Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Bulletin from extraordinary general meeting in Mashup Ireland AB on 16 October 2024

Mashup Ireland
Download the release

Mashup Ireland AB (the “Company”) held an extraordinary general meeting today, 16 October 2024, at the premises of Eversheds Sutherland Advokatbyrå, Sveavägen 20 in Stockholm. The following main resolutions were passed with the required majority at the meeting.

Resolution to approve the share transfer regarding 53 percent of the shares in the Company’s subsidiaries (so-called Leo transaction)

The meeting resolved to approve the share transfer regarding 53 percent of the shares in the Company’s subsidiaries to John O’Connor (so-called Leo-transaction). The subsidiaries consist of Kollect on Demand (Ireland) Limited, BIGbin Waste Tech Limited and Kollect on Demand (UK) Limited (the “Subsidiaries”). The Company will retain 47 percent ownership of the Subsidiaries. John O’Connor is a board member and CEO of the Subsidiaries and was at the time of the conclusion of the share transfer agreement also a board member and CEO of the Company.

The purchase price amounts to EUR 925,000, approximately SEK 10,700,000. Additionally, the consideration for the sale transfer does also include 8 percent of the shares in the Irish SME, FSR Atlantic Limited (Adhdnow.com), which John O’Connor is co-founder and chairman of. The board’s internal estimate of this shareholding is EUR 165,000, approximately SEK 1,900,000.

Election of new members of the board of directors

The meeting resolved to elect Fearghal Power and Finbarr Hutcheson as new members of the board of directors. It is further noted that John O’Connor has requested to resign from the board of directors. Fearghal Power and Finbarr Hutcheson are independent in relation to major shareholders and in relation to the Company and its management. The board of directors thus consists of Andrew Byrne, Mary Dunphy, Fearghal Power, and Finbarr Hutcheson.

Attachments


Bulletin from extraordinary general meeting in Mashup Ireland AB on 16 October 2024

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.