Yesterday, on May 8, 2014, the annual meeting of Botnia Exploration Holding AB (publ) was held. Below is a summary of the decisions made. All decisions were made with the required majority.
Botnia Exploration – Annual meeting bulletin
Yesterday, on May 8, 2014, the annual meeting of Botnia Exploration Holding AB (publ) was held. Below is a summary of the decisions made. All decisions were made with the required majority.
Adoption of income statement and balance sheet, and consolidated income statement and consolidated balance sheet
The annual meeting decided to adopt the presented income statement and balance sheet and the consolidated income statement and consolidated balance sheet.
Profit allocation and discharge
The annual meeting decided to allocate the profit of the company in accordance with the board of directors’ proposal in the annual report. It was also decided that no dividend will be paid for the financial year 2013. The annual meeting decided to grant discharge to the board of directors and to the Chief Executive Officer.
Board of directors and auditors
The annual meeting decided on a board fee of 200,000 SEK to the chairman and 100,000 SEK to the other board members who are not main shareholders and/or employees of the Group. It was also decided that the board of directors shall consist of three board members. To ordinary board members, Bengt Ljung and Pär Weihed were appointed. At the subsequent statutory board meeting, Per-Erik Lindvall was appointed chairman of the board. The annual meeting decided that the auditor shall be paid according to approved invoices in accordance with normal standards.
Decision on authorising the board of directors until the next annual meeting to decide on one/several issues of shares, convertibles and share option rights
The annual meeting decided to authorise the board of directors until the next annual meeting to, at one or several occasions, with or without deviation from the shareholders’ preferential rights, decide on new issue of shares and/or convertibles and or share option rights. The board of directors is authorised to decide that a new issue of shares may be made against payment in cash, in kind and/or offsetting, or otherwise be subject to conditions.
For further information, please contact:
Bengt Ljung, CEO – Botnia Exploration
Phone: +46 705 431605
Email: info@botniaexploration.com
Botnia Exploration Holding AB (publ) is an exploration company focusing on gold and base metals in Sweden. The company is listed on AktieTorget (BOTX). For further information, please visit www.botniaexploration.com.
Adoption of income statement and balance sheet, and consolidated income statement and consolidated balance sheet
The annual meeting decided to adopt the presented income statement and balance sheet and the consolidated income statement and consolidated balance sheet.
Profit allocation and discharge
The annual meeting decided to allocate the profit of the company in accordance with the board of directors’ proposal in the annual report. It was also decided that no dividend will be paid for the financial year 2013. The annual meeting decided to grant discharge to the board of directors and to the Chief Executive Officer.
Board of directors and auditors
The annual meeting decided on a board fee of 200,000 SEK to the chairman and 100,000 SEK to the other board members who are not main shareholders and/or employees of the Group. It was also decided that the board of directors shall consist of three board members. To ordinary board members, Bengt Ljung and Pär Weihed were appointed. At the subsequent statutory board meeting, Per-Erik Lindvall was appointed chairman of the board. The annual meeting decided that the auditor shall be paid according to approved invoices in accordance with normal standards.
Decision on authorising the board of directors until the next annual meeting to decide on one/several issues of shares, convertibles and share option rights
The annual meeting decided to authorise the board of directors until the next annual meeting to, at one or several occasions, with or without deviation from the shareholders’ preferential rights, decide on new issue of shares and/or convertibles and or share option rights. The board of directors is authorised to decide that a new issue of shares may be made against payment in cash, in kind and/or offsetting, or otherwise be subject to conditions.
For further information, please contact:
Bengt Ljung, CEO – Botnia Exploration
Phone: +46 705 431605
Email: info@botniaexploration.com
Botnia Exploration Holding AB (publ) is an exploration company focusing on gold and base metals in Sweden. The company is listed on AktieTorget (BOTX). For further information, please visit www.botniaexploration.com.
