Adoption of the accounts and discharge from liability
The Meeting adopted the balance sheet and the income statement for the parent company and the Group. The Meeting discharged the Board and the CEO from liability for the fiscal year 2019.
Dividend
The Meeting resolved on a dividend of
The Board of Directors and fees
The Meeting resolved, in accordance with the Nomination Committee's proposal, to re-elect Pär Arvidsson,
Furthermore, the Meeting decided, in accordance with the Nomination Committee's proposal, that Board fees shall remain unchanged. This means that, until the end of the next Annual General Meeting, the Board fees shall be paid in the amounts of SEK 400,000 to the Chairman of the Board and
Auditor
The Meeting resolved, in accordance with the Nomination Committee's proposal, to re-elect
Guidelines for remuneration to senior executives
The Meeting approved, in accordance with the Board's proposal, the guidelines for remuneration to senior executives.
Long term incentive plan, including a directed issue of warrants with a subsequent transfer to the participants in the incentive plan
The Meeting resolved, in accordance with the Board's proposal, to adopt a long term incentive plan, Warrant Plan 2020/2023, for senior executives and certain key persons in MIPS (in total 12 persons) by an issue of warrants with a subsequent transfer to the participants at a price corresponding to market terms. The warrant plan comprises a maximum of 575,000 warrants (each warrant entitles to subscription of one new share in MIPS at a subscription price corresponding to 130 percent of the average volume-weighted price paid for the MIPS share on Nasdaq Stockholm during the period from and including
Performance share plan, authorisation for the Board to resolve upon acquisition of own shares, transfer of acquired shares to the participants, and authorisation for the Board to resolve upon transfer of acquired shares on Nasdaq Stockholm
The Meeting resolved, in accordance with the Board's proposal, to adopt a long term performance share plan for employees in MIPS, LTIP 2020, which comprises all employees within the MIPS group except for the employees who are offered to participate in the Warrant plan 2020/2023 (in total 42 persons).
Participation in the plan[1] requires a personal investment and the participants may as a maximum invest in a number of shares with a value corresponding to the participant's monthly salary in
The Meeting further resolved to (i) authorise the Board to resolve upon acquisition of own shares to ensure that MIPS can deliver shares under LTIP 2020, (ii) to transfer shares which MIPS acquires by use of the authorisation to acquire own shares to the participants, and (iii) to authorise the Board to resolve upon transfers of acquired shares on Nasdaq Stockholm.
Amendments to the Articles of Association
The Meeting resolved, in accordance with the Board's proposal, to amend article 1 in the Articles of Association so that “firma” is replaced with “företagsnamn”, and article 9 of the Articles of Association so that the article only sets forth the requirement of notification of attendance to a general meeting.
Inaugural Board meeting
At an inaugural Board meeting held in connection with the Annual General Meeting, Pär Arvidsson and
[1] For the persons who are employed by MIPS' subsidiary in
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