RESOLUTIONS AT ORGANOCLICK'S ANNUAL GENERAL MEETING 2020

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RESOLUTIONS AT ORGANOCLICK'S ANNUAL GENERAL MEETING 2020

OrganoClick AB (publ) held its Annual General Meeting, 7 May 2020 at the company's head office in Täby where the following resolutions were adopted:

  • It was resolved to adopt the income statement and balance sheet and the consolidated income statement and consolidated balance sheet.
  • It was resolved that the accumulated result was brought forward and balanced in the new accounts according with the proposal of the Board.
  • It was resolved to approve discharge from personal liability for the members of the Board of Directors and the CEO for their administration.
  • It was resolved that the Board of Directors will have five ordinary board members.
  • It was resolved in accordance with the nomination committee's proposal to pay a fixed fee of SEK 400.000 to the Chairman of the Board and a fixed fee of SEK 100.000 to the other ordinary members of the Board, in total a fee of SEK 800.000 to the Board, and that the Auditors’ fee's will be paid in accordance with current approved invoicing.
  • It was resolved in accordance with the nomination committees proposal to re-elect Jan Johansson, Håkan Gustavson and Claes-Göran Beckeman, and new elect Charlotte Karlberg and Malin Bugge as board members. In accordance with the nomination committees proposal, Jan Johansson was re-elected as Chairman of the Board.
  • It was resolved in accordance with the nomination committees proposal to new-elect PricewaterhouseCoopers AB Deloitte AB as auditors until the annual general meeting 2022, with authorized public accountant Sebastian Ionescu as auditor in charge.
  • It was resolved to adopt the nomination procedure and election of nomination committee according to the proposal in the notice to the annual general meeting.
  • Notice was given that the Board had withdrawn the proposal of authorisation for the board of new issues of shares (point 17 in the Summons to the AGM). 
  • Notice was given that the nomination committee thanked Armando Córdova for his time as a board member during 2006-2020 and for his valuable work for the company.
  • Notice was given that the nomination committee thanked Deloitte AB with authorized public accountant Therese Kjellberg as auditor in charge for their good work during 2015-2020.

Due to the situation with Covid-19, the CEO did not held the ordinary presentation, but the company will publish a pre-recorded presentation, were the previous years activities and the result are presented and an outlook for 2020 on the company's webpage.

OrganoClick AB (publ)

The Board of Directors

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For more information, please contact:

Mårten Hellberg, CEO

0707 - 16 48 90, marten.hellberg@organoclick.com

.

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About OrganoClick

OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North Growth Market. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the durable water repellent technology for textiles OrganoTex®, the biocomposite material OrganoComp®, surface treatment and maintenance products for villa and property owners under the brand BIOkleen®, biobased binder under the trade name OC-BioBinder™ and the flame and rot-resistant timber OrganoWood® (through the joint-venture OrganoWood AB). OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start -up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the WWF "Climate Solver" award, listed as a SUSTAINIA100 company and has also appeared for two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North Growth Market is Mangold Fondkommission AB, tel: +46 (0)8 503 01 551, email: ca@mangold.se.

The information was published, of the contact person above, 7 May 2020 at 18:30.

Presentation OrganoClick Annual General Meeting 2020