Bifogade filer
Report from AGM of SenzaGen AB on 14 May 2025
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Hälsovård |
| Industri | Bioteknik |
The Annual General Meeting (AGM) of SenzaGen held on today’s date, 14 May 2025 in Lund, resolved to pass all proposals presented by the board and shareholders.
Adoption of income statement and balance sheet
The AGM adopted the income statement and balance sheet and the consolidated income statement and consolidated balance sheet for 2024.
Appropriation of earnings
The AGM resolved that no dividend be paid to shareholders and that the earnings at the disposal of the AGM be carried forward.
Discharge from liability
The AGM discharged the board directors and CEO from liability for the 2024 financial year.
Election of directors and auditors and their fees
The AGM resolved that the board shall consist of five directors and no alternates. Carl Borrebaeck, Ian Kimber, Anki Malmborg Hager, Paula Zeilon and Paul Yianni were re-elected as directors. Carl Borrebaeck was also re-elected as board chairman. Authorized Public Accountant Mats-Åke Andersson was re-elected as auditor, with Authorized Public Accountant Martin Gustafsson as deputy auditor.
The AGM resolved to set directors’ fees at SEK 1,200,000 in total, with SEK 200,000 for each non-employee director and SEK 400,000 for the board chairman. Auditor’s fees shall be payable on the basis of approved invoices.
Remuneration policies for senior executives
The AGM resolved, as proposed by the board, to adopt remuneration policies for senior executives.
Authorization for the board to resolve to issue new shares
The AGM resolved, as proposed by the board, to authorize the board, for the period until the next AGM, with the shareholders’ preemptive rights waived, on one or more occasions, to decide to issue new shares, stock options or convertibles. The total number of shares that may be issued or, if convertibles or stock options are issued, added following conversion or exercise of rights under the authorization is limited to 20 percent of the number of shares outstanding on the date of the notice of the AGM. As a result, the maximum number of shares that may be issued is 7,376,007, and the Company’s share capital may be increased by a maximum of SEK 368,800.35.
The purpose of the authorization is to enable the board to raise working capital for the Company, and/or bring in new owners of strategic significance to the Company, and/or acquire other companies or businesses.
Directed issue of a maximum of 750,000 stock options
The AGM resolved, as proposed by the board, to issue a maximum of 750,000 stock options, as a result of which the Company’s share capital may increase by a maximum of SEK 37,500. The stock options will entitle the holder to subscribe for new shares in the Company.
With the shareholders’ preemptive rights waived, employees of the Company and the Group shall be entitled to subscribe for the stock options as follows:
- The Group CEO will be offered to subscribe for a maximum of 250,000 options.
- Other employees and consultants considered key personnel within the Group will be offered to subscribe for a total of up to 500,000 stock options.
The subscriber is entitled to subscribe for stock options free of charge. Given that the stock options are issued free of charge, the Company estimates that fringe benefits and social security expenses will be incurred for the participant and the Company as a result of the option plan. The total expenses, including other expenses in the form of fees to external advisers and expenses for the administration of the plan, are estimated at around SEK 100,000 over the program’s term and the cost of social security expenses is estimated at SEK 196,815.
The market value of the option shall be calculated using the Black-Scholes pricing model. The valuation of the options shall be performed by an independent valuation institute or auditing firm.
Each stock option entitles the holder to subscribe for one new share in the Company in exchange for cash payment during the period from 2 June 2028 to 30 September 2028 or the earlier date set out in the option rules.
Payment for shares subscribed for by exercising stock options shall be made in cash at a subscription price of SEK 10.00.
New shares subscribed for by exercising stock options entitle the holder to dividends for the first time on the dividend record date most immediately following the date the new share issue was registered with the Swedish Companies Registration Office and Euroclear Sweden AB.
For detailed rules regarding the resolution passed at the AGM, please see the AGM notice available at the Company’s website, www.senzagen.com.