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Press release from annual general meeting in Azelio AB (publ) on 14 May 2020

At the annual general meeting in Azelio AB (publ) in Gothenburg the shareholders resolved upon the following:

Approval of the financial statements of 2019 and discharge from liability

The annual general meeting approved the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year 2019, and the members of the board and the managing director was discharged from liability for the financial year 2019.

Allocation of profit or loss

The annual general meeting resolved, in accordance with the board’s proposal, that the funds at the meeting’s disposal consisting of the profit of the year is carried forward and that no dividends are paid out for the financial year 2019.

Election of board members, auditors, fees to the board of directors and auditors

The annual general meeting resolved, in accordance with the proposal of the nomination committee, that the number of members of the board of directors shall be seven without deputy members, and that the company shall have one auditor, with no deputies.

Bo Dankis, Bertil Villard, Kent Janér, Pär Nuder, Mattias Bergman, Hicham Bouzekri and Sigrun Hjelmquist were, in accordance with the proposal of the nomination committee, re-elected up until the end of the next annual general meeting. It was also resolved to re-elect Bo Dankis as chairman of the board. Furthermore, it was resolved to re-elect the accounting firm KPMG AB as auditor for the period up until the end of the next general, and it was noted that the authorised public accountant Fredrik Waern will be the auditor in charge.

The annual general meeting further resolved that fees shall be paid in accordance with the nomination committee’s proposal, meaning a fee to the chairman of the board of directors of SEK 500,000, a fee to each other board member elected by the shareholders’ meeting not employed by the company of SEK 150,000, a fee to each of the members of the finance committee not employed by the company of SEK 50,000 and a fee to each of the members of the remuneration committee not employed by the company of SEK 30,000.

Principles for appointment of a nomination committee

The annual general meeting resolved, in accordance with the proposal of the nomination committee, to adopt principles for appointing a nomination committee for the annual general meeting 2021. In short, these principles states that the nomination committee shall be composed of the chairman of the board of directors together with one representative of each of the three largest shareholders, based on ownership in the company as of the expiry of the third quarter of the financial year.

Authorisation to issue new shares

The annual general meeting resolved, in accordance with the proposal of the board of directors, to authorise the board to resolve – at one or several occasions and for the time period until the next annual general meeting – to increase the company’s share capital by new share issues, to the extent that it corresponds to a dilution of not more than 20 percent of the number of shares outstanding at the time of the notice of the annual general meeting, after full exercise of the hereby proposed authorisation. New share issues may be made with or without deviation from the shareholders’ preferential rights and with or without provisions for contribution in kind, set-off or other conditions.

For further information, contact:

Jonas Eklind, CEO, Azelio
Tel: +46 709 40 35 80
E-mail: jonas.eklind@azelio.com

Kennet Lundberg, CFO, Azelio
Tel: +46 705 24 47 79
E-mail: kennet.lundberg@azelio.com

The information was published for public disclosure on May 14th, 2020 at 11:00 CEST through the agency of the contact person set out above.

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