Lund, 22 May 2015 – At yesterday’s Annual General Meeting (the “AGM”) in Anoto Group AB (publ), the following main resolutions were adopted.
Appropriation of profit or loss and discharge from liability
The AGM adopted the income statements and balance sheets of the parent company and the Group and resolved in accordance with the proposal by the Board and the CEO that no dividend should be paid and that the loss of SEK 36,205,912 should be offset against the share premium reserve, which thereafter amounts to SEK 25,831,397. The AGM discharged the members of the Board and the CEO from liability.
Election of Board members and fees to the Board members
The AGM resolved to re-elect Andrew Hur, Jörgen Durban, Joonhee Won and Anotonio Mugica for the period up to and including the next AGM. Jörgen Durban was re-elected Chairman of the Board.
The AGM resolved on total fees for the Board in the amount of SEK 1,500,000, of which SEK 600,000 to the Chairman and SEK 300,000 to each of the other Board members. The AGM decided that no remuneration should be paid for work in committees.
Authorization for the Board to resolve to issue shares and/or convertible bonds
The AGM resolved to authorize the Board of Directors to resolve, on one or several occasions during the period until the next Annual General Meeting, with or without deviation from the shareholders’ preferential rights, against cash payment, for payment in kind or by way of set-off, to issue shares and/or convertible bonds that involve the issue of or conversion into a maximum of 83,000,000 shares, corresponding to a dilution of approximately 10.0 percent of the share capital and votes, based on the current number of shares in the Company.
Incentive scheme 2014/2017
The Annual General Meeting resolved according to the proposal of the Board of Directors to implement a stock option scheme for senior executives of the Anoto Group. The incentive scheme allows that participants free of charge will be assigned a certain number of stock options. The options can be exercised to purchase shares from the date of publication of the Company's quarterly report for the second quarter of 2018, but no later than 1 October 2018, until 30 October 2018. Provided that the participant is still employed by the Group at the exercise of the options, the employee is entitled to purchase shares in Anoto Group AB at a price equal to 150 per cent of the average closing price of the Company's shares on Nasdaq Stockholm during the period from 15 May 2015 up to and including 22 May 2015. The incentive scheme comprises a maximum of 8,355,000 stock options, representing approximately 1.0 percent of the share capital and votes after dilution.
For further information, please contact:
Jörgen Durban, Chairman of the Board
Anoto Group AB
+46 70 326 66 81
The information in this press release is published pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication on 22th May, 2015.
About Anoto Group:
Anoto Group AB is a global leader in digital writing solutions, which enables fast and reliable transmission of handwriting into a digital format. Anoto operates worldwide through a global partner network that delivers user-friendly digital writing solutions for efficient capture, transmission, distribution and storage of data. Anoto is currently in use across multiple business segments, e.g. consumer, healthcare, banking and finance, transportation and logistics and education. The Anoto Group has over 100 employees and is headquartered in Lund
(Sweden).The company also has offices in Basingstoke and Wetherby (UK), Los Angeles and Boston (US) and Tokyo (Japan). The Anoto share is traded on the Small Cap list of Nasdaq Stockholm under the ticker ANOT.
For more information, please visit: www.anoto.com.
Follow Anoto on Twitter at: @Anoto
