The board of directors of EPTI AB (publ) ("EPTI" or the "Company") decided on 24 April 2023 to adopt a new strategic direction, which means that EPTI will become a pure investment company with a focus on artificial intelligence...
The annual general meeting of EPTI AB (the "Company") was held today, 30 June 2023, at 10.00 am at the offices of Eversheds Sutherland Advokatbyrå, Sveavägen 20, Stockholm. All resolutions were passed with the required majority. The main resolutions passed by the meeting are set out below.
Adoption of the income statement and balance sheet
The meeting resolved to adopt the income statement and balance sheet as included in the annual report for 2022.
Appropriation of profits
The meeting resolved that the result for the year shall be carried forward and that no dividend shall be paid for the financial year 2022.
Discharge from liability
The members of the Board of Directors and the CEO were discharged from liability for the administration of 2022.
Fees to the Board of Directors and the auditor
The meeting resolved, in accordance with the board of directors' proposal, that fees of SEK 100,000 shall be paid to each of the ordinary board members who are not employed by the Company, and that fees of SEK 150,000 shall be paid to the chairman of the board.
Fees to the Company's auditor shall be paid in accordance with the current account approved by the board of directors.
Election of the board of directors and auditor
The proposed board member Halida Mujkic announced that she was not available for election. The meeting therefore resolvedthat the board of directors shall consist of four (4) members and to re-elect Arli Mujkic and Sebastian Nyaiesh and to elect Jesper Kärrbrink and Michaela Berglund as new members of the board of directors. Sebastian Nyaiesh was elected chairman of the board.
The accounting firm KPMG AB was elected as new auditor for the period until the end of the next annual general meeting with the authorised public accountant Fredrik Sjödén as auditor in charge.
Reverse share split and equalisation issue
The meeting resolved on a reverse share split of the Company's shares, whereby forty (40) existing shares shall be consolidated into one (1) new share (1:40). The board of directors was authorised to determine the record date for the reverse share split. The record date may not occur before the resolution on the reverse share split has been registered with the Swedish Companies Registration Office.
In connection with the determination of the record date for the reverse share split, the board of directors shall publish the decision on the determination of the record date and publish further information on the procedure for the reverse share split.
To technically facilitate the reverse share split, the meeting has resolved on a new issue of three (3) shares, with deviation from the shareholders' preferential rights, to the shareholder Jinderman & Partners AB. Through the new issue, the Company's share capital will increase by SEK 0.75. The subscription price shall correspond to the quota value.
The shareholder M2BIT Holding AB has undertaken to contribute shares free of charge to those shareholders whose number of shares is not evenly divisible by 40. This means that all shareholders in the reverse share split will hold shares corresponding to a whole number of new shares and there will be no excess shares (so-called fractions).
After completion of the reverse share split and the equalisation issue, the number of shares in the Company will decrease from 112,655,997 to 2,816,400. The reverse share split also means that the quota value of the share increases from SEK 0.25 to SEK 10.00.
Authorisation to resolve on new issues of shares
The meeting resolved to authorise the board of directors to – on one or more occasions and until the next annual general meeting – resolve to increase the Company's share capital by issuing new shares and to issue warrants and convertibles to the extent permitted from time to time under the articles of association.
For further information, please contact:
Arli Mujkic, CEO, EPTI AB
Phone: +49 176 626 999 64
EPTI is an investment company focusing on artificial intelligence (AI) with an associated Idea Lab for the commercialization of new business ideas. The company has a deep understanding of the latest AI technologies and actively guides its portfolio companies with implementation and development of AI-based services. The headquarters is located in Stockholm. EPTI's shares are listed on Nasdaq First North Growth Market and admitted to trading on Börse Frankfurt Open Market.
For more information, see EPTI’s website www.epti.com
The Company’s Certified Adviser is Eminova Fondkommission AB | +46 (0)8-684 211 00 | firstname.lastname@example.org