Press Release
At the annual general meeting (the “AGM”) of
Adoption of the balance sheet and income statement, disposition regarding the Company’s results and discharge from liability etc.
The AGM adopted the Company’s balance sheet and income statement and consolidated income statement and consolidated balance sheet.
The AGM resolved that the Company’s accumulated losses shall be appropriated so that
The AGM also discharged the board members and the CEO from liability for the financial year 2023.
The AGM resolved to approve the board of directors’ remuneration report for 2023.
Remuneration to the board of directors and auditor
The AGM resolved that remuneration to the board of directors shall amount to a total of
The AGM resolved that remuneration to the auditor shall be paid according to approved invoice.
Election of board members and auditor
The AGM resolved that the board of directors shall consist of five ordinary board members without deputies.
For the period until the end of the next annual general meeting the AGM re-elected the present board members
The AGM resolved to elect the registered accounting firm
Resolution regarding amendment of the articles of association and reverse share split
The AGM resolved on a reverse share split of the Company's shares, whereby twenty (20) existing shares are consolidated into one (1) new share (1:20 reverse share split). The board of directors was authorized to determine the record date for the reverse share split. In order to enable the reverse share split and otherwise adjust the limits for share capital and number of shares in the articles of association, the AGM also resolved to amend the limits for the number of shares and share capital in the articles of association.
Further information on the reverse share split, including record date, will be announced as soon as the board of directors has resolved on the record date for the reverse share split.
Resolution regarding issue of warrants and approval of transfer of warrants to ensure delivery of shares under LTI 2021/2024
The AGM resolved on a directed issue of a maximum of 302,833 warrants to ensure delivery of shares under LTI 2021/2024. The right to subscribe for the warrants shall, with deviation from the shareholders' preferential rights, belong to the Company with the right and obligation to transfer the warrants to the participants in LTI 2021/2024.
Each warrant entitles the holder to subscribe for one (1) new share in the Company during the period from
Resolution regarding authorization for the board of directors to decide on new issue and issue of warrants and/or convertibles
The AGM resolved to authorise the board of directors to resolve, for the period until the end of the next annual general meeting, at one or more occasions and with or without deviation from the shareholders’ preferential rights, to issue new shares, warrants and/or convertibles for cash payment and/or with provision of non-cash consideration or set-off or otherwise. The number of shares or warrants or convertibles that entitle subscription of a number of shares, that may be issued shall not exceed 20 per cent of the Company’s registered number of shares at the time of the board of director’s first resolution pursuant to the authorization.
© Modular Finance, source