"Company") was held today on 17 May 2017 and the following resolutions were
passed by the meeting.
The annual general meeting ("AGM") of LeoVegas AB (publ) ("LeoVegas" or the "Company") was held today on 17 May 2017 and the following resolutions were passed by the meeting.
Adoption of the income statement and the 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.
Allocation of profit
The AGM resolved, in accordance with the board of directors proposal, of the amount available for distribution to the shareholders, EUR 30,941,000, SEK 99,695,470 is distributed to the shareholders corresponding to SEK 1.00 per share and the remaining amount, 20,520,000 is carried forward. It was further resolved, in accordance with the board of directors proposal, that the record date entitling to dividend shall be 19 May 2017, where the dividend will preliminary be paid out from Euroclcear Swedan AB on 24 May 2017.
Discharge from liability
The board of directors and the CEO were discharged from liability for the financial year 2016.
Election of the board of directors, auditor and remuneration
The AGM resolved that the board of directors shall comprise seven directors and no deputy directors. The AGM resolved that the number of auditors shall be one registered audit firm.
It was further resolved, in accordance with the nomination committee's proposal, that the he remuneration is to be SEK 1,600,000 in total, including remuneration for committee work (SEK 950,000 previous year), and shall be paid to the board of directors and the members of the established committees in the following amounts:
- SEK 200,000 for each of the non-employed directors and SEK 400,000 to the chairman provided that the chair is not an employee;
- SEK 25,000 for each of the non-employed members of the remuneration committee and SEK 50,000 to the chairman of the committee who is not also an employee; and
- SEK 25,000 for each of the non-employed members of the audit committee and SEK 50,000 to the chairman of the committee who is not also an employee.
It was further resolved that remuneration to the auditor shall be paid in accordance with approved invoices.
Per Brillioth, Barbara Canales, Robin Ramm-Ericson, Mårten Forste, Anna Frick and Patrik Rosén were re-elected as directors of the board and Tuva Palm was elected as new director. Mårten Forste was elected as the new chairman of the board.
Öhrlings PricewaterhouseCoopers AB was re-elected as the Company auditor. Öhrlings PricewaterhouseCoopers has announced that Aleksander Lyckow remains as main responsible auditor.
Principles for the nomination committee
It was resolved to adopt principles for the nomination committee in accordance with the committee's proposal (in principle the same as last year).
Guidelines for remuneration to the senior executives
The AGM resolved, in accordance with the board of directors proposal, to adopt, in principle, the same guidelines adopted at the AGM 2016.
Resolution regarding incentive program for employees
The AGM resolved in accordance with the board of directors proposal to issue a maximum of 1,000,000 warrants, with deviation from the shareholders preferential rights, which may result in a maximum increase in the Company's share capital of EUR 12,000.000022. The warrants shall entitle to subscription of new shares in the Company.
The warrants shall be subscribed for by Gears of Leo AB (the "Subsidiary"), with the right and obligation to, at one or several occasions, transfer the warrants to senior executives, other employees and key persons, who are or will become employed by the Company or within the group, at a price that is not less than the fair market value of the warrant according to the Black & Scholes valuation model and otherwise on the same terms as in the issuance.
For further details regarding the resolution refer to the complete proposal available at 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, firstname.lastname@example.org
Philip Doftvik, Head of Corporate Finance and Investor Relations: +46 73 512 07 20, email@example.com
Mårten Forste, via emailadress firstname.lastname@example.org
Visitors address: Sveavägen 59, Stockholm
Corporate identity number: 556830-4033
About the LeoVegas mobile gaming group
LeoVegas' vision is to create the ultimate mobile gaming experience and be number one in mobile casino. The business is distinguished by award-winning innovation and strong growth. LeoVegas' technical development is conducted in Sweden, while operations are based in Malta. The Swedish parent company LeoVegas AB (publ) invests in companies that offer gaming via mobile devices and desktop computers along with companies that develop related technologies. LeoVegas has attracted major international acclaim and has won numerous awards, including "Nordic Operator of the year", "Mobile Marketing Campaign of the year", and "Innovation in Mobile and Tablet of the Year" at the international EGR Awards. LeoVegas bases its development on "Mobile First" and is at the forefront of using state-of-the-art technology in the mobile gaming market. With a foundation in a great gaming experience, long-term customer relationships and establishment of a strong brand, the company has attracted a steadily growing customer base through innovative, effective and data-driven marketing. Since its start, the mobile gaming company LeoVegas has shown strong quarter-on-quarter growth. LeoVegas' shares are listed on Nasdaq First North Premier. Avanza Bank AB is the company's Certified Adviser. For more about LeoVegas, visit www.leovegasgroup.com or www.leovegas.com.