Press release from TC TECH Sweden AB’s 2022 Annual General Meeting

TC TECH Sweden AB’s Annual General Meeting was held today, May 19, 2022, adjacent to the company’s own premises at Pirgatan 13 in Karlshamn, Sweden. Approximately 47,4% of all issued shares were represented at the AGM.

The AGM approved the income statement and the balance sheet for the company for the fiscal year 2021, furthermore, the Board of Directors' proposal for appropriation of the company's results was adopted and discharged the members of the Board and the CEO from liability for the fiscal year 2021.

Further, in accordance with the proposal submitted by the Nomination Committee, the AGM resolved that the Board of Directors shall consist of five ordinary Board members without deputy members. The Board will concist of the following members up to the AGM 2023: Peter Mattisson (Chairman of the Board), Per-Anders Johansson, Cecilia Jinert Johansson, Jörgen Brandt and Magnus Lindvall. For the same period, the Meeting elected Niclas Nordström, at the audit firm BDO Mälardalen AB, as auditor in charge.

In according with the Nominating Committee’s proposal, the AGM resolved that the total fees paid to the Board, shall be 425 000 SEK, of which 125,000 shall be paid to the Chairman and SEK 75,000 shall be paid to each of those Board members elected by the AGM who are not employed by the company.

It was unanimously resolved to authorize the Board to make a resolution to issue new shares. A maximum of 2,500,000 new shares may thus be issued in the period up to the AGM in 2023. Such share issue can be made with or without deviation from the current shareholders’ preferential rights. The share price shall be based on the market price at the time of the issue, with or without consideration taken to any possible market discount.