Report from the Annual General Meeting in Eurobattery Minerals AB
Report from the Annual General Meeting in Eurobattery Minerals AB
The Annual General Meeting 2026 in Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; hereinafter “Eurobattery Minerals” or the “Company”) was held today, 30 June 2026, in Malmö, whereby the shareholders passed the following resolutions. The notice to the General Meeting and the complete proposals are available on the Company's website, investors.eurobatteryminerals.com.
Adoption of the income statement and balance sheet
The annual general meeting resolved to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.
Allocation of result
The annual general meeting resolved that the result for the year be carried forward and that no dividend be paid for the financial year 2025.
Discharge from liability
The members of the board of directors and the CEO were discharged from liability for the financial year 2025.
Election of the board of directors and auditor and remuneration
The annual general meeting resolved that the board of directors shall consist of three members without deputy members and that the Company shall have one auditor and one deputy auditor.
Furthermore, an aggregate annual fee of SEK 420,000 shall be paid to the board members, of which SEK 180,000 to the chairman of the board of directors and SEK 120,000 to each of the other board members elected by the annual general meeting. The auditor's fee shall be paid in accordance with approved invoice.
The annual general meeting resolved to re-elect Eckhard Cordes, Jan-Olof Arnbom and Roberto Garcia Martinez as members of the board of directors. Jan-Olof Arnbom was re-elected chairman of the board of directors.
Johan Isbrand was re-elected auditor and Nils Appelqvist deputy auditor, for the period until the end of the next annual general meeting.
Directed issue of performance shares to the Company's CEO
The annual general meeting resolved on a directed issue of a maximum of 28,440,588 performance shares to Nazgero Consulting Services Ltd, wholly owned by the Company's CEO Roberto Garcia Martinez, as payment of his bonus corresponding to 95 per cent of his gross salary received during the financial year 2025. The subscription price amounts to approximately SEK 0.16 per share and payment is made by way of set-off. The share capital may increase by no more than SEK 38,915.152106.
Directed set-off issue
The annual general meeting resolved on a directed issue of a maximum of 6,321,308 shares to Nazgero Consulting Services Ltd as payment of an accrued consulting fee. The subscription price amounts to approximately SEK 0.20 per share and payment is made by way of set-off. The share capital may increase by no more than SEK 8,649.422520.
Directed issues as payment of board fees
The annual general meeting resolved on three directed issues as payment of accrued board fees by way of set-off at a subscription price of approximately SEK 0.20 per share: a maximum of 429,232 shares to Eckhard Cordes (SEK 84,000), a maximum of 597,859 shares to Jan-Olof Arnbom (SEK 117,000) and a maximum of 429,232 shares to Roberto Garcia Martinez (SEK 84,000).
Incentive programme for the Company's CEO (LTI 2026)
The annual general meeting resolved to establish a performance-based incentive programme for the Company's CEO, LTI 2026, consisting of an annually recurring Catch-Up Grant and an Annual Grant. The programme comprises the issue of a total of a maximum of 16,761,415 warrants of series 2026-2029, of which a maximum of 10,218,633 under the Catch-Up Grant, a maximum of 2,535,450 under the Annual Grant and a maximum of 4,007,332 for the hedging of social security contributions. The maximum dilution amounts to approximately 1.65 per cent of the number of shares in the Company. The complete proposal is included in the notice to the annual general meeting 2026.
Issue authorisation
The annual general meeting resolved to authorise the board of directors to, on one or more occasions before the next annual general meeting, with or without deviation from the shareholders' preferential rights, against cash payment, contribution in kind or set-off, resolve on new issues of shares, convertibles and/or warrants within the limits of the articles of association.
Amendment of the articles of association
The annual general meeting resolved to amend the limits for the share capital to no less than SEK 1,417,582 and no more than SEK 5,670,328 and the limits for the number of shares to no less than 51,801,007 and no more than 207,204,028. The resolution is conditional upon the meeting also resolving on the reverse split of shares and the directed issues.
Reverse split of shares
The annual general meeting resolved on a reverse split of shares 20:1, meaning that 20 shares are consolidated into one (1) share. The board of directors was authorised to determine the date on which the reverse split shall be effected. The resolution is conditional upon the meeting also resolving on the amendment of the articles of association.
Language versions
Eurobattery Minerals AB publishes information in English, Swedish, and German for the convenience of our shareholders and stakeholders. In the event of any discrepancies or inconsistencies between the language versions, the Swedish version shall prevail.