Report from Annual General Meeting of SaltX Technology Holding AB (publ)

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At today's Annual General Meeting of SaltX Technology Holding AB (publ) it was decided in accordance with the Nomination Committee’s and the Board's proposals. 

The Annual General Meeting passed the following resolutions. All resolutions were in accordance with the proposals submitted, which are described in detail in the meeting documents available on the company's website, www.saltxtechnology.com. 

  • Adoption of income statement, balance sheet and consolidated income statement and consolidated balance sheet for 2021. 

  • Profit allocation in accordance with the Board's proposal, which means that no dividend is paid for the financial year 2021 and that available profits are transferred forward. 

  • The Board of Directors and the managing director were granted discharge from liability for the financial year 2021. 

  • It was resolved that the fee to the Chairman of the Board shall be SEK 405,000 (375,000) and that the fee to other Board members elected by the Annual General Meeting shall be SEK 135,000 (125,000) each. It was resolved that no special fee be paid for committee work. 

  • It was resolved that auditors’ fee be paid in accordance with approved invoices. 

  • Re-election of Åke Sund, Staffan Andersson, Tony Grimaldi, Hans Holmstrom, Erica Larson and Elin Lydahl as Board members for the period up until the end of the next Annual General Meeting. 

  • Re-election of Åke Sund as Chairman of the Board. 

  • Re-election of the registered accounting firm Öhrlings PricewaterhouseCoopers AB as auditor for the period until the end of the next Annual General Meeting; Authorized Public Accountant Claes Sjödin continues as auditor in charge. 

  • Resolution on authorization for the Board of Directors to, on one or several occasions until the next Annual General Meeting, with or without preferential rights for the shareholders, resolve upon issues of shares of class B and/or warrants entitling to subscription of shares of class B. The total number of shares that may be issued under the authorization may correspond to no more than 40,000,000 shares (including any new shares following exercise of warrants issued under the authorization). 

  • Resolution on adoption of warrant-based incentive program for senior executives, other employees in the group in which the company is the parent company (the “Group”) and other key persons (jointly “key persons”) in the Group by (A) resolution on the issue of no more than 3,000,000 warrants of series 2022/2025 to the company, and (B) resolution on approval of the transfer of warrants of series 2022/2025 from the company to key persons in the Group on market terms, at a price established in accordance with a calculated market value for the warrants by application of Black & Scholes valuation model. Each (1) warrant entitles the holder to subscribe for one (1) B-share in the company during the period from and including 1 June 2025 up to and including 30 June 2025 at a subscription price corresponding to 150 percent of the volume-weighted average price of the company’s share on Nasdaq First North Premier Growth Market during five (5) trading days directly before 25 May 2022. 

For further information, please contact: 
Åke Sund, Chairman of the Board, tel: +46 70 667 00 74 
Carl-Johan Linér, CEO, tel: +46 705-32 08 08 

About SaltX Technology 
SaltX Technology develops and sells patented energy storage solutions. SaltX´s mission is to develop and offer sustainable technology and solutions that clearly benefit customers, the climate, and society. SaltX Technology's shares are listed on the Nasdaq First North Premier Growth Market. FNCA Sweden AB, +468-528 00 399, info@fnca.se, is SaltX Technology’s certified adviser. For more information, visit www.saltxtechnology.com

Stockholm 2022-04-25