Incap Corporation Stock Exchange Release
AGM resolutions
RESOLUTIONS OF INCAP CORPORATION'S ANNUAL GENERAL MEETING AND THE CONSTITUTIVE MEETING OF THE BOARD OF DIRECTORS
Adoption of the annual accounts, discharge from liability and payment of dividend
The Annual General Meeting adopted the annual accounts for the financial period ending on
Handling of the Remuneration Report for Governing Bodies
The Remuneration Report 2020, which was published in connection with the Annual Report on
Remuneration of the members of the Board of Directors and the Auditor
The Annual General Meeting resolved that the fees paid for the members of the Board of Directors will be as follows: the annual fee to be paid for the Chairman of the Board is
The Annual General Meeting resolved that the auditor is paid against a reasonable invoice.
Number of members of the Board of Directors, members of the Board of Directors and auditor
The Annual General Meeting resolved that the number of members of the Board of Directors shall be four (4). The Annual General Meeting resolved that the present members of the Board,
The Annual General Meeting re-elected the firm of independent accountants
Authorising the Board of Directors to decide on the issuance of shares as well as the issuance of other special rights entitling to shares
The Annual General Meeting authorised the Board of Directors to decide to issue new shares either against payment or without payment. The authorisation was given to a maximum quantity of 584,932 new shares which represent approximately 10 per cent of the current number of shares.
The new shares may be issued to the Company's shareholders in proportion to their current shareholdings in the Company or deviating from the shareholders' pre-emptive right through one or more directed share issue, if the Company has a weighty financial reason to do so, such as developing the Company's equity structure, implementing mergers and acquisitions or other restructuring measures aimed at developing the Company's business, financing of investments and operations or using the shares as a part of the Company's remuneration and compensation system. The Board of Directors would decide upon terms and scope related to share issues.
Based on the authorisation, the Board of Directors can pursuant to chapter 10, section 1, of the Companies Act also decide on issuing other special rights, either against payment or without payment, entitling to new shares of the Company. The subscription price of the new shares can be recorded partly or fully to the invested unrestricted equity reserves or to equity according to the decision of the Board of Directors. The Board of Directors is further entitled to decide on conditions regarding the issuance of shares as well as the issuance of other special rights entitling to shares.
The authorisation is valid for one year from the Annual General Meeting.
Constitutive meeting of the Board of Directors
In its constitutive meeting convening after the Annual General Meeting, the Board of Directors elected
The minutes of the Annual General Meeting will be available on
INCAP CORPORATION
Further information:
Antti Pynnönen, CFO, +358 40 187 3494
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