Announcement from the annual general meeting in Enad Global 7 AB (publ)
The annual general meeting of Enad Global 7 AB (publ) ("EG7" or the "Company") was held today on 21 June 2023 and the following resolutions were passed by the meeting.
ADOPTION OF THE INCOME STATEMENT AND BALANCE SHEET
The annual general meeting resolved to adopt EG7's income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.
DISTRIBUTION OF PROFIT
The annual general meeting resolved to treat the result in accordance with the proposal of the board of directors in the annual report, meaning that the result is carried forward.
DISCHARGE FROM LIABILITY
The directors of the board and the managing director were discharged from liability for the 2022 financial year.
ELECTION OF THE BOARD OF DIRECTORS AND AUDITOR, AND REMUNERATION
The annual general meeting resolved that the board of directors shall consist of six directors without deputies. It was further resolved that the Company shall have one registered auditing firm as auditor.
It was resolved, in accordance with the nomination committee’s proposal, that remuneration shall be SEK 1,900,000 in total, including remuneration for committee work (SEK 1,900,000 previous year), and shall be paid to the board of directors and the members of the established committees in the following amounts:
- SEK 250,000 for each of the non-employed directors and SEK 600,000 to the chairman provided that the chair is not an employee; and
- SEK 100,000 to the chairman and SEK 75,000 to the other members of the audit committee and SEK 75,000 to the chairman and SEK 50,000 to the rest of the remuneration committee.
Remuneration to the auditor is to be paid according to approved invoice.
Jason Epstein, Gunnar Lind and Marie-Louise Gefwert were re-elected as a directors. Ji Ham, Ben Braun, and Ron Moravek were elected as a new directors. Jason Epstein was re-elected as chairman of the board of directors.
Öhrlings PricewaterhouseCoopers AB (PwC) was re-elected as the Company's auditor. Öhrlings PricewaterhouseCoopers AB (PwC) has announced that authorised accountant Nicklas Renström will continue as the auditor in-charge.
PRINCIPLES FOR THE NOMINATION COMMITTEE
The annual general meeting resolved, in accordance with the nomination committee's proposal, to adopt principles for the nomination committee, which are mainly the same as the principles adopted at the annual general meeting 2022, and shall apply until further notice.
AUTHORIZATION FOR THE BOARD OF DIRECTORS TO RESOLVE ON ISSUANCES
It was resolved, in accordance with the board of directors' proposal, to authorize the board of directors until the next annual general meeting, on one or more occasions, with or without preferential rights for the shareholders, to issue shares, warrants and/or convertibles, with the right to subscribe for and convert into shares in the Company, respectively, corresponding to a maximum of 10 percent of the Company's share capital after dilution based on the number of shares in the Company at the time of the annual general meeting, to be paid in cash, through set-off or in kind.
The primary purpose of the authorization is for the board of directors to be able to resolve to issue new shares, without preferential rights, in order to raise new capital which will increase the Company's flexibility or in connection with acquisitions.
Issuance of new shares, pursuant of the authorization, shall be carried out in accordance with acquisition agreements or customary terms and conditions under prevailing market conditions. The allocation of shares can, if the board of directors finds it appropriate, be with a subscription price corresponding to the share's quota value.
For the full proposals regarding the above resolutions at the annual general meeting, please refer to the notice and the annual report which are available on the Company's website, www.enadglobal7.com.
FOR MORE INFORMATION, PLEASE CONTACT:
Fredrik Rüdén, Deputy CEO and CFO
Phone: +46 733 117 262
Ludvig Andersson, Investor Relations Manager
Phone: +46 730 587 608
EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 470+ game developers and develops its own original IPs, as well as acts as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games, Toadman Studios, Big Blue Bubble and Antimatter Games. In addition, the group's marketing department Petrol has contributed to the release of 2,000+ titles, of which many are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group's publishing and distribution departments Fireshine Games hold expertise in both physical and digital publishing. EG7 is headquartered in Stockholm with approximately 630 employees in 16 offices worldwide.
Nasdaq First North Growth Market Ticker Symbol: EG7
Certified Adviser: Eminova Fondkommission AB, Phone: +46 8 684 211 00