Communique from the Annual General Meeting at Scandinavian Enviro Systems held on June 13, 2024

The Annual General Meeting of Scandinavian Enviro Systems AB (publ) has been held on June 13, 2024 at 4.00 P.M. at Hotel Riverton, Stora Badhusgatan 26, in Göteborg, Sweden. The company had prior to the Annual General Meeting decided that the company’s shareholders also should be able to exercise their voting rights at the Meeting by postal voting in accordance with the regulations in the company’s Articles of Association.

The Annual General Meeting included the adoption of the resolutions set out below. More detailed information about the resolutions can be found in the notice to the Annual General Meeting and in the full proposal of the board of directors that has been published and made available at the Company’s website www.envirosystems.se.

The Annual General Meeting approved the statements of income and financial position for the parent company and the consolidated statements of income and financial position for Financial Year 2023. Moreover, it was decided that no dividends will be paid out for 2023 and that the Company’s results will be allocated in accordance with the board of directors’ allocation proposal as set out in the Director’s Report in the Company’s adopted Annual Report, published on May 23, 2024. The Annual General Meeting also discharged the board of directors and the chief executive officer of liability for 2023.

The Annual General Meeting also adopted a resolution that the board should consist of five (5) full members without alternates until the end of next annual general meeting and that one (1) registered auditing firm without deputy auditor shall be appointed as auditor.

The following directors were re-elected to the board:

Alf Blomqvist (re-elected), also re-elected chairman of the board.

Fabien Gaboriaud  (re-elected)

Nina Macpherson (re-elected)

Peter Möller (re-elected)

Björn Olausson (re-elected)

The accounting firm PricewaterhouseCoopers AB was re-elected auditor with certified public accountant Johan Brobäck as lead auditor. No auditor alternates were elected.

The Annual General Meeting approved payment of remuneration to the board of directors for the upcoming term of office in the amount of SEK 1000,000, (750,000) of which SEK 400,000 (300,000) will be paid to the chairman of the board and SEK 200,000 (150,000) to the other board directors, and a fee to the auditor as specified in the approved invoice. The complete proposal of the Board of Directors is available on the website of the company (www.envirosystems.se).

The Annual General Meeting also decided, as proposed by the nomination committee, to adopt the principles for the constitution of the nomination committee.

The Annual General Meeting decided, as proposed by the Board, to adopt the principles of other remuneration for members of the Board of Directors.

The Annual General Meeting decided, as proposed by the Board, to authorise the Board – for the period until the next annual general meeting, in one or multiple cases, and with or without derogating from the shareholders’ preferential rights – to make decisions to issue new shares. Payment should be payable in cash, by fund transfers, by cancellation, or otherwise subject to other conditions. The Company's share capital may, based on this authorisation, be increased only by a maximum amount corresponding to a dilution of 10% of the share capital at the time of the first utilization of this authorisation.

At the Annual General Meeting approx. 28 percent of the number of votes were represented in person, by proxy or by postal votes.

For complete details about the decisions that were made at the Annual General Meeting, please refer to www.envirosystems.se where the documentation related to the Annual General Meeting can be downloaded.

For further information, please contact:
Fredrik Emilson, CEO Enviro, +46 (0)706-05 67 83, [email protected]
Alf Blomqvist, Chairman of the Board Enviro, +46 (0)733-14 97 00, [email protected]

FNCA Sweden AB, +46 8-528 00 399, [email protected], is Enviro’s Certified Adviser on Nasdaq First North Growth Market Stockholm.

Scandinavian Enviro Systems AB
Frihamnen 16B, SE-417 70 Gothenburg
[email protected]
envirosystems.se