STOCKHOLM, May 22, 2019 /PRNewswire/ -- At today's Annual
General Meeting in Strax AB (publ) it was resolved to adopt the
income statement and the balance sheet for the company, as well as
the consolidated income statement and balance sheet for the year
2018. Furthermore, it was resolved that the distributable funds
should be transferred to profit carried forward. The Annual General
Meeting resolved to discharge the board members and the CEO from
liability.
It was resolved that the number of members of the Board of
Directors, for the time until the end of the next Annual General
Meeting, shall be five (5) ordinary Directors and no deputy
Directors. It was resolved, in accordance with the Nomination
Committee's proposal, that Bertil
Villard, Anders Lönnqvist, Gudmundur
Palmason, Pia Anderberg and
Ingvi Tomasson are re-elected as
members of the Board of Directors, all for the period until the end
of the next Annual General Meeting. It was further resolved that
Bertil Villard is re-elected as
chairman of the Board of Directors for the period until the end of
the next Annual General Meeting. It was further resolved to elect
PwC AB, with Niklas Renström as the auditor in charge, as the
company's auditor for the time until the end of the next Annual
General Meeting.
It was resolved that each member of the Board of Directors who
is considered to be independent in relation to major shareholders,
shall receive SEK 150,000, and the
chairman of the Board of Directors shall to receive SEK 225,000, as remuneration. It is thus
Bertil Villard, Anders Lönnqvist and
Pia Anderberg that shall receive
remuneration, whereas remuneration to the Board of Directors shall
be paid with a total of SEK 525,000.
It was further resolved that the remuneration to the auditor, for
the time until the end of the next Annual General Meeting, shall be
paid as per current approved account.
The Annual General Meeting resolved to adopt the Board of
Directors' proposal regarding guidelines for remuneration for the
company's management and other employees.
It was further resolved, in accordance with the proposal from
the Board of Directors, to authorise the Board of Directors to, up
until the next Annual General Meeting, on one or several occasions
and with or without preferential rights for the shareholders
against cash payment or against payment through set-off or in kind,
or otherwise on special conditions to issue new shares.
However, such issue of shares must never result in the company's
issued share capital or the number of shares in the company at any
time, being increased by more than a total of 10 per cent. The
previous authorisation to issue new shares and which was given at
last year's Annual General Meeting, was valid up to this year's
Annual General Meeting and has consequently lapsed.
The Annual General Meeting resolved, in accordance with the
Board of Directors' proposal, to authorise the Board of Directors
to resolve on the acquisition and sale of the company's own shares.
The following shall apply for acquisition and sale of the company's
own shares:
Acquisition and sale of own shares shall exclusively take place
on Nasdaq Stockholm.
The authorisation may be utilised on one or several occasions
until the 2020 Annual General Meeting.
Shares may be acquired to the extent that the company's holding
of its own shares, on any occasion, does not exceed ten (10) per
cent of the company's total shares. Sale may be carried out of not
more than the number of shares acquired under this
authorisation.
Acquisition and sale of shares may only take place at a price
within the price interval, on any occasion, recorded on Nasdaq
Stockholm, which refers to the interval between the highest buying
price and the lowest selling price.
Additional information regarding the resolutions of the Annual
General Meeting can be found in the proposals to the Annual General
Meeting, which were prepared and that can be found on the company's
website.
For further information please contact
Gudmundur Palmason
CEO
STRAX AB
telephone: +46-8-545-017-50.
About STRAX
STRAX is a market-leading global company specializing in mobile
accessories. STRAX has built a House of Brands to complement its
value-added customer specific solutions and services. STRAX House
of Brands includes proprietary brands: XQISIT, Urbanista, THOR,
CLCKR and licensed brands: adidas and bugatti.
In addition, STRAX represents over 40 major mobile accessory
brands. STRAX sells into all key channels ranging from telecom
operators, mass merchants and consumer electronics to lifestyle
retailers and direct to consumers online. STRAX was founded in
Miami and Hong Kong in 1995 and has since grown across
the world. Today, STRAX has 200 employees in 13 countries with its
operational HQ and logistics center based in Germany. STRAX is listed on the Nasdaq
Stockholm Stock Exchange.
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STRAX Bulletin from
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SOURCE Strax