The Annual General Meeting ("AGM") of
Adoption of the income statement and the balance sheet
The AGM resolved to adopt the income statement and the balance sheet and the consolidated income statement and the consolidated balance sheet.
Allocation of profit
The AGM resolved that all funds available for the AGM shall be carried forward.
Discharge of liability
The Board of Directors and the current and previous CEOs were discharged from liability for the financial year 2022.
Election of the Board of Directors, auditor and remuneration
The AGM resolved, in accordance with the Nomination Committee's proposal, that the Board of Directors shall consist of eight directors and that the number of auditors shall be one registered audit firm.
It was further resolved, in accordance with the Nomination Committee's proposal, that the remuneration to directors, shall be
260,000 SEK for each of the non-employed directors,780,000 SEK to the Chairman and415,000 SEK to the Vice Chairman;
100,000 SEK for each member of the Audit Committee and200,000 SEK to the Chairman of the committee;
100,000 SEK for each member of the Remuneration Committee and200,000 SEK to the Chairman of the committee; and
100,000 SEK for each member of the Strategy Committee and200,000 SEK to the Chairman of the committee.
Remuneration to the auditor is to be paid according to approved invoice.
In accordance with the Nomination Committee's proposal,
Ernst & Young Aktiebolag was re-elected as the Company auditor. Ernst & Young Aktiebolag has announced that the authorized accountant
Adoption of principles for the nomination committee
The AGM resolved, in accordance with the Nomination Committee's proposal, to adopt principles for the nomination committee, which shall have effect until any changes are decided by the General Meeting.
Authorisation for the board to issue shares, convertibles and/or warrants
The AGM resolved, in accordance with the Board of Directors' proposal, to authorize the Board of Directors until the next AGM, on one or more occasions, with or without preferential rights for shareholders, to issue in total a maximum of shares, regardless of share class, warrants and/or convertibles, with the right to subscribe and convert to the respective share class in the Company, corresponding to not more than 10 percent of the share capital of the Company based on the number of shares at the time when the authorization is used for the first time.
Long-term performance based incentive program for key employees and directed issue of warrants as well as approval of transfer of warrants
The AGM resolved, in accordance with the Board of Directors' proposal, to implement a Restricted Stock Unit ("RSU") program for the Senior Executives and other
The RSUs vest over four years, from the date of allotment to
In order to enable the Company's delivery of shares under LTIP 2023/2027, the AGM also resolved on a directed issue of a maximum of 2,420,000 warrants as well as approved transfer of the warrants. The warrants may be exercised for subscription of shares during the time period
The maximum dilution for current shareholders due to the LTIP 2023/2027 is 3.5 per cent of the current total number of outstanding shares in the Company if LTIP 2023/2027 is fully exercised.
For more information, please contact:
Tel: +46 70 824 40 88
Email: niklas.alm@storytel.com
Tel: +46 70 186 52 90
Email: dan.panas@storytel.com
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