Source: https://tradevenue.se/pressrelease/2a9297c3-c7c0-4eca-878f-33d942208d3f
Timestamp: 2020-07-11 12:08:36
Document Index: 540914643

Matched Legal Cases: ['§ 1', '§ 6', '§ 7', '§ 9', '§ 1', '§ 6', '§ 7', '§ 9']

Today, May 19, 2020, the annual general meeting of Sedana Medical AB (publ) ("Sedana Medical" or the "Company") was held in Stockholm. The general meeting resolved to adopt all of the board of directors' and the nomination committee's resolution proposals. Complete information regarding each resolution proposal adopted at the general meeting is available at www.sedanamedical.se. A summary of the resolutions adopted at the general meeting is set out below.
The general meeting adopted the profit and loss statement and the balance sheet as well as the consolidated profit and loss statement and the consolidated balance sheet for the financial year 2019 and resolved, in accordance with the board of directors' proposal and the auditor's recommendation, that the accumulated profits shall be carried forward.
The general meeting resolved to authorise the board of directors to, at one or more occasions during the period until the next annual general meeting, with or without deviation from the shareholders' preferential rights, resolve on new share issues. The number of shares issued by exercise of the authorisation may not exceed 10% of the total number of shares outstanding in the Company as of the date of the annual general meeting. A new issue may be made with or without stipulations regarding non-cash consideration, set-off or other conditions referred to in Chapter 13, Section 5, first paragraph, item 6 of the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)). The objective of the authorisation is to provide the board of directors with flexibility in its work to ensure that the company can procure capital for the financing of the operations in an appropriate manner, to enable business or company acquisitions and to enable a broadening of the company's shareholder base.
The general meeting resolved to change § 1, § 6, § 7 and § 9 of the Company's articles of association.
The amendment of § 1 is made due to changes in the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)). The amendment of § 6 removes the possibility to have deputy directors. The amendment of § 7 is an editorial clarification and is made by reason of to the nomination committee's proposal that a registered accounting firm is appointed as auditor. The amendments in § 9 is made due to future changes of certain rules regarding record dates in the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)).
The general meeting resolved to adopt incentive programme 2020/2023 for co-workers, including a directed issue of not more than 325,000 warrants series 2020/2023 to the Company's subsidiary Sedana Medical Incentive AB to be subsequently transferred to the participants in the incentive programme. The objectives of the incentive programme are to establish conditions to recruit and maintain qualified personnel in the group and to increase the motivation of the co-workers of the group and to stimulate an increased interest for the Company's business and earnings. Assuming full exercise of all warrants of series 2020/2023, the Company's share capital will increase by SEK 32,500, and the number of shares and votes in the Company will increase by 325,000, equivalent to a dilution effect of approximately 1.39 per cent of the total number of shares and votes in the Company (based on the current number of shares and votes, without consideration of outstanding warrants).
The general meeting resolved to adopt incentive programme 2020/2024 for current and new co-workers, including a directed issue of not more than 360,000 warrants of series 2020/2024 to the Company's subsidiary Sedana Medical Incentive AB to be subsequently transferred to the participants in the incentive programme. The incentive programme is intended for both current co-workers as well as co-workers starting their employment or assignment in the Company's group during the period 21 May 2020-31 January 2021. The objectives of the incentive programme are the same as for incentive programme 2020/2023. Assuming full exercise of all warrants of series 2020/2024, the Company's share capital will increase with SEK 36,000, and the number of shares and votes in the Company will increase with 360,000, equivalent to a dilution effect of approximately 1.54 per cent of the total number of shares and votes in the Company (based on the current number of shares and votes, without consideration of outstanding warrants).