Announcement from Climeon AB’s (publ) Annual General Meeting on the 15th of May 2024
The shareholders of Climeon AB (publ) held the Annual General Meeting on Wednesday the 15th of May, 2024 in the premises of Kista Gate. The following is a summary of the most important decisions made at the meeting.
Annual Report
The annual report and the auditor’s report were presented and adopted.
Discharge from Liability
The AGM discharged the members of the Board and the managing director from liability.
Fees
The fees to the Board of Directors were set by the AGM in accordance with the proposal from the Nomination Committee at a total of SEK 1,200,000 (previous year SEK 1,200,000); whereof SEK 400,000 is to be allocated to the Chairman (previous year SEK 400,000) and SEK 200,000 (previous year SEK 200,000) to all other Board members not employed in the company. In addition, a fee of SEK 40,000 (SEK 40,000) shall be paid to the Chairman of the Remuneration Committee and SEK 20,000 (SEK 20,000) to each other member of the Remuneration Committee and a fee of SEK 80,000 (SEK 80,000) shall be paid to the Chairman of the Audit Committee and SEK 40,000 (SEK 40,000) to each other member of the Audit Committee.
It was decided that the fees to the auditors would be paid in accordance with reasonable invoicing.
Board of Directors
The AGM decided in accordance with the Nomination Committee's proposal to re-elect Thomas Öström, Liselotte Duthu Törnblom and Håkan Osvald as regular members and to newly elect Joakim Thölin och Sebastian Ehrnrooth as regular members. Furthermore, Håkan Osvald was appointed Chairman of the board (re-election).
Auditor
The AGM decided to re-elect Deloitte AB as accountant firm. It was noted that the chartered accountant Daniel Wassberg will continue as the head auditor for the company.
Authorization of the Board to Decide on Share Issues, etc.
The AGM decided, in accordance with the board's proposal, to authorize the board to decide, until the next AGM, on new issues of B shares, convertibles and/or warrants within the articles of association's limits for shares and share capital according to the articles of association in force at the time of the issuance decision.
New Incentive Program for Employees
The AGM decided, in accordance with the Board of Directors proposal, to issue a maximum of 6,099,000 warrants with the right to subscribe for the same number of B-shares within an incentive program for the employees of the company. Each warrant entitles to subscription of one new B share in the company at a price corresponding to 200 percent of the volume weighted average price listed for the company’s shares at First North Premier during the period August 1, 2024 - August 14, 2024. Subscription of B-shares can take place during the period from September 1, 2027 up to an including September 30, 2027. Subscribers shall for each warrant subscribed pay a price per warrant equal to the warrant's market value calculated according to the Black & Scholes valuation model.
Presentation by the CEO
In the CEO presentation, Climeon’s CEO Lena Sundquist commented on the financial year 2023 and the business development during the first quarter 2024.
Kista, May 15th, 2024
Climeon AB (publ)
The Board
