Bulletin from Annual General Meeting in Paradox Interactive AB (publ) on 18 May 2021
The Annual General Meeting (the “AGM”) of Paradox Interactive AB (publ) was held today. In light of the extraordinary situation prevailing as a result of Covid-19, the AGM was conducted by advance postal vote only, without physical attendance.
Adoption of financial statements and dividend
The AGM adopted the parent company and the consolidated balance sheets and income statements for the 2020 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 20 May 2020 as record date for dividends. Payment of the dividend is expected to be made by Euroclear on Tuesday 25 May 2021.
Board of directors and auditor
The directors of the board and the CEO were discharged from liability for the financial year 2020. In accordance with the proposal of the nomination committee, the AGM resolved to re-elect Fredrik Wester, Håkan Sjunnesson, Mathias Hermansson and Linda Höglund as directors of the board, Fredrik Wester as chairman of the board and Håkan Sjunnesson as deputy chairman of the board, as well as to elect Andras Vajlok as director of the board. It was noted that Josefine Salenstedt, who had been proposed for re-election as director by the nomination committee, had decided to withdraw her candidacy after the proposal had been disclosed. Consequently, re-election of Josefine Salenstedt was not made, and the board is comprised by Fredrik Wester, Håkan Sjunnesson, Mathias Hermansson, Linda Höglund and Andras Vajlok.
The AGM approved the nomination committee's proposal that remuneration of SEK 520,000 shall be paid to the deputy chairman and of SEK 260,000 shall be paid to ordinary board members, and that Fredrik Wester, at his own request, will be paid a remuneration of SEK 1. 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. Remuneration to the auditor shall be paid according to approved invoice.
Nomination committee
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 Option Program 2021/2025 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 0.65 percent.