At Net Entertainment NE AB’s annual general meeting on Wednesday April 29, 2015 the following was resolved.
Adoption of financial statements and dividend The meeting adopted the income statement and balance sheet along with the consolidated income statement and balance sheet and resolved that no dividend is to be paid for the financial year 2014. Please note the section regarding share split and automatic redemption procedures below.
Board of Directors The Board of Directors and the President and CEO were discharged from liability for the financial year 2014. The meeting resolved on re-election of Vigo Carlund, Fredrik Erbing, Mikael Gottschlich, Peter Hamberg, Pontus Lindwall, Michael Knutsson and Maria Redin and new election of Jenny Rosberg. Vigo Carlund was elected chairman of the Board. It was decided that remuneration for the Board of Directors shall be SEK 610,000 for the chairman and SEK 255,000 for each of the members of the board elected by the annual general meeting who are not employees of the company and addition thereto, remuneration to the chairman of the audit committee shall be SEK 75,000. Remuneration for the auditor shall be in accordance with approved invoice.
Nominating Committee The AGM decided that the nominating committee shall be formed during October 2015 after consultation with the largest shareholders as per August 31 2015. The mandate period shall run from the release of the interim report for the third quarter 2015 until the next nominating committee is formed. The chairman of the Board of Directors shall be a member of the nominating committee and is responsible for summoning the nominating committee. In addition to the chairman of the Board of Directors, the nominating committee shall consist of three members.
Guidelines for remuneration to senior executives The meeting resolved to adopt the Board of Directors’ proposal regarding guidelines for remuneration to senior executives.
Change in the Articles of Association The meeting resolved to adopt the Board of Directors’ proposal to change §1 of the Articles of Association to: “The name of the company is NetEnt AB (publ)”.
Share split and automatic redemption procedures The meeting resolved to adopt the Board of Directors’ proposal regarding share split and automatic redemption procedures, resulting in a value transfer to the shareholders corresponding to SEK 5.00 per share. In the statutory meeting following the general meeting the Board of Directors resolved, in accordance with the mandate from the general meeting, the record day for the share split to be May 12, 2015 and the record day for redemption of redemption shares to be June 3, 2015.
Incentive program comprising of issuance of warrants to employees
The meeting resolved to adopt the Board of Director’s proposal regarding an incentive program comprising of issuance of warrants to employees.
The complete resolutions The minutes for the annual general meeting including the complete resolutions as per above will be available shortly on the company’s website. In addition, there is an information brochure regarding the splitting of shares and automatic redemption procedures on the website www.netent.com/agm .
For additional information please contact: Maria Hedengren, CFO NetEnt; Phone +46 8 57 85 45 00 maria.hedengren@netent.com
About Net Entertainment NetEnt, Net Entertainment NE AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on Nasdaq Stockholm (NET–B) and employs more than 600 people in Stockholm, Malta, Kiev, Gothenburg and Gibraltar. www.netent.com
