Modelon AB (publ) held its Annual general meeting on May 31, 2021. Under the current Covid-19 pandemic restrictions the Annual general meeting was held via postal voting procedure. At the meeting, the following main decisions were taken.

Adoption of annual report, result allocation and discharge of liability
Annual general meeting decided to adopt the Modelon profit and loss account and the balance sheet for the financial year 2020. AGM also decided to carry forward the result of 2020, and to discharge the Board of Directors and the managing director from liability against the company for the financial year 2020.

Determination of remuneration to the Board of Directors and the auditor
Annual general meeting decided according to the proposal, that remuneration to the Board of Directors shall be SEK 450,000 to the Chairman of the Board and SEK 200 000 to each of the Board members, and that the auditors should be paid according to invoice.

Appointment of members of the Board of Directors and auditor
Annual general meeting decided according to the proposal that the Board shall consist of six members: Christer Ljungberg, Karin Almqvist Liwendahl, Eric Bantegnie, Hilding Elmqvist, Mark Shay and Magnus Thell. Christer Ljungberg was also elected as Chairman of the Board. The auditing company Ernst & Young AB was re-appointed as auditor.

Resolution on principles for appointment of nomination committee and its work instructions
Annual general meeting decided to approve the principles for appointment of nomination committee and instructions for the work of the nomination committee according to the proposal included in the AGM notice.

Lund, May 31, 2021
Board of Directors
Modelon AB (publ)

About Modelon

Modelon offers systems modeling and simulation software that accelerates product innovation, development and operations in a range of industries. Modelon’s flagship product, Modelon Impact, is a cloud-native system simulation software platform featuring a collaborative browser-based interface and thousands of proven models and components spanning a broad range of applications. Headquartered in Lund, Sweden, and with global reach, Modelon is an expert industry leader in model-based systems engineering with a focus on leveraging open standard technologies.
Modelon AB is listed on Nasdaq First North Growth Market with ticker symbol MODEL B. FNCA Sweden AB is appointed the Company’s Certified Adviser, info@fnca.se, +46 (0)8-528 00 399.

Attachments

Bulletin from Annual general meeting in Modelon AB (publ)

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