May 10th 2021

Azelio’s largest shareholder, Blue Marlin AB, withdraws proposal for long-term incentive program for the Board with the intention of extending the term of the program

The Board of Directors of Azelio AB (publ) has been informed by Blue Marlin AB, the company’s largest shareholder, that the proposal for a long-term incentive program is being withdrawn. The purpose is to extend the term of the program so that it does not coincide with the end date of the management’s incentive program. The proposal was to be considered at the Annual General Meeting on May 11, 2021. Blue Marlin AB has announced that they intend to return shortly with a new proposal for the Board’s incentive program with a similar meaning and a new end date, which will be handled at an Extraordinary General Meeting.

For more information, contact:

Jonas Eklind, CEO, Azelio
Mob: +46 709 40 35 80
Email: jonas.eklind@azelio.com

Fredrik Wäppling, CFO, Azelio
Mob: +46 709 91 12 34
Emailt: fredrik.wappling@azelio.com

The information was submitted for publication, through the agency of the contact person, on May 10, 13:00  CET, 2021.

Azelio is a Swedish cleantech company. We have developed an ingenious long duration energy storage technology, providing dispatchable electricity and usable heat for all hours of the day – with zero emissions and at a very competitive cost.

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Contact information

Azelio
Lindholmsplatsen 1
417 56 Gothenburg
Sweden

Phone: +46 532 100 20

Email: info@azelio.com

© Azelio 2022