Press release from the Annual General Meeting of Cision AB (publ) on June 25, 2014
June 26 2014 - 2:16AM
Business Wire
Regulatory News:
Yesterday, Wednesday June 25, 2014, Cision AB (publ) (the
”Company”) held its annual general meeting for the financial year
2013, where the following principal resolutions were adopted.
For more detailed information on the resolutions, please refer
to the press release disclosed on May 26, 2014 and the complete
notice to attend the annual general meeting. The notice to attend
the annual general meeting and the complete proposals regarding the
decisions below are available at the Company’s website,
http://corporate.cision.com/Corporate-Governance-/Annual-General-Meeting/Annual-General-Meeting-2014/.
Adoption of income statement and balance sheet The annual
general meeting adopted the income statement and the balance sheet
and the consolidated income statement and the consolidated balance
sheet for the financial year 2013.
Allocation of the Company’s earnings The annual general meeting
decided, in accordance with the proposal of the majority
shareholder, that the unappropriated earnings of SEK 334,212,854 in
aggregate are allocated as follows: retained earnings of SEK
575,613,337, fair value reserve of SEK -120,398,395, share premium
reserve of SEK 136,493,405 and the net result for the year of SEK
-257,495,493 should be carried forward into new account.
The board of directors The annual general meeting decided to
discharge each of the directors of the board and the Chief
Executive Officer (the ”CEO”) from liability for the financial year
2013.
The annual general meeting decided that the board of directors
shall consist of five directors, without any deputy directors.
Lawrence Fey, Mark Anderson, Cedric Bradfer, Ronan Carroll and
Peter Lundin were re-elected as directors of the board for the
period until the end of the annual general meeting held in 2015.
Lawrence Fey was re-elected as chairman of the board.
Remuneration to the board of directors and the auditors The
annual general meeting decided, in accordance with the proposal of
the majority shareholder, that the remuneration to the board of
directors shall be SEK 1,750,000, allocated in accordance with the
following: SEK 750,000 per year to the chairman of the board and
SEK 250,000 per year to each of the other directors.
The annual general meeting also resolved, in accordance with the
proposal of the majority shareholder’s proposal, that the fees to
the auditor should be paid in accordance with invoice approved by
the Company.
The auditor The auditing company KPMG AB was elected as auditor
of the Company for the period until the end of the 2015 annual
general meeting. Auditor-in-charge will be Helene Willberg.
Meltwater Drive Sverige AB, holder of 2,274,570 shares in Cision
AB (publ), corresponding to app. 15.3 % of all the shares in the
Company, proposed that an auditor should be appointed by the
Swedish Companies Registration Office - a so called “minority
auditor” - in order to participate in the audit together with other
auditors for the time until the next annual meeting. This means
that any shareholder may request the appointment of a minority
auditor by the Companies Registration Office. Meltwater Drive
Sverige AB proposes that authorized public accountant Svante
Forsberg, Deloitte is appointed minority auditor.
Nomination committee The annual general meeting resolved that
the Company will not have a nomination committee hereafter.
Guidelines for salary and other remuneration to the Company’s
CEO and other senior executives The annual general meeting approved
the guidelines proposed by the board of directors for salary and
other remuneration to the Company’s CEO and other senior executives
of the Company.
Re-allocation of shares bought back under LTI 2011 The annual
general meeting resolved to re-allocate shares bought back under
the long term share-related incentive program adopted by the annual
general meeting held in 2011 (LTI 2011) to the long term
share-related incentive program adopted by the annual general
meeting held in 2013 (LTI 2013). In brief, the decision means that
a number of the 51,262 shares which are owned by the Company, are
re-allocated to LTI 2013 so that the re-allocated shares can be
used to secure delivery of shares to participants in LTI 2013 and
to secure for future cash flow effects due to payments of social
security costs related to LTI 2013. It was resolved that an
aggregate number of 19,116 shares are re-allocated from LTI 2011 to
LTI 2013. It was further resolved that transfers of re-allocated
shares shall be made on the same principles as prescribed in
connection with the adoption of LTI 2013 at the 2013 annual general
meeting.
The information provided herein is such that Cision AB (publ) is
obligated to disclose pursuant to the Swedish Securities Markets
Act (SFS 2007:528) and/or the Swedish Financial Instruments Trading
Act (SFS 1991:980). The information was submitted for publication
at 08:00AM CEST on June 26, 2014.
Cision is a leading provider of cloud-based PR software,
services and tools for the marketing and public relations industry.
Marketing and PR professionals use our products to help manage all
aspects of their brands – from identifying key media and
influencers to connecting with audiences; monitoring traditional
and social media; and analyzing outcomes. Journalists, bloggers,
and other influencers use Cision’s tools to research story ideas,
track trends, and maintain their public profiles. Cision is present
in Europe, North America and Asia and quoted on the Stockholm Stock
Exchange with revenue of approx. SEK 0.9 billion in 2013. For more
information, visit www.cision.com.
This information was brought to you by Cision
http://news.cision.com
For further information please contact:Magnus Thell, interim
President and CEO Charlotte Hansson, CFOTelephone: +46 (0)8-507 410
11,e-mail: investorrelations@cision.comCision AB (publ) P.O. Box
24194,SE-104 51 Stockholm, Sweden Corp Identity
No.SE556027951401Telephone: +46 (0)8 507 410
00http://corporate.cision.com/sv
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