Irisity : Bulletin from the extraordinary general meeting in Irisity AB (publ).

At the extraordinary general meeting in Irisity AB (publ) (the "Company"), held on 22 September 2021, the following resolutions was passed.

• It was resolved, in accordance with the proposal by the board of directors, to approve the board of directors' resolution on a new share issue of 2,700,000 shares. The subscription price amounts to SEK 49 per share. The right to subscribe for the new shares has, with deviation from the shareholder's pre-emption rights, only been granted to Erik Penser Bank AB, which acted as settlement bank in the issue and which subscribed for shares on behalf of a number of institutional investors. The rationale for deviating from the shareholders' pre-emptive rights is to enable a capital raise in a time- and cost-efficient manner for the financing of the Company's acquisition of Agent Video Intelligence Ltd ("Agent VI") and to strengthen the Company's working capital.

• It was further resolved, in accordance with the proposal by the board of directors, to authorise the board of directors to, for the period until the end of the next annual general meeting, on one or several occasions and with or without deviation from the shareholders' preferential rights, to resolve on new share issues to finance the part of the purchase price for the acquisition of Agent VI that is to be paid through newly issued shares in the Company. An issue is to be carried out by contribution in kind or set-off. An issue may only take place on the terms agreed between the parties in the agreement regarding the acquisition of the shares in Agent VI. Deviation from the shareholders' preferential rights may only take place in connection with the acquisition of Agent VI and the reason for the deviation from the shareholders' preferential rights is to pay the purchase price regarding the acquisition of Agent VI.

• Lastly, the extraordinary general meeting resolved, for the period until the end of next annual general meeting, elect Dorian Barak as new board member of the Company.

Approximately 40,41 per cent of the votes were represented at the extraordinary general meeting.

 

For further information:

Marcus Bäcklund, VD, Irisity

Telefon: [phone]

E-mail: [e-mail]

Andreas Höye, CFO, Irisity

Telefon: [phone]

E-mail: [e-mail]

 

The information was submitted for publication, through the agency of the contact persons set out above, on 22 September 2021 at 13:00 (CEST).

About Irisity

Irisity AB (publ) is a leader in intelligent camera surveillance. We develop deep learning powered algorithms upgrading both existing and new surveillance cameras and security systems into proactive intelligent devices. IRIS™, our fully cloud based SaaS solution, detect with high precision unwanted activity and behavior at long distances.

Staying at the forefront of technology innovation we continue developing agile algorithms providing the best possible security solutions for clients worldwide.

 

The Irisity AB (publ) share is listed on Nasdaq First North Growth Market, with the ticker IRIS

Certified Adviser: Erik Penser Bank AB · [phone] ·  [e-mail]

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