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Axactor SE — AGM Information 2010
May 7, 2010
3549_rns_2010-05-07_cd87e9ac-bb1f-4d88-9a51-b478ae848fa8.pdf
AGM Information
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IGE
Press release No 27 - 2010
7 May, 2010
Announcement from IGE Resources AB’s Annual General Meeting 2010
The shareholders of IGE Resources AB (publ) held the Annual General Meeting on Thursday 6th of May 2010 in Stockholm, Sweden. This is a summary of the most important decisions made by the Annual General Meeting:
Annual Report
The annual report and the auditor’s report as well as the consolidated annual report and the auditor’s group report were presented. The income statement and the balance sheet for both the parent company and the consolidated group were accepted by the Meeting.
Discharge from liability
The Meeting discharged the members of the Board and the CEO from liability.
Fees
The fees to be paid to the Board of Directors were set by the Meeting at a total of SEK 2 million (preceding year: SEK 1.4 million), with SEK 500 thousand to the chairman and SEK 300 thousand to each of the other members of the Board. It was resolved that the fees to the accountants would be paid according to reasonable and by the Company approved invoices.
Board of Directors
The Meeting decided to re-elect John Afseth, Magne Aaby, Timothy George, Rob Still, Anton Esterhuizen and to new elect Olle Johansson (see enclosed short CV). John Afseth was re-elected Chairman of the Board.
Nomination Committee
The Meeting resolved to establish a Nomination Committee for the next Annual General Meeting whereby the two largest shareholders in the Company as per September 30, 2010, will appoint one representative each who together with the Chairman of the Board shall comprise the Nomination Committee.
Guidelines for remuneration of the senior management
The Meeting approved the guidelines proposed by the Board regarding remuneration to the CEO and other leading officials in the senior management.
Conditional amendment of the Articles of Association
The Meeting decided, as proposed by the Board, to adjust the Articles of Association as regards notices of general meetings to new regulations expected to come into force before the AGM 2011. The adjustment is however conditioned by such legislation taking effect. According to the new rules, notice of general meeting can be advertised in Post och Inrikes Tidningar and on the Company’s web site.
Authorization to decide on new issues
The Meeting resolved to authorize the Board for the period until the next Annual General Meeting, at one or more occasions, with or without preferential rights for the shareholders to decide on new issues of shares, convertibles and/or warrants encompassing a share capital increase of up to SEK 25,000,000 corresponding to up to 500,000,000 new shares.
Presentation by CEO
International Gold Exploration IGE AB’s CEO, Tomas Fellbom, commented on the development during the fiscal year 2009 and briefly presented the possibilities that IGE faces during 2010.
IGE
For additional information, please contact:
Tomas Fellbom
CEO, IGE Resources AB
Phone: +46 8 402 28 00 / Mobile: +46 73 322 57 86
E-mail: [email protected]
Thomas Carlsson
CFO, IGE Resources AB
Tel: +46 8 402 28 05 / +46 70 552 26 22
E-mail: [email protected]
IGE Resources AB (publ) is a Scandinavian company mainly focusing on diamonds exploration and production in Southern Africa. IGE's portfolio also includes one of Northern Europe's largest nickel deposits and gold exploration projects in Kenya. IGE is headquartered in Stockholm and its shares are listed on the Oslo Stock Exchange (ticker: IGE). Please refer to www.ige.se for more detailed information.