Summary from Annual General Meeting of Catena Media plc
May 26th, 2016 15:00 CEST
The Consolidated Financial Statements of the Company for the financial year 2015 and the Report of the Directors and the Report of the Auditors were approved.
Andre Lavold, Anders Brandt, Henrik Persson Ekdahl, Kathryn Moore Baker and Mats Alders were re-elected as members of the Board of Directors. Mathias Hermansson was elected as new member of the Board of Directors. The Meeting resolved that the fees to be paid to the members of the Board of Directors shall be allocated as follows: EUR 70,000 to the Chairman and EUR 30,000 to each of the other members of the Board of Directors. The members of the Board of Directors shall be entitled to invoice thee fees through a company, if fiscal conditions so permit and provided that such arrangement is cost neutral for the company No fees shall be paid for committee work.
PricewaterhouseCoopers Malta was re-elected as the Company’s auditor. The Meeting resolved that the Board of Directors shall be authorised to determine the fees to the auditor.
The Meeting resolved to approve the Board of Directors’ proposal on the principles for electing the Nomination Committee.
The Meeting resolved in accordance with the proposal of the Board of Directors to implement a new incentive programme for key persons of the Company. The Programme comprises not more than 500,000 share options, corresponding to no more than approximately one (1) per cent of the share capital and votes of the Company on a fully diluted basis (based on the number of outstanding shares as of the date of this press release). The Programme is proposed to comprise a maximum of five participants who are proposed to be allotted a maximum of 100,000 share options each.
CATENA MEDIA PLC
The Board of Directors
For further information, please contact:
Robert Andersson, CEO, phone: +356 770 329 28, e-mail: [email protected]
The information was submitted for publication at 15.00 CET on 26 May 2016. The Company’s certified advisor is Avanza.
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