Lund, 22 May 2014 – At today’s Annual General Meeting in Anoto Group AB (publ), the following main resolutions were adopted.
Appropriation of profit or loss and discharge from liability
The Annual General Meeting adopted the Income Statement, the Balance Sheet, the Consolidated Income Statement and the Consolidated Balance Sheet, and resolved in accordance with the proposal from the Board of Directors and the CEO that the accumulated deficit of SEK 35,707,005 shall reduce the statutory reserve with the same amount. The Meeting further resolved to discharge the Board members and the CEO from liability.
Election of Board members and fees to the Board members
The Annual General Meeting resolved to re-elect Board members Andrew Hur, Jörgen Durban and Gunnel Duveblad for the period up to and including the next Annual General Meeting and Joonhee Won and Anotonio Mugica as new board members for the period up to and including the next Annual General Meeting. Jörgen Durban was re-elected Chairman of the Board.
The Meeting further resolved that an annual remuneration to the Board of Directors of SEK 1,800,000 shall be paid, whereof SEK 600,000 shall be paid to the Chairman of the Board and SEK 300,000 shall be paid to each of the other Board members. Remuneration for work in Board committees shall not be paid.
Resolution on Nomination Committee
The Annual General Meeting adopted principles for the establishment of a new Nomination Committee in accordance with the proposal of the Nomination committee. The principles correspond to the principles resolved by the Annual General Meeting 2013, and entail in principal that the Chairman of the Board of Directors is mandated to contact the Company’s three largest shareholders according to the register of shareholders as per the end of September 2014, to ask them to appoint one representative each to constitute the Nomination Committee for the period until another Nomination Committee has been appointed. The representative of the largest shareholder shall be the Chairman of the Nomination Committee.
Resolution on guidelines for compensation to the Company executives
The Annual General Meeting resolved according to the proposal of the Board of Directors on unchanged guidelines for the determination of remuneration and other employment conditions for the CEO and other senior executives.
Resolution to reject the Board’s proposal to authorize the Board to issue new issues of shares and/or convertible bonds and/or subscription warrants
The Annual General Meeting resolved to reject the Board’s proposal to authorize the Board to issue new issues of shares and/or convertible bonds and/or subscription warrants in accordance with the proposal by the Board of Directors.
Incentive scheme 2014/2017
The Annual General Meeting resolved according to the proposal of the Board of Directors to implement a personnel option scheme for senior executives in Anoto Group.
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 Securities Markets Act. The information was submitted for publication at 15.30 p.m. on May 22, 2014.
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. healthcare, pharmaceutical, bank and financial services, transportation and logistics, government and education. The Anoto Group has over 100 employees and is headquartered in Lund (Sweden), with offices in Basingstoke, Guildford and Wetherby (UK), Amsterdam (NL), Boston (US) and Tokyo (Japan). The Anoto share is traded on the Small Cap list of NASDAQ OMX Stockholm under the ticker ANOT.
For more information, please visit: www.anoto.com.
