Report from the Annual General Meeting of Scandinavian Biogas Fuels International AB (publ)

Stockholm, 27 April 2023

Scandinavian Biogas Fuels International AB (publ), reg.no 556528-4733, has today held the annual general meeting, at which the following resolutions were made. The meeting was conducted with the possibility to participate through postal voting.

Resolution on adoption of accounts, allocation of profits and discharge from liability

The annual general meeting adopted the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year 2022, as well as the Board of Directors' proposal for allocation of profits, which means that the result for the year shall be carried forward and that no dividend shall be made for the financial year 2022. Furthermore, the annual general meeting granted the Board members and the CEO discharge from liability in respect of the company for the financial year 2022.

Election of Board of Directors and auditor

The annual general meeting resolved, in accordance with the Nomination Committee's proposal, that the number of Board members shall be six, without deputies, whereby Anders Bengtsson, David Schelin, Petra Einarsson, Tina Helin and Håkon Welde were re-elected as Board members and Jan Helland Eide was elected as new Board member. Sara Anderson had declined re-election. Anders Bengtsson was re-elected as chairperson of the Board. The annual general meeting further resolved, in accordance with the Nomination Committee's proposal, that remuneration to the chairperson of the Board of Directors shall be SEK 310,000 and SEK 155,000 to each of the other Board members elected by the annual general meeting. Remuneration to the members of the Audit Committee shall be SEK 50,000 to the Committee’s chairperson and SEK 30,000 to each of the other members of the Committee. In accordance with the Nomination Committee's proposal and the Audit Committee’s recommendation, the annual general meeting resolved to re-elect the registered auditing company Öhrlings PricewaterhouseCoopers AB as the company's auditor, which intends to appoint Lars Kylberg as the auditor in charge. Fees to the auditor shall be paid according to an approved invoice.

Resolution on approval of the Remuneration Report

The annual general meeting resolved, in accordance with the Board of Directors’ proposal, to approve the report regarding remuneration to the senior executives for 2022.

Share issue authorisation

The annual general meeting resolved, in accordance with the Board of Directors’ proposal, to authorise the Board of Directors, within the scope of the Articles of Association, with or without deviation from the shareholders’ preferential right, on one or several occasions during the period until the next annual general meeting, resolve on issues of new shares, warrants and/or convertibles in the company. The total number of shares issued in accordance with this authorisation may be equivalent to a maximum of 10 percent of the number of shares in the company at the time of the notice of the annual general meeting.

Resolution on amendment of the Articles of Association

The annual general meeting resolved, in accordance with the Board of Directors’ proposal, to change § 1 in the company’s Articles of Association whereby the company’s company name was changed to Biokraft International AB.  

The information was submitted for publication, through the agency of the contact person, on 27-04-2023 15:50 CET.