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Generics' 2017 Annual Shareholders' Meeting

May 12, 2017

Report from Generic Sweden AB's Annual General Meeting on May 11, 2017.

Generic Sweden AB held its Annual General Meeting on May 11, 2017. On all proposed matters, the meeting resolved in accordance with the proposals of the Nomination Committee and the Board of Directors, respectively. The meeting was chaired by attorney Erik Gabrielson, and the following is a summary of the main points of the most important resolutions:

–       The 2016 annual report was approved, as was the Board’s proposal for the appropriation of profits—a dividend to shareholders of SEK 0.30 per share, totaling SEK 3,688,000, and SEK 20,885,000 was carried forward to retained earnings,

–       the members of the Board of Directors and the CEO were granted discharge from liability for the 2016 fiscal year,

–       the Chairman of the Board was granted a fee of 150,000 SEK, and the other non-employee members of the company’s Board were each granted a fee of 75,000 SEK,

–       For the period until the 2018 Annual General Meeting, the following individuals were appointed as members of the Board of Directors:

Hans Krantz, Chairman of the Board (re-elected)

Fredrik Svedberg (re-elected)

Kent-Åke Jönsson (re-elected)

Erik Gabrielson (re-election)

Stefan Widén (re-elected)

–       PricewaterhouseCoopers AB was appointed as the company’s auditor, with Magnus Brändström serving as the lead auditor,

–       the Chairman of the Board was tasked with convening, based on the ownership structure as of the end of September 2017, a nomination committee consisting of one representative from each of the company’s three largest shareholders,

–       The Board’s proposal in the notice of meeting regarding the guidelines for compensation to senior executives was approved.  

–       The Board of Directors shall have its registered office in Stockholm 

In his speech, the company’s CEO, Fredrik Svedberg, discussed the company’s progress and commented on its interim report for the first quarter of 2017.

Hans Krantz, Chairman of the Board

Fredrik Svedberg, President & CEO

Phone: 08-601 38 00 Email: fredrik.svedberg@generic.se

Generic Sweden AB (publ) operates in the consulting and telecommunications sectors, focusing on critical communications in areas where extremely high reliability is required. The consulting division provides services and solutions for command and communication systems to the defense sector, government agencies, and industry. The telecommunications division is a specialized telecom operator that operates its own radio network and offers messaging services for critical situations under the Minicall and Messit brands. The Group generated revenue of SEK 103 million in 2016 and has 60 employees. The stock is traded on NASDAQ OMX First North Premier under the ticker symbol GENI. Remium Nordic AB is the company’s Certified Adviser. Further information about the company is available at www.generic.se.

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