Report on Minesto AB's Annual General Meeting 2025
On May 22, 2025, the Annual General Meeting (AGM) of Minesto AB took place at the Hotel Riverton in Gothenburg, Sweden. During this significant gathering, the company's chairman, Eric Ehrencrona from MAQS Advokatbyrå, presided over the proceedings, which saw crucial decisions made regarding the company's future direction. The following outlines the key resolutions that emerged from the meeting:
Adoption of Financial Statements
The AGM confidently adopted the income statement and balance sheet of the company and the group, reinforcing the transparency and reliability of Minesto's financial reporting.
Allocation of Results
One prominent decision involved the allocation of the company's results for the financial year 2024. The AGM resolved that no dividends would be disbursed and that all available profits would be carried forward. This cautious approach reflects the company’s strategy to fortify its financial position during uncertain times.
Discharge from Liability
In a move to address accountability, the AGM granted discharge to all individuals who served as Board members or the CEO during the past financial year. This step is vital in maintaining good governance practices and allows the company to move forward without past encumbrances.
Board of Directors and Auditor Election
Continuing the trend of stability in leadership, the AGM elected Martin Edlund, Göran Linder, Joel Lybert, Jonas Millqvist, and Git Sturesjö Adolfsson back onto the Board of Directors. Additionally, Andreas Gunnarsson was re-elected as deputy board member, while Jonas Millqvist continues as chairman. Grant Thornton Sweden AB was re-elected as the company's auditor, ensuring consistency in financial oversight with Victor Cukierman continuing as the principal auditor.
Remuneration to Board and Auditor
The AGM reviewed and agreed upon remuneration for the Board of Directors, endorsing four price base amounts for the chairman and two each for other board members not employed by the company. To uphold fiscal responsibility, no fees will be granted for the Board's remuneration and audit committees.
Nomination Committee Principles
The AGM adopted the proposed principles for the nomination committee, aligning with the prior year's standards. This consistency aims to strengthen the processes involved in future board nominations.
Executive Compensation Guidelines
In alignment with ongoing organizational goals, the AGM approved guidelines for compensation to senior executives, maintaining continuity in leadership incentives.
Changes to Warrants and Incentive Programs
The resolutions also included amendments to the terms of the warrants affiliated with LTI 2021 and the establishment of a new performance-based incentive program, LTI 2025, aimed at enhancing motivation among management and staff.
Additionally, the AGM resolved to take measures for hedging assets related to LTI 2025 and authorized the Board of Directors to make future decisions regarding the issuance of shares or warrants, aiming to limit potential dilution to approximately ten percent.
Conclusions
The decisions taken at the AGM reflect Minesto AB's commitment to solid financial management, accountability, and strategic planning. With a focus on innovation and growth, the company's leadership seems poised to navigate the complexities of the energy sector effectively.
For more information on Minesto and their initiatives, please visit
minesto.com.