.zwipe.com for further reference. The attendants of the AGM represented 27.3% of the votes in the company.   

The following matters were reviewed and confirmed: 

Approval of the annual report and financial statements for 2020:  

The board’s proposal for the annual report and the financial statements for 2020 for the Company and the group were unanimously approved.   

Election of members to the Board of Directors: 

The following persons were unanimously elected to as the new Board of Directors: 

• Jörgen Lantto, Chairman of the board 

• Dorian Barak 

• Johan Biehl 

• Dennis Jones 

• Stina Granberg  

• Tanya Juul Kjaer  

Remuneration to the members of the Board of Directors and the members of the Nomination Committee 

Remuneration to the Board members for the period from the AGM in 2021 until the AGM in 2022 were unanimously approved as follows:  

Chairman of the Board:    NOK 260,000,- 

Members of the Board:     NOK 130,000,-  

No remuneration to the members of the Nomination Committee was resolved.  

Board authorizations to increase the share capital and instructions to the Board regarding use of the authorization to increase the shares capital to strengthen the Company's equity 

The Board proposed that two new authorizations for the Board on capital increases are issued, (i) to fulfil the Company's incentive program and (ii) to cater for strengthening of the Company's equity (extract, please see the attachment to the notice for the complete proposal). 

i. Authorization for capital increase to fulfill the Company's incentive program 

The Annual General Meeting resolved that the Board is hereby granted authorization to increase the share capital of Zwipe AS (the Company), on one or several occasions, with up to NOK 230,631.90 (2,306,319 new shares), equivalent to 7 % of the registered share capital at the time of this resolution. The authorization shall remain in force until the end of the annual general meeting 2022, however not beyond 30 June 2022. The pre-emptive right of the shareholders to subscribe may be set aside. 

ii. Authorization for capital increase to strengthen the Company's equity  

The Annual General Meeting resolved  that the General Meeting granted a new authorization to the Board to issue shares corresponding to up to 15% of the share capital, and the new authorization shall be restricted to issue of shares to strengthen the Company's equity to the extent the Board considers this to be in the Company's best interest at the given time.  

The authorization shall remain in force until the end of the annual general meeting 2022, however not beyond 30 June 2022. The pre-emptive right of the shareholders to subscribe may be set aside. 

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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Market Oslo and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, on May 19, 2021 at 16:30 CEST 

About Zwipe 
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com

For more information contact: André Løvestam, CEO, +47 991 66 135  info@zwipe.com