Bulletin from Annual General Meeting in Paradox Interactive AB
The Annual General Meeting (the “AGM”) of Paradox Interactive AB (publ) was held today. The AGM was carried out through advance voting (postal voting) only and without physical attendance of shareholders, proxies or persons who are not shareholders.
ADOPTION OF FINANCIAL STATEMENTS AND DIVIDEND
The AGM adopted the income statement and the balance sheet as well as the group income statement and the group balance sheet for the 2021 financial year. The AGM resolved on dividend to the shareholders of SEK 1 per share in accordance with the proposal of the board of directors, with Thursday 12 May 2022 as record date for dividends. Payment of the dividend is expected to be made by Euroclear on Tuesday 17 May 2022.
BOARD OF DIRECTORS AND AUDITOR
The directors of the board and the CEO were discharged from liability for the financial year 2021. In accordance with the proposal of the nomination committee, the AGM resolved to re-elect Håkan Sjunnesson, Fredrik Wester, Mathias Hermansson, Linda Höglund and Andras Vajlok as directors of the board and to re-elect Håkan Sjunnesson as chairman of the board.
The AGM approved the nomination committee's proposal that remuneration of SEK 640,000 shall be paid to the chairman and of SEK 320,000 shall be paid to ordinary board members. Further, it was resolved that remuneration of SEK 80,000 shall be paid to the chairman of the audit committee and of SEK 50,000 shall be paid to the chairman of the remuneration committee, and that remuneration amounting to 75 percent of that of the relevant chairman shall be paid to the other members of the committees.
In accordance with the nomination committee’s proposals, Öhrlings PricewaterhouseCoopers AB were re-elected as the company’s auditor and it was resolved that the auditor shall be paid according to approved invoice.
AMENDMENTS TO THE ARTICLES OF ASSOCIATION
In accordance with the board of directors’ proposal, it was resolved to amend the articles of association of the company so the lower limit of the number of directors is increased to five, so the possibility to elect deputy directors are removed and so the board of directors is enabled to decide that shareholders may exercise their voting rights per mail in the future.
The AGM approved the nomination committee’s proposed principles for the nomination committee.
GUIDELINES FOR REMUNERATION FOR SENIOR EXECUTIVES
The AGM approved the board's proposal regarding guidelines for remuneration to senior executives.
RESOLUTION ON AUTHORIZATION OF THE BOARD TO RESOLVE TO ISSUE SHARES, CONVERTIBLES AND/OR WARRANTS
The AGM resolved to approve the board's proposal to authorize the board to resolve to issue new shares, convertibles and/or warrants. The increase in the share capital may correspond to a dilution of a maximum of 10 percent of the share capital.
RESOLUTION ON (A) IMPLEMENTATION OF EMPLOYEE STOCK OPTION PROGRAM 2022/2026 AND (B) DIRECTED ISSUE OF WARRANTS AND APPROVAL OF TRANSFER OF WARRANTS
The AGM resolved to implement an incentive program to the company’s employees. At full participation and exercise of the incentive program, the number of shares in the company will increase by approximately 0.72 percent.
NUMBER OF REPRESENTED SHARES AND VOTES
In total, 69,800,083 shares and votes were represented at the AGM, corresponding to 66.1 percent of the number of outstanding shares and votes of the company.