Nidhogg Resources Holding AB: Bulletin from the Annual General Meeting of Nidhogg Resources Holding
Nidhogg Resources Holding AB (publ), (the "Company"), held its Annual General Meeting today, 6 May 2026, at the Company's office in Jönköping, Sweden. All decisions were made unanimously in accordance with the proposals presented in the notice and the complete proposals for resolutions.
Adoption of the income statement and balance sheet
The AGM resolved to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet in accordance with the presented annual report. The members of the Board of Directors and the CEO were discharged from liability for the financial year 2024/2025.
Election of Board members and auditors and fees
In the election of ordinary members of the Board of Directors, Steven Din, Niclas Biörnstad and Per Skaug were re-elected. Per Skaug was re-elected as Chairman of the Board. Fees to the Board of Directors for the period until the next Annual General Meeting will be SEK 68,704 to each Board member. The AGM further resolved to re-elect the accounting firm Johan Kaijser as the Company's auditor. The auditor shall be compensated against approved invoices.
Amendment of Articles of Association
The AGM resolved to amend the Company's Articles of Association as set out below.
§ 4 Share capital
Current wording
The share capital shall be not less than SEK 8,900,000 and not more than SEK 35,600,000.
Proposed wording
The share capital shall be not less than SEK 514,686.90 and not more than SEK 2,058,747.60.
§ 5 Number of shares
Current wording
The number of shares in the company shall be not less than 8,900,000 and not more than 35,600,000.
Proposed wording
The number of shares in the company shall be a minimum of 10,293,738 and a maximum of 41,174,952.
§ 6 Board of Directors
Current wording
The Board of Directors shall consist of a minimum of four (4) and a maximum of six (6) members. The members are elected annually at the Annual General Meeting for the period until the end of the next Annual General Meeting.
Proposed wording
The Board of Directors shall consist of a minimum of three (3) and a maximum of six (6) members. The members are elected annually at the Annual General Meeting for the period until the end of the next Annual General Meeting.
§ 12 Collection of proxies and postal voting (New wording)
The Board may collect proxies in accordance with the procedure set out in Chapter 7. Section 4, second paragraph, of the Swedish Companies Act (2005:551). The Board of Directors may, prior to a General Meeting, decide that the shareholders shall be able to exercise their voting rights by post prior to the General Meeting in accordance with the procedure set out in Chapter 7. Section 4a of the Swedish Companies Act (2005:551).
Reduction of share capital
The AGM resolved to reduce the Company's share capital by SEK 9,779,051.1 to be allocated to non-restricted equity. This means that the share capital will be reduced from the current SEK 10,293,738 to SEK 514,686.90. As a result, the quota value for the Company's share will be reduced from the current SEK 1 per share to SEK 0.05 per share. The reduction shall be carried out without the cancellation of shares.
The reduction of the share capital requires permission from the Swedish Companies Registration Office or a general court.
Authorization
The Annual General Meeting resolved to authorize the Board of Directors to, during the period until the next Annual General Meeting, resolve on the issue of shares, convertibles and/or warrants entitling to subscribe for, or entail the issuance of, shares within the limits of the Articles of Association, with or without deviation from the shareholders' preferential rights. The authorization may be exercised on one or more occasions and the Board of Directors shall have the right to determine the detailed terms and conditions of the issue on each individual occasion. Payment must be made in cash, by contribution in kind, by set-off or otherwise with conditions.
In order for the Company's current shareholders not to be disadvantaged in relation to any external investors who may subscribe for shares, the Board of Directors intends to determine the subscription price on market terms, with customary issue discounts where applicable, in the event of issues with deviation from the shareholders' preferential rights.
A valid resolution requires that the proposal is supported by shareholders representing at least two-thirds of both the votes cast and the shares represented at the meeting.
For further information, please contact:
Niclas Biörnstad, CEO Nidhogg Resources Holding AB (publ)
E-mail: niclas@nidhoggresources.com
Phone: +46 70 729 9769
About Nidhogg Resources
Nidhogg Resources Holding AB (publ), www.nidhoggresources.se, is a Swedish limited liability company with a focus on natural resources. Nidhogg was founded by individuals with a total of over 60 years of experience in the commodities market, with a background from exploration to exploitation as well as sales and a passion for extracting natural resources by applying innovative technology together with existing infrastructure.