Inission AB (publ) held an extra general meeting on Monday 16 January 2023. The meeting decided in accordance with the board’s proposal in all proposed matters.
Olle Hulteberg was elected chairman of the meeting. At the meeting, 54.7% of the shares were present, corresponding to 58.7% of the votes.
Decisions at the General Meeting
– The meeting voted yes to authorize the board to, during the time until the next annual general meeting, on one or more occasions, with or without deviating from the shareholders’ pre-emptive rights, decide on a new issue of shares. Payment must be made in cash, by retrieving, by set-off or otherwise be combined with special terms. With the support of this authorization, the company’s share capital and the number of shares may be increased by a maximum of 4,000,000 B shares.
Deviation from the shareholders’ pre-emptive right may occur in order for the company to be able to issue shares to acquire capital for further acquisitions. The issue price must be as close to the share’s market value as possible in case of deviation from the shareholders’ pre-emptive right and in the case of payment in kind. The board, or the person appointed by the board, shall have the right to make the formal adjustments to the authorization decision that may prove necessary in connection with the registration thereof.
– On the following conditions, the meeting voted yes to the board’s proposal to carry out a directed issue of a maximum of 200,000 series B shares to key persons in a leading position:
The right to subscribe for the shares shall accrue to key persons, defined as subsidiary CEOs and group management within the Inission group. The number of people who will be given the opportunity to subscribe for shares amounts to 12 and the minimum guaranteed allocation amounts to 1,678 shares (equivalent to approx. SEK 50,000).
The subscription price has been set at SEK 29.79, which corresponds to the volume-weighted average share price for a series B share in the company on First North Stockholm during 10 trading days for the period 7 to 20 December 2022 with a discount of 8 percent. The premium must be transferred to the free premium fund. A prerequisite for the allocation of shares is that the subscriber enters into a lock-up agreement for a period of 12 months from the registration of the shares with the Swedish Companies Registration Office, which justifies the issue price. The reason for the issue is to enable key persons to have a personal ownership commitment, which can be expected to contribute to an increased interest in the company’s operations and profit development, as well as to increase the participant’s motivation and affinity with the company and its owners. Due to low trading in the company’s shares, this is best achieved through a targeted issue.
Through the issue, the share capital can increase by a maximum of SEK 8,338.86. Subscription for shares must take place no later than January 20, 2023 and payment no later than January 27, 2023. The new shares must carry the right to a dividend for the first time on the dividend record date that falls closest after the new issue has been registered with the Swedish Companies Registration Office.
The issue corresponds to a dilution of approximately 1.0% at the most.
Lantvärnsgatan 4, Karlstad
January 16, 2023
For more information:
Fredrik Berghel, CEO Inission AB
+46 732 02 22 10
Inission is a total supplier of tailored manufacturing services and products in the field of advanced industrial electronics and mechanics. Our services cover the entire product lifecycle, from development and design to industrialization, volume production and aftermarket services.
Inission has operations in Sweden, Norway, Finland, Estonia, Italy, USA and Tunisia. The total turnover in the last 12 months amounts to SEK 1.7 billion with approximately 900 employees. Inission is listed on Nasdaq First North Growth Market with Nordic Certified Adviser AB as certified adviser. Reports are archived at www.inission.com/investor-relations.
Inission AB, Lantvärnsgatan 4, 652 21 Karlstad