2014-05-19 Bulletin from AGM 2014

At today’s Annual General Meeting in AB Novestra (publ) it was resolved to adopt the income statement and balance sheet, consolidated income statement and balance sheet for 2013. Furthermore, it was resolved that the distributable funds, SEK 162,887,049, should be brought forward. The Annual General Meeting resolved to discharge the board members and the managing director from liability.

Theodor Dalenson,Anders Lönnqvist,Bertil Villard, Jens A. Wilhelmsen andJan Söderbergwere re-elected as ordinary Board members andStein Wessel-Aaswas re-elected as deputy member of the Board of the company in accordance with the proposal of the nomination committee. The Annual General Meeting further re-electedTheodor Dalensonas the chairman of the Board of Directors. Furthermore, the Annual General Meeting re-elected KPMG AB, with Mårten Asplund as auditor in charge, for the period until the end of the next annual general meeting.

It was resolved that a Directors’ remuneration in the aggregate amount of SEK 600,000 shall be paid, of which each member and deputy member of the Board of Directors, who do not draw salary from the company, is entitled to receive SEK 100,000. Following a separate agreement with the company, a Board member may invoice the fees for the board work, together with statutory social security contributions and value added tax, through a company owned by the Board member, subject to the precondition that such payment is cost neutral to the company.

The Annual General Meeting resolved to adopt the Board of Directors’ proposal regarding guidelines for remuneration for the company’s management and other employees for the financial year 2014.

It was further resolved, in accordance with the proposal from the Board of Directors, to authorise the Board of Directors to, up until the next Annual General Meeting, on one or several occasions and with or without preferential rights for the shareholders, resolve on a share issue of a maximum of 6,000,000 new shares. The Board of Directors may resolve that the shares shall be paid in cash or through contribution in kind or otherwise with terms pursuant to Chapter 2 Section 5 items 1-3 and 5 of the Swedish Companies Act or that shares shall be paid with a right of set-off. The previous authorisation to issue 6,000,000 new shares and which was given at last year’s Annual General Meeting, which has not been utilised, was valid up to this year’s Annual General Meeting and has consequently lapsed.

Lastly, it was resolved, in accordance with the Board of Directors’ proposal, to authorise the Board of Directors to resolve on the acquisition and sale of the company’s own shares. The following shall apply for acquisition and sale of the company’s own shares:

Acquisition and sale of own shares shall exclusively take place on NASDAQ OMX Stockholm.

  1. The authorisation may be utilised on one or several occasions until the 2015 Annual General Meeting.
  2. Shares may be acquired to the extent that the company’s holding of its own shares, on any occasion, does not exceed ten (10) per cent of the company’s total shares. Sale may be carried out of not more than the number of shares acquired under this authorisation.
  3. Acquisition and sale of shares may only take place at a price within the price interval, on any occasion, recorded on NASDAQ OMX Stockholm, which refers to the interval between the highest buying price and the lowest selling price.

Additional information regarding the resolutions of the Annual General Meeting can be found in the proposals to the Annual General Meeting, which were prepared and that can be found on the company’s website.

For furtherinformation please contactJohan Heijbel, Managing Director,AB Novestra, phone no. +46 8 545 017 50.

About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Explorica, Inc., Strax Group Gmb and Swiss Picturebank AG. In addition, Novestra has an investment corresponding to approximately 12 percent of the shares in WeSC AB, listed on First North.

The Novestra shares are listed on the NASDAQ OMX Stockholm, under the symbol NOVE, in the Small Cap section. For further information regarding AB Novestra, reference is made to www.novestra.com

The information in this press release is such that AB Novestra is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act and/or the NASDAQ OMX Stockholm rules. AB Novestra released the information for publication on May 19, 2014 at 6.50 p.m. (CET).

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