Solna - The following resolutions were passed at the Annual General Meeting (the “AGM”) in Net Insight AB (publ) on 7 May 2021. The AGM was carried out through advance voting, without the physical presence of shareholders, proxies and third parties. The board of directors’ complete proposals have previously been published and are available at the company’s website, www.netinsight.net
Approval of the annual report, appropriation of result and discharge from liability
The AGM resolved to adopt the income statement and balance sheet, consolidated income statement and balance sheet for 2020. Furthermore, it was resolved that the company’s results shall be carried forward and thus no dividend will be distributed. The AGM resolved to discharge the board members and the managing director from liability.
Number of board members and auditors, election of board members and auditors and fees to the board members and auditor
The AGM resolved that the number of board members, appointed by the shareholders’ meeting, should be six with one deputy. Gunilla Fransson, Kjell Arvidsson, Anders Harrysson, Jan Barchan, Charlotta Falvin and Mathias Berg were re-elected as board members and Stina Barchan was re-elected as personal deputy for Jan Barchan. Gunilla Fransson was re-elected as chairman of the board.
The AGM resolved that the number of auditors shall be one without deputies. Deloitte AB was re-elected as the company’s auditor with Therese Kjellberg as auditor in charge.
The AGM resolved that the remuneration to the board should amount to SEK 2,315,000 to be allocated with SEK 700,000 to the chairman of the board of directors and SEK 250,000 to each other member of the board of directors who are not employees in the company and SEK 125,000 to deputies who are not employees in the company. For work relating to committees, remuneration to the chairman of the audit committee was resolved to be SEK 100,000 and SEK 50,000 to each member of the audit committee, SEK 50,000 to the chairman of the remuneration committee and SEK 40,000 to each member of the remuneration committee. Remuneration to the auditor will be on approved account.
Resolution regarding guidelines for remuneration and other terms of employment for the group management
The AGM resolved to approve the board of directors’ proposal regarding guidelines for remuneration and other terms of employment for the group management.
Approval of the Board’s remuneration report
The AGM resolved to approve the remuneration report presented by the Board.
Resolution regarding the nomination committee
The AGM resolved to approve the nomination committee’s proposal regarding the instruction for the nomination committee.
Resolution regarding authorization for the board of directors to resolve to repurchase and transfer of own shares
The AGM resolved to authorize the board of directors to resolve to repurchase, on one or several occasions until the next annual general meeting, as many own shares as may be purchased without the company’s holding at any time exceeding ten per cent of the total number of shares in the company. Further, the AGM resolved to authorize the board of directors to resolve, on one or several occasions until the next annual general meeting, to transfer (sell) own shares.
The purpose of the authorization to repurchase own shares is to promote efficient capital usage in the company, to provide flexibility as regards the company’s possibilities to distribute capital to its shareholders and to provide hedging for the company’s option programme. The purpose of the authorization to transfer own shares is to enable the board of directors to make corporate acquisitions, product acquisitions or enter into collaboration agreements, or to raise working capital or broaden the shareholder base or for use in the context of the company’s incentive plans or to provide hedging for the company’s option programme.
For further information, please contact:
Crister Fritzson, CEO at Net Insight AB, +46 8 685 04 00, email@example.com
About Net Insight
Net Insight (Nasdaq: NETI B) is defining new ways to deliver media, opening up opportunities for content owners, broadcasters, production companies, service providers and enterprises to produce and deliver the future of live sport, news and online content. The company is driving the transformation to IP, virtualization and cloud workflows and has built the market’s most open and cloud-ready media delivery platform for contribution, distribution, live production, and orchestration.
For over 20 years the world’s leading media brands have trusted Net Insight and the company is recognized for having set the benchmark for media transport. Now Net Insight is combining its broadcast heritage and R&D expertise with the deep IP knowledge gained from developing its own streaming solution to evolve Nimbra, its Emmy® Award winning video transport solution, for the new media era. With a strong vision for the future of IP and cloud, Net Insight is helping the world’s leading media brands to simply and cost-effectively produce and deliver content to viewers anywhere.