Yesterday, May 31, the Annual General Meeting was held in Crowdsoft Technology AB (publ). Below is a summary of decisions. Decisions were made by the required majority.
Adoption of income statements, balance sheets, disposition regarding the company's unrestricted equity
The Annual General Meeting decided to adopt the balance sheet, income statement, consolidated balance sheet and consolidated income statement. The Annual General Meeting decided to dispose of unrestricted equity in a new account.
Discharge of liability for the members of the Board of Directors and the President
The Annual General Meeting decided to grant the members of the Board of Directors and the CEOs discharge from liability for the financial year 2017.
Determination of the number of board members, deputy board members, auditors and determination of fees for the board and auditors
The Annual General Meeting decided in accordance with the Nomination Committee's proposal that the board shall consist of four(4) board members without deputy board members, and to appoint one (1) registered auditing company without a deputy. The meeting further decided in accordance with the Nomination Committee's proposal that board fees shall be paid 120,000 SEK to the Chairman of the Board and 60,000 SEK each to other board members who are not employed within the group. As a result, the total board fee will amount to 240,000 SEK for the coming financial year.
Election of board and auditor
The Annual General Meeting decided in accordance with the Nomination Committee's proposal to re-elect Urban Fagerstedt, Henrik Tjernberg and Lena Torlegård as board members and to elect Peter Reigo as a new board member. Henrik Tjernberg was re-elected as Chairman of the Board.
The Annual General Meeting further decided in accordance with the Nomination Committee's proposal to re-elect Öhrlings PricewaterhouseCoopers AB as the company's auditor.
Öhrlings PricewaterhouseCoopers AB has announced that authorized auditor Henrik Boman will continue to be the principal auditor.
Amendment of the Articles of Association
The Annual General Meeting decided in accordance with the Board's proposal to change the Company's name to Flowscape Technology AB (publ). The Board's proposal is a step followed by the acquisition of Flowscape AB during the spring. The majority of the business is currently conducted under the brand Flowscape, why a name change increases transparency around the Company.
Authorization for the Board to decide on a new issue of shares
The Board of Directors received authorization from the Annual General Meeting to, as far as the next Annual General Meeting, with or without deviation from the shareholders preferential right, on one or more occasions, to decide on the issue of shares against cash payment, or with payment in kind or by set-off. The authorization covers a maximum of 140,000,000 shares and in the event of a share issue without preference for the shareholders shall the subscription price is set at market conditions.
The purpose of the authorization and the reasons for any deviation from the shareholders' preferential right is to broaden the Company's ownership base through to offer financial and industrial investors to invest in The company and to increase the company's financial flexibility and the board's room for maneuver in the work of financing and enabling continued expansion.
Decision on issue of warrants and more
The Annual General Meeting decided in accordance with the Board's proposal to issue maximum 25,000,000 warrants. Each warrant gives the right to subscribe a new share in the Company during the period 1 November 2021 through 30 December 2021. The subscription price shall amount to an amount corresponding to 200% of the quoted volume - weighted average price paid below 10 trading days immediately before the execution of the option program.
Decisions on procedures for appointing members of the Nomination Committee
The Annual General Meeting decided to adopt the principles proposed by the Nomination Committee for how the members of the Nomination Committee are to be appointed and the tasks of the Nomination Committee. It was further decided that the Nomination Committee shall consist of representatives from the company's two (2) largest shareholders according to the share register at the end of the third quarter of the financial year and Chairman of the Board. Furthermore, no remuneration is paid to the members of