STOCKHOLM, May 14, 2019 /PRNewswire/ --
The annual general meeting resolved among other things the
following:
- The income statement and balance sheet for 2018
were adopted. The meeting resolved not to pay out dividends for the
financial year 2018. The board of directors and the CEO were
discharged from liability for the financial year 2018.
- Reelection of board members Anders Berg, Andreas
Blomdahl and Magnus Folin and
election of Magnus Grönborg and Jon
Lind as new board members.
- Anders Berg was
reappointed chairman of the board.
- Remuneration to the board of directors shall be in
total SEK 900,000, of which
SEK 300,000 shall be paid to the
chairman and SEK 150,000 shall be
paid to each of the other members of the board.
- Reelection of Ernst & Young AB as auditor for
the period until the end of the annual general meeting 2020.
- Amendment of the articles of association as
follows. The share capital shall not be less than SEK 2,000,000 and not more than SEK 8,000,000. The number of shares shall not be
less than 75,000,000 and not exceed 300,000,000.
- Authorization for the board of directors to resolve
on new issues of shares, warrants and/or convertibles. The board
shall have the right to resolve on rights issues as well as issues
with deviation from the shareholders' pre-emption rights. The total
increase of shares that may be issued based on the authorization
cannot in aggregate exceed 20 per cent of the number of outstanding
shares in Cimco at the time of the resolution on the issue.
- Implementation of a long-term incentive program for
employees and consultants. The resolution means that Cimco shall
issue no more than 10,000,000 warrants to be subscribed by Cimco
and/or a subsidiary of Cimco after which they are to be transferred
to the participants in the incentive program. Each warrant entitles
to subscription of one new share in Cimco at the subscription price
of SEK 4 per share. The warrants may
be exercised for subscription of new shares during the period from
and including 1 December 2022 until
and including 31 December 2022. The
new shares which will be issued upon full subscription, transfer
and exercise of all warrants will correspond to approx. 6 per cent
of the total outstanding shares in Cimco assuming full utilization
of the warrants of series 2019:1.
All resolutions were made in accordance with the proposals which
have been held available before the general meeting. The complete
proposals are published on Cimco's website www.oxe-diesel.com.
Certified Adviser
Västra Hamnen Corporate Finance AB is Certified Adviser for
Cimco. Contact details to Västra Hamnen Corporate Finance AB: tel.
+46 40 20 02 50, e-mail ca@vhcorp.se.
For further information, please contact:
Anders Berg, Chairman,
anders.berg@oxe-diesel.com, +46 70 358 91 55
Andreas Blomdahl, CEO,
andreas.blomdahl@oxe-diesel.com, +46 431 44 98 99
Myron Mahendra, CFO and EvP in
charge of Administration and HR, myron.mahendra@oxe-diesel.com, +46
76 347 59 82
Cimco Marine AB (publ) has, after several years of
development, constructed the OXE Diesel, the world's first diesel
outboard engine in the high-power segment. Cimco's unique patented
engine-to-propulsion power transmission solutions have led to high
demand for the Company's engines worldwide.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/cimco-marine/r/report-from-annual-general-meeting-in-cimco-marine-ab--publ--on-14-may-2019,c2813754
The following files are available for download:
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Report from annual
general meeting in Cimco Marine AB (publ) on 14 May 2019
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SOURCE Cimco Marine