STOCKHOLM, Jan. 19, 2022 /PRNewswire/ -- On Wednesday,
19 January 2022, MAG Interactive AB
(publ) held its Annual General Meeting with Jonas Eriksson as chairman. The Annual General
Meeting revolved upon, inter alia, the
following:
Adoption of balance sheets and income statements
The Annual General Meeting adopted the parent company's income
statement and balance sheet, as well as the consolidated income
statement and the consolidated balance sheet for the financial year
2020/2021.
Allocation of profit or loss
The Annual General Meeting resolved to allocate the company's
loss in accordance with the Board of Directors' proposal.
Board of Directors
The board members and the CEO were discharged from liability for
the financial year 2020/2021.
The Annual General Meeting resolved that the number of board
members shall be six and re-elected the board members Daniel Hasselberg, Teemu Huuhtanen, Andras
Vajlok, Taina Malén, Jonas Eriksson
and Asbjørn Søndergaard.
The Annual General Meeting re-elected Jonas Eriksson as chairman of the Board of
Directors.
Fees to the Board of Directors
The Annual General Meeting resolved that a fee amounting to
SEK 450,000 shall be paid to the
chairman of the Board of Directors and that a fee amounting to
SEK 220,000 shall be paid to each of
the other board members not employed by the company.
Auditors
The Annual General Meeting resolved that the registered auditing
firm PricewaterhouseCoopers AB shall be re-elected as the company's
auditor for the period until the end of the next Annual General
Meeting.
Authority for the Board of Directors to issue new
shares
The Annual General Meeting resolved, in accordance with the
Board of Directors' proposal, to grant 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 the 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 total share
capital of the company on the date of the Annual General Meeting
2022. If the Board of Directors resolves to issue new shares
disapplying the shareholders' pre-emption rights, the reason for
this must be to implement an acquisition agreement or,
alternatively, to procure capital for such acquisition.
Adoption of a long-term employee stock option program and
resolution regarding an issue of warrants and transfer of shares
and/or warrants
The Annual General Meeting resolved, in accordance with the
Board of Directors' proposal, to implement a long-term employee
stock option program for employees of MAG interactive.
In order to enable the company's delivery of shares under the
employee stock option program the Annual General Meeting resolved,
in accordance with the Board of Directors' proposal, to issue not
more than 529,892 warrants in two series to a wholly owned
subsidiary of MAG Interactive, and to approve that the subsidiary
transfers shares and/or warrants to the participants of the
employee stock option program in connection with exercise of the
employee stock options. Since the warrants are intended to secure
delivery of shares in the employee stock option program as well as
enable the participants' choice between cash exercise or cashless
exercise, the subsidiary will not exercise more than 264,946
warrants (of either series), which corresponds to the maximum
number of employee stock options in the employee stock option
program.
Adoption of a long-term warrant program and resolution
regarding an issue of warrants
The Annual General Meeting resolved, in accordance with the
Board of Directors' proposal, to implement a long-term warrant
program for certain members of the executive management of MAG
Interactive.
In order to enable the company's delivery of shares under the
warrant program the Annual General Meeting resolved, in accordance
with the Board of Directors' proposal, to issue not more than
264,946 warrants to the participants in the warrant program.
The Board of Directors
MAG Interactive AB (publ)
For additional information, please contact:
Daniel Hasselberg / CEO / +46
(0)8 644 35 40 / daniel@maginteractive.se
Magnus Wiklander / CFO / +46
(0)8 644 35 40 / magnus.wiklander@maginteractive.se
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