Today,
The following resolutions were made at the AGM:
The AGM resolved to adopt the income statement and balance sheet and consolidated income statement and consolidated balance sheet for the financial year 2020. In accordance with the Board of Directors' proposal, the AGM resolved that no dividend shall be paid for the financial year 2020. Furthermore, the AGM resolved that the members of the Board of Directors and the CEO are discharged from liability for the management during the financial year 2020.
Election of members of the Board of Directors and auditor
The AGM resolved that the Board of Directors shall consist of five ordinary members.
The AGM elected
Remuneration to the members of the Board of Directors and auditor
The AGM resolved that the remuneration to the members of the Board of Directors shall be a total of
EUR 107,500 to the Chairman of the Board of Directors,EUR 35,500 to each of the other members of the Board of Directors, andEUR 16,400 to the Chairman of the Audit Committee andEUR 8,200 to each of the other members of committees established by the Board of Directors.
The remuneration to the auditors shall be paid in accordance with approved accounts within the given quotation.
Remuneration Report
The AGM approved the Board of Directors' Remuneration Report for the financial year 2020.
Share-based long-term incentive program 2021
In accordance with the Board of Directors' proposal, the AGM resolved to implement a share-based long-term incentive program 2021 (LTIP 2021) directed towards senior executives and other key individuals within the company. For a complete description of LTIP 2021, please refer to the Board of Directors' complete proposal, which is available on the company's website.
Amendments to the Articles of Association
The AGM resolved to amend the Articles of Association in order for the Articles of Association to reflect certain recent regulatory changes as well as in order to enable collection of proxies and postal voting at general meetings.
Authorisation for the Board of Directors to resolve to issue new shares, as well as to repurchase and transfer own shares
The AGM resolved to authorise the Board of Directors to, on one or more occasions during the period until the next Annual General Meeting, with or without deviation from the shareholders' preferential rights, against cash payment, for payment in kind or by way of set-off, resolve on share issues corresponding to an aggregate dilution of not more than 10% of the registered share capital.
The AGM also resolved to authorise the Board of Directors to, on one or more occasions during the period until the next Annual General Meeting, resolve to repurchase in aggregate as many shares as may be purchased without the company's holding at any time exceeding 10% of the total number of shares in the company. The shares shall be acquired on Nasdaq Stockholm and only at a price within the price range registered at any given time.
The AGM further resolved to authorise the Board of Directors to, on one or several occasions during the period until the next Annual General Meeting, with or without deviation from the shareholders' preferential rights, against cash payment, for payment in kind or by way of set-off, resolve on transfer of the company's own shares.
For further information:
General Counsel
Tel. +46 76 633 5220, henrik.sundell@eltelnetworks.se
hief Financial Officer
Tel. +358 405 483 695, saila.miettinen-lahde@eltelnetworks.com
About
https://news.cision.com/eltel/r/resolutions-by-eltel-ab-s-annual-general-meeting-2021,c3341508
https://mb.cision.com/Main/11435/3341508/1413492.pdf
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