Report from the Annual General Meeting of Meltron AB (publ) on 1 Oct 2021At the annual general meeting (the "AGM") of Meltron AB (publ), reg. no 556988-9834, (the "Company"), on 1 October 2021 the AGM adopted, inter alia, the following resolutions. For more detailed information regarding the contents of the resolutions, please refer to the notice to the AGM and the complete proposals, which have previously been published and are available on the Company's website, www.meltron.com. Adoption of the income statement and balance sheet, disposition regarding the Company's results and discharge from liability
The AGM adopted the Company's income statement and balance sheet and consolidated income statement and consolidated balance sheet for the financial year 2020-07-01 - 2021-06-30.
The AGM resolved that the result for the financial year 2020-07-01 - 2021-06-30 shall be balanced in a new account.
The AGM also discharged the board members and the managing director from liability for the financial year 2020/2021.
Remuneration to the board of directors and auditor
The AGM decided that remuneration to the board of directors shall remain unchanged and shall be SEK 350,000 to be distributed as follows: the chairman of the board of directors is entitled to remuneration of SEK 110,000 and other members of the board of directors are entitled to remuneration of SEK 60,000 per board member.
The AGM decided 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 (5) ordinary board members without deputies.
For the period until the end of the next annual general meeting the AGM re-elected the current board members Göran Lundgren, Pekka Pättiniemi, Elisabet Wahlman, Sverker Littorin and Olof Heyman. Göran Lundgren was re-elected as chairman of the board of directors.
The AGM resolved to re-elect Roy Ytre-Eide as auditor for the period until the end of the next annual general meeting.
Resolution on amendment of the articles of association
The AGM resolved to amend the articles of association in regard to the minimum and maximum limits of the share capital and number of shares.
Resolution on reduction of the share capital to cover losses
The AGM resolved on reduction of the Company's share capital by SEK 23,913,040.50 to cover losses. This year's loss for the fiscal year 2020/2021 amounted to SEK 55,054,916.50, and there was a lack of unrestricted shareholders' equity corresponding to SEK 23,913,040.50 to cover the loss. Hence, the part of the Company's loss that is not covered by unrestricted shareholders' equity corresponds to the reduction amount. The reduction will be performed without withdrawal of shares and entails that the share capital is reduced from SEK 72,054,832.75 to SEK 48,141,792.25 and that the share's quota value is reduced from SEK 0.25 to approximately SEK 0.167032.
Resolution on reduction of the share capital for allocation to unrestricted equity
The AGM resolved on reduction of the Company's share capital with no more than SEK 22,202,052.46 for allocation to unrestricted equity. The reduction will be performed without withdrawal of shares and entails that the share capital is reduced from SEK 48,141,792.25 to SEK 25,939,739.79 and that the share's quota value is reduced from approximately SEK 0.167032 to SEK 0.09.
Resolution on approval of new share issue (rights issue)
The AGM resolved to approve the board of directors' decision of 30 August 2021 on a new share issue of a maximum of 288.219.331 shares with preferential rights for existing shareholders, entailing an increase in the share capital by a maximum of SEK 25,939,739.79.
One (1) existing share in the Company entitles to one (1) subscription right. One (1) subscription right entitles to subscription of one (1) new share for a subscription price of SEK 0.09 per share. New shares may also be subscribed for without subscription rights.
The record date for obtaining subscription rights and the right to participate in the new issue of shares with preferential rights is on Thursday, 7 October. Subscription of shares, both with and without the exercise of subscription rights, is to take place during the period commencing on Monday, 11 October 2021 up to and including Monday, 25 October 2021.
Authorization for the board of directors to decide on share issues, issues of warrants and/or convertibles
The AGM resolved to authorize 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. With the support of the authorization, the Company's share capital may not exceed the limits of the Company's share capital as set out in the Company's articles of association from time to time. Payment shall be able to be made with cash, in kind, by set-off or otherwise combined with conditions. For more information, please contact:
Göran Lundgren, Chairman of the board
Telephone: +46 70 467 40 40
E-mail: [email protected]
Meltron AB (publ)
Malmgårdsvägen 63, 116 38 Stockholm.
Reg. No: 556988-9834. Website: www.meltron.com
This information is such information which Meltron AB (publ) is obliged to publish in accordance with regulatory requirements and trading at NGM Nordic SME. The information was submitted for publication in Swedish, by the contact persons set out above, on 1 October 2021, at 13:00 CET.
This English version is published as a service; in case of discrepancies the Swedish version will prevail.
The following documents can be retrieved from beQuoted
Meltron report from annual general meeting.pdf About Meltron - "More than Just Light"
Meltron AB designs, manufactures and sells LED lighting solutions which are based on interdisciplinary application of electronics, optics, thermodynamics and nano-structures. "More Than Just Light" translates into energy savings, superior light quality, product life-time savings, increased productivity, safety and wellbeing. Meltron provides high quality solutions for the most demanding environments in infrastructure, industry, logistics and agriculture. For more information, please refer to www.meltron.com.
Meltron's share is traded on NGM Nordic SME under the ticker MLTR.
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