STOCKHOLM, April 16, 2021 /PRNewswire/ --
The annual general meeting resolved, among other things, the
following:
- The income statement and balance sheet for 2020 were adopted.
The meeting resolved not to pay out dividends for the financial
year 2020. The board of directors and the CEO were discharged from
liability for the financial year
2020.
- Reelection of board members Anders
Berg, Magnus Folin,
Jon Lind and Mikael Mellberg and election of Jonas Wikström
as new member of the
board.
- Anders Berg was reappointed
chairman of the
board.
- Remuneration to the board of directors shall be in total
SEK 1,020,000, of which SEK 340,000 shall be paid to the chairman and
SEK 170,000 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
2022.
- 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 OXE at the time of the resolution on the
issue.
- Implementation of a long-term incentive program for senior
executives. The resolution means that OXE shall issue no more than
2,100,000 warrants to be subscribed by OXE and/or a subsidiary of
OXE after which they are to be transferred to the participants in
the incentive program. Each warrant entitles to subscription of one
new share in OXE at the subscription price of SEK 6 per share. The warrants may be exercised
for subscription of new shares during the following subscription
periods: (i) three weeks after the date of publication of OXE's
interim report for the first quarter of 2025, (ii) three weeks
after the date of publication of OXE's interim report for the
second quarter of 2025, and (iii) three weeks after the date of
publication of OXE's interim report for the third quarter of 2025.
The new shares which will be issued upon full subscription,
transfer and exercise of all warrants will correspond to approx. 1
per cent of the total outstanding shares in OXE prior to a full
exercise of the warrants of series 2018/2039 and 2020/2039 and
approx. 0.9 percent if all warrants of series 2018/2039
and 2020/2039 are exercised for the subscription of shares.
All resolutions were made in accordance with the proposals that
have been available before the general meeting. The complete
proposals are published on the company's website
www.oxemarine.com.
Certified Adviser
FNCA Sweden AB is Certified Adviser for OXE Marine AB (publ).
Contact details to FNCA Sweden AB: tel. +46 8 528
00 399, e-mail info@fnca.se
For further information, please contact:
Myron Mahendra
CEO
myron.mahendra@oxemarine.com
+46 76 347 59 82
Anders Berg
Chairman of the board
anders.berg@oxemarine.com,
+46 70 358 91 55
OXE Marine AB (publ) (NASDAQ STO: OXE) (OTCQX:
CMMCF) has, after several years of development, constructed the
OXE Diesel, the world's first diesel outboard engine in the
high-power segment. The Company'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/oxe-marine-ab/r/report-from-the-annual-general-meeting-in-oxe-marine-ab--publ--on-16-april-2021,c3326610
The following files are available for download:
https://mb.cision.com/Main/16067/3326610/1402754.pdf
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Report from AGM
2021
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SOURCE OXE Marine AB