The Nomination Committee of Swedish Stirling updates its proposal of the Board of Directors
The Nomination Committee’s proposal
Ulf Gundemark, who has been proposed for re-election as Board member of Swedish Stirling AB (publ), has notified the Nomination Committee that, due to retirement, he is declining re-election as Board member at the Annual General Meeting (the “AGM”), which will be held on 24 April 2020. Further, Erik Wigertz, who previously declined re-election, has informed the Nomination Committee that he is available for re-election as Board member.
As a result, the Nomination Committee has updated its proposal of the Board of Directors by not proposing re-election of Ulf Gundemark, but proposing re-election of Erik Wigertz as Board member. This entails that the Nomination Committee’s proposal to the AGM is that the Board of Directors shall consist of six members (without deputies), that re-election shall be made of Sven Sahle (Chairman), Andreas Ahlström, Gunilla Spongh, Erik Wigertz and David Zaudy, and that new election shall be made of Carina Andersson.
The Nomination Committee proposes that remuneration to the Board members Carina Andersson and Gunilla Spongh shall be paid by SEK 200,000 each. Remuneration to the Chairman of the Audit Committee shall be paid by SEK 100,000. No remuneration shall be paid to the other Board and Committee members.
Information about measures at the AGM due to the new coronavirus
As previously stated in the notice of the AGM, Swedish Stirling will also take additional measures at the AGM in order to limit the spread of the new coronavirus. This will entail, among other things, that no beverages and food will be offered at the meeting, that there will be no Q&A-session after the meeting and that some restrictions will be made as to the attendance of non-shareholders. In light of the recent government instructions, the company would like to encourage all shareholders to carefully consider whether to attend the meeting in person, but instead use its right to vote via proxy. The company is carefully monitoring the development and will if necessary update the information on which measures that are taken on the company’s website, www.swedishstirling.com.
For further information please contact:
Sven Ljungberg, CCO, Swedish Stirling AB, +46 (0)31 385 88 30 ir@swedishstirling.com.
About Swedish Stirling
Swedish Stirling AB 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’s latest product – the PWR BLOK 400-F – is a unique proprietary solution for recovering energy from industrial residual and flare gases and convert them to 100 % carbon-neutral electricity with high efficiency. The PWR BLOK is – according to independent certification – the cheapest way of producing electricity that exist today and gives greater CO2 savings per invested Euro than any other type of energy source. The company’s shares are listed in Sweden on the NGM Nordic SME. Read more at www.swedishstirling.com