Bulletin from Net Insight’s Annual General Meeting 2024

, , , , , , ,

The Annual General Meeting in Net Insight AB (publ) was held on 7 May 2024 in Solna, Sweden. The resolutions mentioned below, among others, were passed. The board’s and the nomination committee’s proposals have previously been published and are available at the company’s website, www.netinsight.net.

Annual report, appropriation of result and discharge from liability

The meeting resolved to adopt the income statement and balance sheet, consolidated income statement and balance sheet for 2023. It was resolved that the company’s results shall be carried forward and that no dividend will be distributed. The meeting resolved to discharge the board members and the managing director from liability for 2023.

Board members and board fees

The meeting resolved on board elections in accordance with the nomination committee’s proposals. Anna Söderblom was elected as Chair of the Board. Jan Barchan, Cecilia de Leeuw, Karl Thedéen and Torbjörn Wingårdh were re-elected as board members. Axel Barchan was re-elected as personal deputy for Jan Barchan.

The meeting resolved on board fees in accordance with the nomination committee´s proposals, as follows: SEK 773,000 to the Chair of the Board, SEK 283,000 to each other board member elected by the meeting, SEK 139,000 to the deputy elected by the meeting, SEK 105,000 to the Chair of the Audit Committee and SEK 55,000 to each other member of the Audit Committee, SEK 50,000 to the Chair of the Remuneration Committee and SEK 40,000 to each other member of the Remuneration Committee.

Auditor

The meeting re-elected KPMG AB as the company’s auditor for the period up until the end of the annual general meeting 2025. Remuneration to the auditor will be on approved account.

The board’s remuneration report

The meeting approved the board’s remuneration report for 2023.

Authorization for the board to resolve to repurchase and transfer own shares

The meeting resolved to authorize the board to resolve to repurchase, on one or several occasions until the next annual general meeting, as many own shares as may be purchased without the company’s holding at any time exceeding ten per cent of the total number of shares in the company. Further, the meeting resolved to authorize the board to resolve, on one or several occasions until the next annual general meeting, to transfer (sell) own shares.

The purpose of the authorization to repurchase own shares is to promote efficient capital usage in the company, to provide flexibility as regards the company’s possibilities to distribute capital to its shareholders and to provide hedging for the company’s long-term share-related incentive programs. The purpose of the authorization to transfer own shares is to enable the board to make corporate acquisitions, product acquisitions or enter into collaboration agreements, or to raise working capital or broaden the shareholder base or for use in the context of the company’s incentive plans or to provide hedging for the company’s option programs.

Reduction of share capital through cancellation of shares

The meeting resolved that the company’s share capital shall be reduced by SEK 431,800 for allocation to unrestricted equity with cancellation of 10,795,000 own B shares held by the company. The execution of the decision requires permission from the Swedish Companies Registration Office (Bolagsverket).

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

Rickard Dahlgren, General Counsel of Net Insight AB, +46 8 685 04 00,
rickard.dahlgren@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows.
For over 25 years, the world’s leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight’s Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight