Resolutions at Ripasso Energy AB’s Annual General Meeting 2019
At the Annual General Meeting (“AGM”) of Ripasso Energy AB held on 26 April 2019, the following was resolved.
Election of Board of Directors
Sven Sahle, Ulf Gundemark, Andreas Ahlström, Benedict Morgan and Gunilla Spongh were re-elected and Erik Wigertz was new elected as members of the Board. Sven Sahle was re-elected as Chairman of the Board.
Board remuneration
The AGM resolved that Board fees shall be paid by SEK 200,000 to the Board members Ulf Gundemark, Benedict Morgan and Gunilla Spongh. Remuneration to the Chairman of the Audit Committee was resolved to be paid by SEK 100,000.
Election of auditor
KPMG AB was re-elected as the company’s auditor until the next Annual General Meeting. KPMG AB has informed the company that authorized public accountant Eva Melzig will continue as auditor in charge. It was resolved that auditor fees shall be paid in accordance with approved invoice.
Allocation of profit
In accordance with the proposal of the Board, the AGM resolved that no dividend is distributed and that the retained profits are carried forward to the new accounts.
Guidelines for remuneration to senior executives
The AGM approved the Board’s proposal for guidelines for remuneration to senior executives.
Change of the company name and amendment of the Articles of Association
In accordance with the proposal of the Board, the AGM resolved to change the company’s name to Swedish Stirling AB and to, in connection to the change, clarify the company’s registered objective.
Authorisation for the Board of Directors to resolve on new share issues
In accordance with the proposal of the Board, the AGM resolved to authorise the Board of Directors to resolve on new share issues. The Board of Directors is authorised to, within the scope set up by the articles of association, on one or several occasions, during the period until the next Annual General Meeting resolve on new share issues, with deviation from the shareholders’ preferential rights. Such resolution on new share issues can be made by contribution in kind, by set-off or against cash payment. New shares issued based on the authorisation may correspond to maximum twenty percent of the Company’s share capital.
For further information please contact:
Sven Ljungberg, CCO, Ripasso Energy AB, ir@ripassoenergy.com.
About Ripasso Energy
Ripasso Energy is a Swedish clean tech company founded in 2008 with a mission to further refine the incomparable ability of Stirling technology to convert thermal energy to electricity. The company offers a variety of solutions enabling power generation at record-low prices compared to other climate-friendly and sustainable alternatives. Ripasso Energy’s Stirling engine can handle a wide range of fuels. The company’s latest product, the PWR BLOK 400-F, converts industrial residual and flare gases into electrical energy at a high rate of efficiency. The company’s shares are listed in Sweden (on the NGM Nordic MTF), and can also be traded on the Börse Stuttgart in Germany. Read more at www.ripassoenergy.com.