NENT Group’s Annual General Meeting 2021
Nordic Entertainment Group AB (publ) (NENT Group) today held its Annual General Meeting ("AGM"). Due to the ongoing coronavirus pandemic and for the safety of NENT Group’s shareholders the AGM was conducted solely by postal voting pursuant to temporary legislation.
The AGM resolved to re-elect the Board members Anders Borg, Simon Duffy, Pernille Erenbjerg, Kristina Schauman and Natalie Tydeman and elected Andrew House as a new member of the Board. Furthermore, the AGM elected Pernille Erenbjerg as new Chair of the Board.
The AGM adopted the Income Statement and the Balance Sheet, as well as the consolidated Income Statement and the consolidated Balance Sheet, and resolved that NENT Group’s unappropriated earnings are to be carried forward.
The AGM resolved to discharge the Board and the CEO from liability for 2020.
The AGM resolved to implement a long-term incentive plan 2021 ("LTIP 2021"), and to approve that the Company enters into a swap agreement with a third party to hedge LTIP 2021, under which the third party shall, in its own name, acquire and transfer NENT Class B shares to the participants in LTIP 2021. The AGM did not resolve in accordance with the Board's proposals under items 17(b)-(d) on the agenda, which were proposed in order to be able to deliver own Class B shares to the participants in LTIP 2021.
The AGM also resolved to:
- approve the Board’s remuneration report 2020;
- approve the proposal of remuneration to the Board and the auditor;
- re-elect KPMG as auditor until the close of the 2022 AGM. Tomas Gerhardsson will be appointed as new auditor-in-charge;
- authorise the Board to resolve on repurchases of NENT Group’s own shares conditioned by, among other things, that the holding does not at any time exceed 10 percent of the total number of shares in NENT Group; and
- amend NENT Group’s Articles of Association to reflect formal requirements pursuant to the Swedish Companies Act.
At a statutory meeting of the Board of Directors following the AGM, the Audit and Remuneration Committees were appointed. Simon Duffy was appointed as Chair of the Audit Committee and Kristina Schauman, Anders Borg and Andrew House were appointed as members of the Audit Committee. Natalie Tydeman was appointed as Chair of the Remuneration Committee and Anders Borg and Andrew House were appointed as members of the Remuneration Committee.
The complete documentation related to the resolutions by the AGM can be found on NENT Group's website (www.nentgroup.com).
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NOTES TO EDITORS
Nordic Entertainment Group AB (publ) (NENT Group) is the Nordic region’s leading streaming company and our vision is to become the European streaming champion. Our Viaplay streaming service is available in every Nordic country and in Estonia, Latvia and Lithuania. Viaplay will launch in Poland and the US in 2021, followed by five additional markets by 2023. We operate streaming services, TV channels, radio stations and production companies, and our purpose is to tell stories, touch lives and expand worlds. Headquartered in Stockholm and with a global outlook, NENT Group is listed on Nasdaq Stockholm (‘NENT A’ and ‘NENT B’).
This information was submitted for publication by the contact person below on 19 May at 1630 CET.
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investors@nentgroup.com (or Matthew Hooper, Chief Corporate Affairs Officer: +44 7768 440 414)
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