Next Games Corporation Company Release 17 May 2018 at 11.00 a.m. EEST
The annual general meeting of Next Games Corporation was held in Helsinki on 17 May 2018. The meeting approved the financial statements for the financial period ended 31 December 2017 and granted discharge from liability to all members of the board of directors and the managing director. In accordance with the proposal of the board of directors, the general meeting resolved not to distribute any dividend for the financial year ended 31 December 2017.
The board of directors, remuneration and the auditor
The number of members of the board of directors was confirmed as six. Petri Niemi, Joakim Achrén, Peter Levin, Jari Ovaskainen, Paul Rehrig and Philip Sanderson were re-elected members of the board of directors.
The general meeting approved a monthly compensation of EUR 4,500 for the chairman of the board of directors and EUR 2,500 for other members of the board of directors. In addition, a compensation of EUR 1,000 will be paid to the members of the audit committee and the remuneration committee for each committee meeting.
Authorized public accountants PricewaterhouseCoopers Oy was re-elected auditor of the company for the financial period ending on 31 December 2018. APA Tuomas Honkamäki continues to serve as the main responsible auditor of the company.
Authorization to decide on the issuance of shares and/or option rights entitling to shares for incentivization purposes
The general meeting authorized the board of directors to decide on the issuance of shares and/or option rights to entitling to shares for incentivization purposes. The authorization includes the right to decide on issuances of shares and/or option rights in deviation from the shareholders' pre-emptive rights (directed issue). The total number of shares in the Company may as a result of the authorization be increased by a maximum of 730,000 shares in the aggregate. The authorization is effective until 17 November 2019.
Authorization to decide on the issuance of shares for corporate and financing transactions as well as strategic partnerships
The general meeting authorized the board of directors to decide on the issuance of shares for corporate and financing transactions as well as strategic partnerships. The authorization includes the right to decide on issuances of shares in deviation from the shareholders' pre-emptive rights (directed issue). The number of shares issued based on the authorization shall not exceed 1,000,000 shares in the aggregate. The authorization is effective until 17 November 2019.
Resolutions of the board of directors of Next Games
At its constitutional meeting held after the general meeting, the board of directors appointed Petri Niemi as the chairman from among its members.
Petri Niemi was elected as chairman and Philip Sanderson as member of the audit committee. Petri Niemi and Philip Sanderson are independent of both the company and its significant shareholders.
Petri Niemi was elected as chairman and Philip Sanderson and Jari Ovaskainen as members of the remuneration committee. Petri Niemi and Philip Sanderson are independent of both the company and its significant shareholders. Jari Ovaskainen is independent of the company.
Additional information:
Saara Bergström
CMO
press@nextgames.com
+358 (0)50 483 3896
Certified Adviser: Danske Bank A/S, Helsinki Branch, tel. +358 10 546 7937
Next Games
Next Games (Helsinki Nasdaq First North: NXTGMS) is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead: No Man's Land redefines the way franchise entertainment transforms into highly engaging service-based mobile games. The Walking Dead: No Man's Land, based on the popular AMC TV series, has been downloaded over 20 million times, with the game mirroring events as they occur in the show. Currently Next Games is working on four new games based on popular entertainment franchises including a mobile game for the popular Blade Runner franchise and an innovative location-based augmented reality game, The Walking Dead: Our World. Next Games employs over 100 people and is based in Helsinki, Finland.www.nextgames.com
