Press release from Annual General Meeting on 14 May 2014,

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

May 14, 2014 at 10:45 AM

Press release from Annual General Meeting on 14 May 2014, in Nexam Chemical Holding AB (publ)

At the Annual General Meeting on 14 May 2014 in Nexam Chemical Holding AB (publ) (“Nexam”) it was resolved; - to adopt the profit and loss statement and balance sheet, consolidated profit and loss statement and consolidated balance sheet, - not to distribute any dividend for the financial year 2013 and that unappropriated earnings of SEK 243,112,000 are carried forward to a new account, - that remuneration to the Board of Directors and its Committees will be paid with in total SEK 300,000, - the auditor’s fee was resolved to be paid in accordance with customary standards and approved invoice, - to re-elect the Board members Lennart Holm (Chairman), Michael Karlsson and Daniel Röme, - to elect Cecilia Jinert Johansson as new ordinary Board member, - to re-elect Öhrlings PricewaterhouseCoopers AB as accounting firm for the period until the end of the next AGM, - to adopt instructions and rules of procedure for the next Nomination Committee, - to adopt a Remuneration Policy for senior executives, - to resolve upon directed issuance of warrants and approval of transfer of warrants, and - to authorize the Board of Directors to resolve on issuing of new shares. The members of the Board of Directors and the CEO were discharged from liability for the financial year. According to the Nomination Committee’s proposal four ordinary Board members were elected: Lennart Holm, Cecilia Jinert Johansson, Michael Karlsson and Daniel Röme. Lennart Holm was re-elected as Chairman of the Board. The remuneration for members of the Board of Directors shall be in total SEK 300,000 of which SEK 150,000 is remuneration to the Chairman and SEK 75,000 is remuneration to every other Board member who is not employed by the Company. It was further resolved that a Nomination Committee shall be appointed before coming elections and remunerations. It shall be made up of three members who shall be appointed by the two largest shareholders as at the end of September as well as of the Chairman of the Board. Furthermore, an instruction and charter for the coming Nomination Committee was adopted. In addition, the Annual General Meeting resolved on a remuneration policy for senior executive, entailing i.e. that the CEO and other senior executives will be offered a fixed salary that is marketable. The remuneration of the CEO and other senior executives shall be based on factors such as work tasks, expertise, experience, position and performance. The CEO and other senior executives are entitled to annual pension contributions equivalent to 12 percent of the pensionable salary. A mutual notice period of six months for Nexam, the CEO and other senior executives applies and severance pay, in addition to salary, during the notice period may be up to a maximum of nine months' salary for the CEO and a maximum of 6 months for other senior executives. The Annual General Meeting resolved in accordance with the Board of Director’s proposal to implement an incentive program with at the maximum 1,083,849 warrants to be offered to senior executives and key persons in the Nexam group against a market-based consideration. Each warrant confers right to subscribe for one new share in Nexam against cash payment at a subscription price corresponding to 150 per cent of the volume weighted average last closing price for Nexam’s share on NASDAQ OMX First North during the period 1 September 2014 – 12 September 2014. Senior executives, who are also members of the Board of Director’s, shall not be entitled to participate in the incentive program. The Annual General Meeting authorized the Board of Director’s, on one or several occasions until the next Annual General Meeting, with or without deviation from the shareholders’ preferential rights, to resolve on new issues of shares. Issues may be made with or without the provisions regarding contribution in kind, set-off or other conditions. The number of shares that may be issued may not exceed a total of 5,753,333 shares (provided that such number of shares may be issued without amendment of the Articles of Association). The purpose of the authorization is to enable to raise working capital, to enable to execute and finance acquisitions and to enable new issues to industrial partners within the framework of partnerships and alliances. To the extent the authorization is used for new issues with cash payment with deviation from the shareholders’ preferential rights, the issue price shall be on market terms. All resolutions by the Annual General Meeting were passed with required majority. Lund on 14 May, 2014 Nexam Chemical Holding AB For more information, please contact: Lennart Holm, Chairman of the Board: +46 (0)706 30 8562 Per Palmqvist Morin, CEO, +46 (0)706 55 55 82 About Nexam: Nexam is a Swedish company with a world-leading technology within its area for heat-activated crosslinking of plastics and polymers. The company develops, manufactures and markets unique heat-activated crosslinkers to the plastics market. A company description and more information about the business will be found on www.nexam.se. The company’s Certified Adviser is Remium Nordic AB.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Lucas Bols Wins Spirit Brand of the Year 2026

By Kelly Martin Updated Nov 12, 2026 Category News Views 104

Lucas Bols: A Legacy Crowned A 450-year-old legacy finally gets its due with the Lucas Bols Company snagging the "Spirit Brand of the Year" title from Wine Enthusiast. This ain’t just another pat on the back; it's a serious nod to a brand that’s been laying down the cocktail foundation long before some countries even existed. Across the past five centuries, they've...

