Bulletin from the annual general meeting of Terranet AB on 10 May 2023
May 10 2023 - 9:45AM
Bulletin from the annual general meeting of Terranet AB on 10 May
2023
The annual general meeting of Terranet AB (the
"Company") took place today, 10 May 2023 at The Spark,
Scheeletorget 1, Lund. The meeting
resolved with the required majority as follows:
Adoption of the income statement and balance
sheet The annual general meeting resolved to adopt
Terranet’s income statement and balance sheet as well as the
consolidated income statement and consolidated balance sheet.
Distribution of profit The annual general
meeting resolved to treat the result in accordance with the
proposal of the board of directors in the annual report, meaning
that the result is carried forward.
Discharge from liability The directors and
managing director were discharged from liability for the 2022
financial year.
Election of the board of directors and auditor, and
directors and auditor’s fees The annual general meeting
resolved that the board of directors shall consist of six members
with no deputies. It was further resolved that the Company shall
have a registered accounting firm as auditor.
Göran Janson, Anders Blom, Magnus Edman, Tarek Shoeb and Nils
Wollny were re-elected as board members. The annual general meeting
resolved to elect Torgny Hellström as a new board member. Torgny
Hellström was elected chairman of the board.
The registered accounting firm Ernst & Young AB
("EY") was elected as the Company's auditor. EY
has announced that the authorized public accountant Martin
Henriksson will be the auditor in charge.
It was resolved that board fees of SEK 150,000 shall be paid to
each of the members elected by the general meeting who are not
employed by the Company or the group, and SEK 400,000 to the
chairman of the board. A fee of SEK 25,000 shall be paid to each of
the members of the remuneration committee (maximum 3 persons) and a
fee of SEK 40,000 shall be paid to each of the members of the audit
committee (maximum 4 members) that the board of directors intends
to establish, and SEK 75,000 to its chairman. It was decided that
fees to the auditor shall be paid according to approved
invoices.
Amendment of the articles of associationThe
annual general meeting resolved, in accordance with the proposal of
the board of directors’, to amend the articles of association.
The amendment to the articles of association entails adjusting
the limits on the share capital and the number of shares in such a
way that the share capital shall be not less than SEK 3,300,000 and
not more than SEK 13,200,000 and the number of shares shall be not
less than 330,000,000 and not more than 1,320,000,000.
Resolution to authorize the board to decide on new issue
of shares, warrants and convertiblesThe
annual general meeting resolved to authorize the board of directors
to, until the next annual general meeting, on one or more
occasions, resolve to issue series B shares, warrants and/or
convertibles with the right to subscribe for or convert series B
shares, with or without deviation from the shareholders'
preferential rights, within the limits of the articles of
association applicable from time to time, to be paid in cash, in
kind and/or by way of set-off.
That the board of directors shall be able to decide on a new
issue without preferential rights for the shareholders as described
above is primarily for the purpose of being able to raise new
capital to increase the Company's flexibility for financing.
Resolution authorizing
the board of directors to make minor adjustments to the
resolutions adopted at the meetingThe
annual general meeting resolved to authorize the board of
directors, the CEO or the person otherwise appointed by the board
of directors to make such minor adjustments and clarifications to
the resolutions adopted at the annual general meeting as are
necessary for the registration of the resolutions.
_______________
Lund, May 2023Terranet ABBoard of Directors
For more information, please
contactMagnus Andersson, CEOE-mail:
magnus.andersson@terranet.se
About Terranet AB (publ)
Terranet is on a mission to save lives in urban
traffic.
We develop breakthrough tech solutions for Advanced Driver
Assistance Systems (ADAS) and Autonomous Vehicles (AV) that protect
vulnerable road users.
With a unique patented vision technology, Terranet’s
anti-collision system BlincVision laser scans and detects road
objects up to ten times faster and with higher accuracy than any
other ADAS technology available today.
Terranet is based in Lund, Sweden, and in the heart of the
European automotive industry in Stuttgart, Germany. The company is
listed on Nasdaq First North Premier Growth Market since
2017(Nasdaq: TERRNT-B).
Follow our journey at www.terranet.se
Certified Adviser to Terranet is Mangold Fondkommission AB,
08-503 015 50, ca@mangold.se.
- Terranet_PM_Bulletin AGM 2023_ENG
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