24.5.2022

Resolutions from Annual General Meeting of Endomines AB (publ)

Press release (PDF)

Endomines AB (publ), press release 24 May 2022 kl. 15.00 CEST

The Annual General Meeting of Endomines AB (publ) was held today, 24 May 2022, at which the shareholders made the following resolutions. The meeting was conducted through postal voting only, without physical participation.

 

Adoption of the income statement and the balance sheet

The Annual General Meeting resolved to adopt the income statement and the balance sheet and the consolidated income statement and the consolidated balance sheet.

 

Allocation of the company's result

The Annual General Meeting resolved that no dividend is to be paid for the financial year 2021 and that the company’s funds be carried forward.

 

Discharge from liability

The Annual General Meeting resolved to grant all persons who were board members and CEO:s during the financial year discharge from liability for the period to which the annual report relates.

 

Approval of remuneration report

The Annual General Meeting approved the presented remuneration report for the financial year 2021.

 

Remuneration to the board of directors and the auditor

The Annual General Meeting resolved that remuneration for the Chairman of the Board of Directors shall be an unchanged amount of SEK 350,000 per year, and to each other member of the board of directors an unchanged amount of SEK 200,000 per year, however that no remuneration shall be paid to Board members who are employed by the company. The Annual General Meeting further resolved that remuneration for a Board member’s work in the Remuneration and ESG Committee, Audit Committee and the Technology and Security Committee established by the Board of Directors shall be an unchanged amount of SEK 25,000 per Board member and year for each committee that the Board member works in, and that a remuneration of SEK 50,000 per year shall be paid to the Chairman of the Audit Committee and the Chairman of the Technology and Security Committee and a meeting remuneration of SEK 3,000 shall be paid to each participating board member for each physical board meeting.

The Annual General Meeting resolved that remuneration to the company's auditor shall be paid as per approved invoice.

Election of Board of Directors, Chairman of the Board and Auditor

Eeva Ruokonen, Jeremy Read, Jukka-Pekka Joensuu and Markus Ekberg were re-elected as members of the Board of Directors and Jukka Jokela was elected as new member of the Board of Directors. Jukka-Pekka Joensuu was elected as new Chairman of the Board of Directors.

The Annual General Meeting resolved to re-elect the registered auditing firm PricewaterhouseCoopers AB as Auditor for the period until the end of the Annual General Meeting 2023. Anna Rozhdestvenskaya will be auditor in charge.

 

Establishment of guidelines for the remuneration to management

The Annual General Meeting approved the proposed guidelines for the remuneration to management.

 

Establishment of guidelines for appointment of the Nomination Committee

The Annual General Meeting approved the proposed guidelines for appointment of the Nomination Committee.

 

Resolution to authorize the Board of Directors to resolve upon new share issues, issues of warrants and/or convertibles

The Annual General Meeting resolved to authorize the Board of Directors during the period until the next Annual General Meeting to issue new shares, issue of warrants and/or convertibles, on one or more occasions and with or without pre-emptive rights for the shareholders.

Board resolutions under this authorization may result in a maximum dilution of twenty (20) per cent of the total number of shares outstanding at the time of the first board resolution in accordance with this authorisation. The complete proposal is included in the notice to the Annual General Meeting.

 

For further information, please contact:

Kari Vyhtinen, CEO, kari.vyhtinen@endomines.com, +358 40 585 0050

 

About Endomines

Endomines is a mining and exploration company with its primary focus on gold. The company explores for gold along the Karelian Gold Line in Eastern Finland and develops mining operations in Idaho, USA. Endomines aims to improve its long-term growth prospects by increasing its exploration activities and through acquisitions. Endomines aims to acquire deposits that are situated in stable jurisdictions and can be brought to production rapidly with limited investments.

The shares trade on Nasdaq Stockholm (ENDO) and Nasdaq Helsinki (ENDOM).