Asset Based Lending's $200M Securitization: A Power Move

Well, folks, Asset Based Lending (ABL) in Jersey City just pulled a rabbit out of a challenging market hat, hammering out their heftiest securitization yet—a crisp $200 million deal. This isn't just pocket change, even for a seasoned player like ABL. Let's dive into what makes this move not just hefty in size, but a strategic punch in the current landscape of...

Tax Strategies for Small Businesses Before Year-End

Understanding the Importance of Year-Round Tax Planning Every small business owner dreads the tax season—like a thunderstorm on a picnic day. But here's a nugget from Paul Kersten, an Accounting and Tax whiz in Shawano, Wisconsin: don't wait until April to sort your taxes. By then, it's all receipts and regrets. Instead, consider tax planning as a year-long vigil. Why?...

HLTH 2026: AI's Role in Couples Therapy Unveiled

Testing AI's Place in the Therapy Room AI's getting more action in therapy sessions than it ever dreamed, and it’s high time we asked who benefits and who loses. Slotting in next to human therapists, AI like OurRitual’s Ora isn't about to steal the whole show, but it sure knows how to play a supporting role. At the HLTH 2026 conference, Dr. Orna Guralnik and OurRitual...

HSG Laser Boosts EU Presence with Düsseldorf Showroom

HSG Laser Makes a Bold Move in Europe When you're ripping off the band-aid and just diving into the hard truth, it's no small potatoes that HSG Laser has kicked open the doors to a shiny new showroom in Düsseldorf, Germany. This ain't just another brick in the wall—it's a sprawling 2,000 m² facility that marks a 20-year track record of tackling the European sector...

Contract Signatures: The Black Hole of Business Time

Why Do Signatures Take Ages to Nail Down? This is what’s driving us all a bit closer to the edge. Imagine you've slogged through drafting, approvals, haggling over terms, and you think you're on the home stretch—only to discover that getting signatures is a bottleneck more tangled than a bowl of spaghetti. ContractSafe just served up another pile of stats with their...

Aethlon's Merger Moves: High Stakes and High Hopes

Two-Step Merger Raises Eyebrows It's not every day you see a company like Aethlon Medical, Inc. (NASDAQ: AEMD) shake up its core operations with a bold merger move. On September 17, 2026, Aethlon signed off on a Plan of Merger and Reorganization with North Immunology, Inc.—a clear signal to investors that the winds of change are blowing strong. Implications of the...

CytoSorbents Hits Financial Milestone in Q3 2026

CytoSorbents' Financial Turnaround Imagine the smell of fresh opportunity wafting through CytoSorbents’ (NASDAQ:CTSO) corridors this quarter. The company just nudged into positive territory with its operating cash flow, which, let’s be honest, is like finding a nugget of gold amid last year’s rubble of losses. With $43,000 of positive operating cash flow in a world...

Bit Digital Shifts Focus: Q3 2026 Sees Strategic Moves

Bit Digital's Strategic Shakeup Ah, the digital gold rush is heating up again. Bit Digital, the outfit focused on Ethereum strategies and AI, dropped their financial results for Q3 2026. Picture a company at a strategic crossroads, shedding bitcoin mining baggage to grab hold of fresh opportunities in Ethereum staking and AI infrastructure. Bit Digital's earnings paint a...

Keurig Dr Pepper's Bold $2B Offering: Strategic Shift

Strategic Moves Behind KDP's $2 Billion Offering Walking through all this, Keurig Dr Pepper (NASDAQ:KDP) has set the stage for something big. Yeah, I'm talking about a hefty $2 billion underwritten public offering. It's one of those moves where you're either shaking your head in confusion or nodding in cautious approval. With the coffee behemoth taking this step, let's...