The annual general meeting in 2017 in the LeoVegas AB (publ) (“LeoVegas” or “the Company“) was held today, 17 may 2017 whereby the shareholders took the following decisions.
Adoption of income statement and balance sheet
The agm resolved to adopt the income statement and the balance sheet in LeoVegas and the consolidated income statement and the consolidated balance sheet.
Appropriation of profits
The general meeting decided in accordance with the board’s proposal to the annual general meeting the disposal of the funds on 30 941 000, be distributed as dividend if 99 695 470 sek dividend to the shareholders, equivalent to an amount of sek 1.00 per share, and the remainder, 20 520 000 euro, to be carried forward to new account. It was further resolved that, in accordance with the board’s proposal, to determine the record day for the right to receive the dividend to 19 may 2017, whereby the dividends are expected to be disbursed by Euroclear Sweden AB on 24 may 2017.
Discharge
The board of directors and the managing director were discharged from liability for the financial year 2016.
The election of the board of directors and the auditors and audit
The agm resolved that the board of directors shall consist of seven members without deputies. It was resolved that the Company shall have one registered accounting firm as auditor.
It was further decided, in accordance with the nomination committee’s proposal for remuneration to board members shall amount to a total of 1 600 000 sek including fees for committee work (950 000 sek in the previous year), and be paid to the board of directors and established members of the committee with the following amounts:
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Sek 200,000 to each non-employee member of the board and sek 400,000 to the chairman of the board, provided that he / she is not employed;
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Sek 25 000 to each non-employee member of the remuneration committee and sek 50,000 to the chairman of the committee which at the same time not employed; and
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Sek 25 000 to each non-employee member of the audit committee and sek 50,000 to the chairman of the committee which at the same time is not employed.
It was further decided that fees to auditors would be paid according to approved account
Re-elected board members Per Brillioth, Barbara Canales, Robin Ramm-Ericson, Mårten First, Anna Frick and Patrik Rosén and Tuva Palm was elected as a new member. Mårten First was elected as a new chairman of the board.
Öhrlings PricewaterhouseCoopers AB was re-elected as the Company’s auditor. Öhrlings PricewaterhouseCoopers AB has announced that authorized public accountant Aleksander Lyckow continues as the auditor in charge.
The principles for appointing the nomination committee
The agm decided to adopt the principles for appointing of nominating committee in accordance with the nomination committee’s proposal (essentially the same guidelines, as adopted at the annual general meeting in 2016).
Guidelines for remuneration to senior executives
The general meeting decided in accordance with the board’s proposal to establish essentially the same guidelines, as adopted at the annual general meeting 2016.
Decision on incentive program for employees
The general meeting decided, in accordance with the board’s proposal, to issue a maximum of 1,000,000 warrants with deviation from the shareholders ‘ preferential rights as a result of which the Company’s share capital may increase by a maximum of 12 000,000022 euro. The warrants carries the right to subscribe for new shares in the Company.
The right to subscribe for warrants shall accrue to the Gears of Leo AB (“the Subsidiary“) with the right and obligation, on one or several occasions, to reassign the warrants to senior executives, employees and key personnel, who are or become employees of the Company or the group, at a price that is not less than the option’s market value according to Black & Scholes valuation model and, in general, on the same conditions as in the issue.
For detailed terms and conditions in respect of the decision of the general meeting, reference is made to the complete proposal which is available on the Company’s website, www.leovegasgroup.com.
Stockholm in may 2017
LeoVegas AB (publ)
The board of directors
For further information, please contact:
Gustaf Hagman, Group CEO and co-founder: +46 70-880 55 22, gustaf.hagman@leovegas.com
Philip Doftvik, Head of Corporate Finance and Investor Relations: +46 73 512 07 20,
philip.doftvik@leovegas.com
Marten First, the Chairman of the board via the email address ir@leovegas.com
Visiting Address: Sveavägen 59, Stockholm
Corporate identity number: 556830-4033
If mobilspelsbolaget LeoVegas
LeoVegas vision is to create the top gaming experience and be the number one in mobile games. The business is characterized by award-winning innovation and strong growth. LeoVegas technology development takes place in Sweden, while the operational business is based in Malta. The Swedish parent company LeoVegas AB (publ) invests in companies that offer games via mobile devices and computers as well as companies that are developing related technologies. LeoVegas has received considerable attention internationally and has won numerous awards.
Among other things, “the Nordic Operator of the year”, “Mobile Marketing Campaign of the year”, “Innovation in Mobile and Tablet of the year” at the international the EGR Awards.
LeoVegas is developed the “Mobile-First” and is at the forefront with the latest technology on the market for mobile games. With a base in an outstanding gaming experience, long-term customer relationships and the establishment of a strong brand, the Company with innovative, effective and data-driven marketing has attracted a continuously growing customer base. Mobilspelsbolaget LeoVegas has since the start shown strong growth each quarter. The company’s share is listed on First North Premier and Avanza Bank AB is the Company’s Certified Adviser. More about LeoVegas on
www.leovegasgroup.com
or
www.leovegas.com
.
Communiqué from the annual general meeting in 2017 at LeoVegas
