MAG Interactive : Proposal by the Board of Directors granting the Board of Directors the authority to issue shares - item 15
December 07, 2023 at 02:55 am EST
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MAG Interactive AB (publ) - proposal by the board of directors for a resolution granting the board of directors the authority to issue new shares
- item 15
The board of directors proposes that the shareholders adopt a resolution at the annual general meeting granting the board of directors the authority, on one or more occasions, for the period until the next annual general meeting, to issue new shares, either applying or disapplying shareholders' pre-emption rights.
The number of shares issued by virtue of the authority may not exceed an increase of ten (10) percent of the share capital based on the share capital of the company on the date of the annual general meeting.
Payment may, in addition to being made in cash, be made by way of non-cash consideration or set- off, or otherwise subject to conditions. If the board of directors resolves to issue new shares with deviation from the shareholders' pre-emption rights, the reason for this must be to implement an acquisition agreement, or, alternatively, to procure capital for such acquisition. Issues of new shares with deviation from the shareholders' pre-emption rights must be at the market subscription price, and including a market issue discount where applicable.
The board of directors also proposes that the shareholders adopt a resolution at the annual general meeting granting the CEO, or an individual appointed by the CEO, the authority to make any minor adjustments to the shareholders resolution as may prove necessary in connection with registration with the Swedish Companies Registration Office or due to any other statutory or regulatory requirements.
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A resolution will only be validly adopted if shareholders holding no less than two thirds (2/3) of both the votes cast and the shares represented at the meeting vote in favor of the proposal.
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Stockholm, December 2023
MAG Interactive AB (publ)
The board of directors
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MAG Interactive AB (publ) published this content on 05 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2023 07:54:17 UTC.
MAG Interactive AB (publ) is a Sweden-based developer and publisher of mobile games. The Company offers free-to-play games, in which the players make in application purchases of virtual items or gameplay benefits. The Companyâs portfolio comprises word games, a puzzle game and trivia games; it includes Ruzzle, Ruzzle Adventure, WordBrain, WordBrain 2, Wordalot, Potion Pop, QuizDuel, Pixduel, QuizCross and Backpacker. The games are distributed through virtual stores, such as Google Play and App Store, for operating systems Android and iOS respectively. The Company operates FEO Media AB as subsidiary.
MAG INTERACTIVE AB 
