Stockholm, Sweden, May 6, 2021 – BioArctic AB (publ) (Nasdaq Stockholm: BIOA B) today held its Annual General Meeting. Due to the continued spread of the coronavirus and the authorities’ regulations and advice, the annual general meeting was held through advance voting (so called postal voting) in accordance with temporary legislation. The following resolutions were adopted.
Adoption of the income statement and the balance sheet; allocation of result
The general meeting adopted the income statement and balance sheet for the company and for the group in accordance with submitted accounting documents. The general meeting further resolved to allocate the company’s result in accordance with the board’s proposal, i.e. that profits of SEK 830,909,021 shall be carried forward. The resolution entails that no dividend is paid for the financial year 2020.
Discharge from liability
The annual general meeting resolved to discharge the board members and the managing director from liability for the financial year 2020.
Election of board members and resolution on board remuneration
The ordinary board members Wenche Rolfsen, Ivar Verner, Håkan Englund, Pär Gellerfors, Lars Lannfelt, Mikael Smedeby and Eugen Steiner were re-elected and Lotta Ljungqvist was elected as a new board member, all for a term of office extending until the end of the next annual general meeting. Wenche Rolfsen and Ivar Verner were re-elected as chairperson and deputy chairperson of the board, respectively.
The meeting resolved, in accordance with the nomination committee’s proposal, on board remuneration and remuneration for work in the board’s committees, with the following allocation: SEK 500,000 to the chairperson of the board, SEK 300,000 to the deputy chairperson, SEK 250,000 to each of the other board members who are not employed by the company, SEK 100,000 to the chairperson of the audit committee, SEK 60,000 to each of the other members of the audit committee who are not employed by the company, SEK 60,000 to the chairperson of the remuneration committee, and SEK 40,000 to each of the other members of the remuneration committee who are not employed by the company. The resolution entails that the remuneration to the board remains unchanged.
Auditor and resolution on remuneration to the auditor
The meeting resolved, in accordance with the nomination committee’s proposal, to appoint the registered auditing firm Grant Thornton Sweden AB to be the auditor of the company for the period until the end of the next annual general meeting. Mia Rutenius will continue as auditor in charge. Fees to the auditor shall be paid in accordance with approved invoice.
Nomination committee and guidelines for the work of the nomination committee
The nomination committee’s proposal for principles for and the establishment of the nomination committee in preparation for the annual general meeting in 2022 was approved by the annual general meeting. Further, the nomination committee’s proposal to adopt instructions for the work of the nomination committee was approved by the annual general meeting.
Remuneration report regarding the financial year 2020
The annual general meeting resolved to approve the remuneration report for the financial year 2020.
Authorization for issues of shares, convertibles and warrants
The annual general meeting resolved to authorize the board of directors to resolve on issues of shares, convertibles and warranties om accordance with the board’s proposal. The resolution entails that the board is authorized to resolve on one or several occasions during the period up to the next annual general meeting, to increase the Company’s share capital through issues of new shares, convertible instruments and/or warrants, with or without deviating from the shareholder’s preferential rights, and with or without provisions on payment by non-cash consideration and/or by way of set-off or other provisions. However, in the event of decisions deviating from the shareholders’ preferential rights, the board shall not be authorized to make decisions which increase the share capital by more than ten (10) per cent in relation to the existing share capital when the authorization was first used.
The information was released for public disclosure, through the agency of the contact persons above, on May 6, 2021, at 3:00 p.m. CET.
For further information, please contact:
Oskar Bosson, Vice President Communications and Investor Relations, BioArctic AB
Phone: +46 70 410 71 80