Announcement from the Annual General Meeting of Talkpool AG on the 6[th] of May, 2021

Communiqué from the annual shareholder's meeting

 The Chairman of the Board of Directors, Magnus Sparrholm opened the Annual General Meeting (AGM) of Talkpool AG. The Chairman concluded that 1’843’545 shares were represented in this AGM, which is fully functional. Consolidated financial statements highlighting net revenues for 2020 of EUR 21.221 million and a net loss of EUR 968 thousand were introduced.

The AGM (Annual General Meeting) resolved the annual report to carry forward a loss of CHF 1’471’811 for the parent company Talkpool AG. After appropriation of the annual loss, the total loss carry forward amounts to CHF 6’954’977 in the parent company.

All Board members and the President were discharged from liability for the past fiscal year. The Board members Jaap Groot, Oliver Guggenheim, Dennis Rubner, Stan Schroeder and Magnus Sparrholm were re-elected. Magnus Sparrholm was re-elected Chairman of the Board. Dr. Nico Tschanz was elected as new board member. Grant Thornton was reelected as auditor.

Stan Schroeder and Magnus Sparrholm were re-elected as responsible for formulating guidelines for remuneration to senior executives in accordance with the Board's proposal. The Board of Directors generally meet in person four times a year, but this has been reduced in favour of additional remote meeting due to Covid-19.

The Annual General Meeting resolved on the remuneration of the Board up to and including the end of the AGM 2022, in accordance with previous years, that each member receives CHF 1'000 (Swiss Frank) per month. The Chairman of the Board Magnus Sparrholm, however, waives his directors' fees. The total amount of the board remunerations is set to a maximum of CHF 72’000. It was decided that management should receive a maximum of CHF 500'000 per year total salary until the AGM in 2022 and a maximum of CHF 79'000 variable salary for 2020.

The Articles of Association were not amended in this AGM. This is in line with swiss praxis as the issuance of authorized shares normally is done every second year in Switzerland. This is a simplyfied summary published immediately after the AGM. Complete Minutes of Meeting and the Public Deed will be published on Talkpool's homepage.