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Announcement from TerraNet Holding's annual general meetingPress release, Lund 29 April 2021 Announcement from TerraNet Holding's annual general meeting The annual general meeting of TerraNet Holding AB ("TerraNet" or the "Company") was held today on 29 April 2021 and the following resolutions were passed by the meeting. ADOPTION OF THE INCOME STATEMENT AND BALANCE SHEET DISTRIBUTION OF PROFIT DISCHARGE FROM LIABILITY ELECTION OF THE BOARD OF DIRECTORS AND AUDITOR, AND DIRECTORS' AND AUDITORS' FEES Göran Janson, Karolina Bjurehed, Arne Hansson, Lars Novak and Michel Roig were re-elected as a directors. Göran Janson was re-elected as chairman of the board of directors. Deloitte AB was re-elected as the Company's auditor. Deloitte AB has announced that authorized accountant Richard Peters will continue as main responsible auditor. It was resolved that the remuneration to each director elected by the meeting and who is not employed by the Company or the group shall be SEK 100,000 (SEK 100,000) and the chairman of the board of directors is to receive SEK 200,000 (SEK 200,000), in total SEK 600,000 (SEK 700,000 previous year). More information regarding the elected directors can be found onthe Company's website and in the annual report for 2020. PRINCIPLES FOR THE NOMINATION COMMITTEE AMENDMENTS OF THE ARTICLES OF ASSOCIATION REGARDING, INTER ALIA, COMPANY NAME AUTHORIZATION FOR THE BOARD OF DIRECTORS TO RESOLVE ON ISSUANCES For the full proposals regarding the above resolutions at the annual general meeting, please refer to the notice and the annual report which are available on the Company's website, www.terranet.se. For further information, please contact: Pär-Olof Johannesson, CEO Johan Wångblad, CFO About Terranet Terranet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, Terranet is pioneering breakthrough safety technology VoxelFlow™ for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine and Stuttgart, Germany. Terranet AB is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST). You can now subscribe to Terranet’s newsletter, sign up at www.terranet.se/en/ir-2/. Certified Adviser: Mangold Fondkommission AB, 08-503 015 50, [email protected]. |