Bulletin from the annual general meeting 2024 in Kollect on Demand Holding AB (publ)
The annual general meeting in Kollect on Demand Holding AB (publ) (the “Company”) was held today on June 27, 2024, at the premises of Eversheds Sutherland Advokatbyrå, Sveavägen 20 in Stockholm. The following main resolutions were passed with the required majority at the meeting.
Distributions of profit
The annual general meeting resolved to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet included in the annual report. It was resolved to allocate the Company’s profit in accordance with the board of directors’ proposal in the annual report.
Discharge from liability
The annual general meeting resolved to discharge the board members and managing director from liability for their management of the Company’s affairs during the previous financial year.
Board of Directors and auditor
The annual general meeting resolved that the remuneration to the chairperson until the next annual general meeting in 2025 shall be EUR 27,000 and that no remuneration shall be paid to the other directors. The remuneration to the Company’s auditors was resolved to be paid as per the approved invoice.
The annual general meeting resolved that the board of directors is to be composed of three (3) directors and to re-elect John O’Connor, Andrew Byrne and Mary Dunphy as directors of the board. Mary Dunphy was re-elected as chairperson of the board of directors. Furthermore, the registered accounting firm Mazars AB was reappointed as the Company’s auditor for the period until the end of the next annual general meeting, with accountant Martin Kraft as the auditor-in-charge.
Incentive program
The annual general meeting resolved to implement incentive program 2024/2027 as proposed by the board. Incentive program 2024/2027 is aimed at certain employees of the Company’s subsidiaries and comprises a maximum of 1,789,362 warrants. Each warrant entitles the holder to subscribe for one (1) new share in the Company during a period of 25 days following the publication of the H1 report for 2027. The subscription price for new shares corresponds to 130 percent of the volume-weighted average price for the Company’s share during a period of ten (10) trading days before the annual general meeting in 2024.
Amendment of the articles of association
The annual general meeting resolved to amend the articles of association as follows:
| Previous wording | New wording |
Name of company The name of the company is Kollect on Demand Holding AB (publ). | Name of company The name of the company is Mashup Ireland AB. The company is public (publ). |
Objects of the company The company shall, directly or indirectly through subsidiaries, manage an online marketplace for the waste industry, own and manage real property and movables and any activities in connection therewith. | Objects of the company The company shall, directly or indirectly through subsidiaries, invest in and support small and medium-sized businesses primarily active or focussed on the Irish market, and own and manage real property and movables and any activities in connection therewith. |
Issuance authorization, etc.
The annual general meeting resolved to authorize the board of directors to resolve – at one or several occasions and for the time period until the next annual general meeting – to increase the Company’s share capital by new share issues and to issue warrants and/or convertible bonds, to the extent possible according to the Company’s articles of association, as applicable. New share issues, as well as issues of warrants and convertible bonds, may be made with or without deviation from the shareholders’ preferential rights and with or without provisions for contribution in kind, set-off or other conditions pursuant to Chapter 2 section 5 of the Swedish Companies Act. Pursuant to Chapter 16 of the Swedish Companies Act, the Board of Directors may not by virtue of this authorization resolve on issues to board members and/or employees in the Company.
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Kollect on Demand Holding AB (publ)
The board