Bulletin from Transcendent Group's Annual General Meeting
On 26 May 2020, Transcendent Group AB (publ) held its Annual General Meeting. Below follows a summary of resolutions taken at the Annual General Meeting. For full details of all decisions, please see the annual general meeting documents available on the company's website https://transcendentgroup.com/investor-relations/.
Annual accounts and discharge from liability
The parent company and the Group's profit and loss account and balance sheet were adopted. The Board of Directors and the CEO were discharged from liability for the financial year 1 January – 31 December 2019.
Dividend
It was resolved that no dividend shall be paid to shareholders.
Board of Directors and auditors
It was resolved that the Board of Directors shall consist of five ordinary board members. Lars-Olof Andersson, Håkan Berg, Sigrun Hjelmqvist, Magnus Juvas and Ingrid Nordlund were re-elected as board members for the time until the end of the next Annual General Meeting. Håkan Berg was re-elected Chairman of the Board.
The authorized accounting firm KPMG AB was re-elected as auditor for the time until the end of the next Annual General Meeting.
Renumeration to Board of Directors and auditors
The Annual General Meeting resolved, in accordance with the Committee's proposal, that renumeration of SEK 200,000 shall be paid to the Chairman of the Board and SEK 100,000 to each Board member and that renumeration to auditors shall be paid in accordance with approved invoice.
Guidelines for remuneration to senior executives
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, on guidelines for remuneration to senior executives.
Decision on issuance of new shares against payment in kind
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, to issue 61,069 ordinary shares, against payment in kind. The right to subscribe for the new shares shall, with deviation from the shareholders' preferential rights, vest in Anna Nielanger. Payment for the ordinary shares shall be made by way of contribution of non-cash consideration comprising of 5,000 shares in Transcendent Group Väst AB.
Resolution on the instructions for the Nomination Committee for the Annual General Meeting of 2021
The Annual General Meeting resolved on a resolution on the Nomination Committee's instruction for the 2021 Annual General Meeting.
Resolution on the amendment of the Articles of Association
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, to amend item 8 of the Articles of Association by removing information about the record date as an adaptation to upcoming changes in law.
For more information, please contact:
Martin Malm, CEO Transcendent Group
Martin.Malm@transcendentgroup.com
+46 73 335 94 26
The information was submitted for publication, through the agency of the contact person set out above on May 26, 2020 at 18:15 (CET).
About Transcendent Group
At Transcendent Group you will meet experienced consultants in Governance, Risk and Compliance. Transcendent Group’s services provide security and opportunities for government agencies, businesses and other organizations in a variety of industries. The company was established in Stockholm in 2001 and has from the start built a differentiated offering based on a value-driven culture with experienced experts. Transcendent Group has been ranked as one of Europe’s, Sweden’s and Norway’s best workplaces in 2019 and has been a Great Place to Work since 2012. Transcendent Group is listed on Nasdaq First North Premier Growth Market. The company’s Certified Adviser is Avanza Bank, +46(0)8-409 421 20, corp@avanza.se. For more information, visit www.transcendentgroup.com.