Announcement from Nilar International AB's (publ) extra general meeting
The extra general meeting of Nilar International AB ("Nilar" or the "Company") was held today on 18 May 2022 and the following resolutions were passed by the meeting.
AMENDMENT OF THE ARTICLES OF ASSOCIATION
The extra general meeting resolved, in accordance with the Board of Directors' proposal, to amend the articles of association's limits for the share capital from a minimum of SEK 5,000,000 and a maximum of SEK 20,000,000 to a minimum of SEK 7,585,000 and a maximum of SEK 30,340,000. It was further resolved to amend the articles of association's limits for the number of shares from a minimum of 30,000,000 and a maximum of 120,000,000 to a minimum of 45,510,000 and a maximum of 182,040,000.
AMENDMENT OF THE ARTICLES OF ASSOCIATION
The extra general meeting resolved, in accordance with the Board of Directors' proposal, to amend the articles of association's limits for the share capital from a minimum of SEK 7,585,000 and a maximum of SEK 30,340,000 to a minimum of SEK 30,340,000 and a maximum of SEK 121,360,000. It was further resolved to amend the articles of association's limits for the number of shares from a minimum of 45,510,000 and a maximum of 182,040,000 to a minimum of 182,040,000 and a maximum of 728,160,000.
AUTHORIZATION FOR THE BOARD OF DIRECTORS TO RESOLVE ON ISSUANCES
It was resolved, in accordance with the Board of Directors' proposal, to authorize the Board, on one or more occasions, to issue shares in the Company, with preferential rights for shareholders, to be paid in cash or by set-off. Resolutions based on the authorization shall be within the total maximum of the amount of shares as can be issued without changing the articles of association adopted at any given time. The purpose of the authorization is to make it possible to raise capital in a time and cost efficient manner to enable further development of the Company's operation.
For the full proposals regarding the above resolutions at the extra general meeting, please refer to the notice which is available on the Company's website, www.nilar.com.
