Summary from the annual general meeting 2021 of Raketech Group Holding Plc.
The shareholders of Raketech gathered in Stockholm, Sweden, on 17 May 2021 to hold an annual general meeting. The following resolutions were made.
It was resolved to approve the Consolidated Financial Statements of the company, the Director’s Report and the Auditor’s Report for the financial year ending 31 December 2020. The meeting resolved to not pay any dividends for the financial year 2020 in accordance with the directors’ recommendation as set forth in the Directors’ Report.
Annika Billberg, Fredrik Svederman, Erik Skarp and Johan Svensson were re-elected as members of the Board of Directors and Magnus Gottås was elected as a member of the Board of Directors for the period until the end of the next annual general meeting in accordance with the Nomination Committee’s proposal. Further, Ulrik Bengtsson was elected as board member and Chairman of the Board of Directors for the period until the end of the next annual general meeting. The meeting resolved that the fees to be paid to the members of the Board of Directors shall be allocated as follows: EUR 50,000 to the Chairman of the Board of Directors and EUR 30,000 to each of the other members of the Board of Directors. No Director having an operational role in the Company or its subsidiaries under which the Director receives a salary, or a consultancy fee shall receive any compensation for the work conducted in the Board of Directors and any committees. The meeting further resolved that the remuneration to the Audit Committee and Remuneration Committee, respectively, shall be paid in accordance with the following: (i) Audit Committee Chairman: EUR 10,000; and (ii) Remuneration Committee Chairman: EUR 10,000.
PricewaterhouseCoopers Malta was re-elected as the company’s auditor for the time until the end of the next annual general meeting in accordance with the Nomination Committee’s proposal and Audit Committee’s recommendation. The meeting resolved that the auditor’s fees shall be payable in accordance with any invoice approved by the Remuneration Committee.
The meeting resolved to approve the Nomination Committee’s proposal on the principles for appointing the Nomination Committee of the company for the annual general meeting of 2022.
The meeting resolved to adopt the Board of Director’s proposal for guidelines for remuneration to senior management
The meeting further resolved to adopt an incentive program in accordance with the proposal from the Board of Directors. The program comprises of share options which the participants are entitled to exercise to subscribe for shares in Raketech during a period of six months starting three years from the allocation to the respective participant. The share options will vest for three years from the allocation to each participant, whereby 1/3 will vest after the first year, an additional 1/3 after the second year and the remaining 1/3 will vest after the third year. The program comprises not more than in aggregate 561,204 share options which may entitle to the same number of new shares, corresponding to not more than approximately 1.5 per cent of the share capital and votes of the Company.
Complete information regarding the meeting’s resolutions has been made available at the company’s website, www.raketech.com.