#Sweden #None #Sivers Semiconductors #Corporate Governance #Annual General Meeting

Sivers Semiconductors AB Annual General Meeting Highlights

On June 15, 2026, Sivers Semiconductors AB (publ) held its Annual General Meeting (AGM), during which significant resolutions were adopted that will shape the company's governance and future direction.

Key Decisions Made

Adoption of Financial Reports

A primary resolution at the AGM was the approval of the annual report alongside the auditor's report. The profit and loss statement, as well as the balance sheet for both the parent company and the group, were endorsed. Notably, the shareholders voted not to distribute dividends for the financial year 2025, emphasizing a focus on reinvestment over immediate returns. Additionally, the Board and the CEO were granted discharge from liability, clearing a path for future operations without legacy burdens.

Board Elections

A significant highlight was the resolution regarding the makeup of the Board of Directors. The meeting re-elected existing members Bami Bastani, Karin Raj, and Todd Thomson while welcoming Joakim Nideborn and Helena Svancar as new additions. Bami Bastani continues as Chairman, with Joakim Nideborn stepping in as Vice Chairman. To incentivize board participation, a structured remuneration plan was outlined, which includes an annual retainer alongside a stock ownership plan allotting each board member SEK 1,000,000, ensuring that approximately half of this amount is used specifically for acquiring Sivers shares, subject to a one-year lock-up period.

The agreed remuneration structure included:

• - Chairman: SEK 1,050,000
• - Vice Chairman: SEK 600,000
• - Other Members: SEK 350,000 each
• - Various additional compensations for roles within the Audit, Investment, and Remuneration Committees were also specified, ensuring fairness and transparency in leader rewards across the board.

Auditor Re-Election

The AGM resolved to re-appoint Deloitte AB as the company's auditor. Remuneration for auditing services will be compensated as per recognized invoicing, maintaining an ethical and structured financial oversight.

Approval of the Remuneration Report

Also on the agenda was the endorsement of the Board's remuneration report, adhering to Section 53 a of the Swedish Companies Act. This transparency promotes confidence among shareholders regarding the compensation practices employed by the company.

Share Issue Authorization

A crucial decision endorsed at the AGM was the authorization for the Board of Directors to manage share issues, warrants, or convertible bonds without preferential shareholder rights for up to 53,844,956 ordinary shares. This move, corresponding to around 15% dilution of share capital, is designed to enable financial agility and responsiveness to market conditions. Financial arrangements for future share subscriptions were also clarified, with provisions for cash, kind, or offset payments.

Convertible Loan Approval

Lastly, the AGM approved a previous Board resolution from March 3, 2026, regarding a secured convertible loan of USD 327,071.98. This loan, through Bootstrap Europe 4.0 S.à r.l., involves the issuance of 622,719 convertibles, reinforcing Sivers' ongoing commitment to innovative funding strategies. The predetermined interest rate on this loan is set at an attractive 10.85% per annum, which demonstrates the company’s strong financial position and investor confidence.

Conclusion

The outcomes of the AGM signal a promising trajectory for Sivers Semiconductors AB, with strategic governance measures in place. The re-elections and resolutions reflect a commitment to sustainable growth and operational excellence, ensuring the company remains at the forefront of the semiconductor industry. Investors and stakeholders can anticipate a period of development marked by robust financial stewardship and proactive leadership. For queries and more information, please contact Vickram Vathulya, CEO.