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SmartCraft ASA AGM Information 2022

May 20, 2022

3745_rns_2022-05-20_fe550bfc-2d5c-474a-b7e3-87fa2e3651ea.pdf

AGM Information

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Office translation. In case of discrepancies, the Norwegian original version shall prevail.

MINUTES OF

ANNUAL GENERAL MEETING

OF

SMARTCRAFT ASA

PROTOKOLL FRA

ORDINÆR GENERALFORSAMLING

I

SMARTCRAFT ASA

(ORG NR 918 356 649)

(REG NO 918 356 649) The annual general meeting of SmartCraft ASA (the

118 094 454 of the shares and votes were represented, equivalent to 68.85%. See appendix 1.

"Company") was held on 20 May 2022.

Den 20. mai 2022 ble det avholdt ordinær generalforsamling i SmartCraft ASA (Selskapet").

118 094 454 av aksjene og stemmene var representert, tilsvarende 68.85%. Se vedlegg 1.

Generalforsamlingen ble åpnet av Gunnar Haglund. The general meeting was opened by Gunnar Haglund.

Følgende vedtak ble truffet: The following resolutions were passed:

1 VALG AV MØTELEDER 1 ELECTION OF A CHAIRPERSON OF THE

Gunnar Haglund ble valgt til møteleder. Gunnar Haglund was elected to chair the meeting.

2 VALG AV EN PERSON TIL Å MEDUNDERTEGNE PROTOKOLLEN

Carl Ivarsson ble valgt til å medundertegne protokollen.

3 GODKJENNING AV INNKALLING OG DAGSORDEN 3 APPROVAL OF THE NOTICE AND AGENDA

Møtelederen reiste spørsmål om det var bemerkning til innkallingen eller dagsordenen. Da det ikke fremkom innvendinger, ble innkalling og dagsorden ansett som godkjent. Møtelederen erklærte generalforsamlingen som lovlig satt.

The chairman raised question whether there were any objections to the notice or agenda of the general meeting. No such objections were made, and the notice and the agenda were approved. The chairman declared the general meeting as lawfully convened.

MEETING

2 ELECTION OF A PERSON TO CO-SIGN THE

Carl Ivarsson was elected to co-sign the minutes.

MINUTES

4 GODKJENNING AV ÅRSREGNSKAPET OG ÅRSRAPPORTEN FOR 2021

Styrets forslag til årsregnskap og årsrapport for regnskapsåret 2021, herunder årsberetningen, ble gjennomgått. Årsregnskap og årsrapport, herunder årsberetning, for regnskapsåret 2021, godkjennes.

4 APPROVAL OF THE ANNUAL ACCOUNTS AND THE ANNUAL REPORT FOR 2021

The board of directors' proposals for annual accounts and annual report for the financial year 2021, including the board of directors' report, was reviewed and the Company's annual accounts and annual report, including the board of director's report, for the financial year 2021 is approved.

5 GODKJENNING AV REVISORS HONORAR FOR 2021

Generalforsamlingen godkjenner revisors honorar for 2021 etter regning.

6 STYRETS REDEGJØRELSE FOR EIERSTYRING OG SELSKAPSLEDELSE

I henhold til allmennaksjeloven § 5-6 (5) har generalforsamlingen behandlet styrets redegjørelse for foretaksstyring, utarbeidet i tråd med regnskapsloven § 3-3b. Generalforsamlingen til styrets redegjørelse til etterretning.

7 GODKJENNING AV GODTGJØRELSE TIL MEDLEMMENE AV STYRET, REVISJONSUTVALGET OG KOMPENSASJONSUTVALGET

Valgkomiteens forslag om godtgjørelse til medlemmene av styret, revisjonsutvalget og kompensasjonsutvalget for regnskapsåret 2021 godkjennes.

5 APPROVAL OF THE AUDITOR'S FEE FOR 2021

The general meeting approves the annual auditor's fees for the financial year 2021 as per the auditor's invoice.

6 THE BOARD OF DIRECTORS' REPORT ON CORPORATE GOVERNANCE

Pursuant to Section 5-6 (5) of the Norwegian Public Limited Liability Companies Act, the annual general meeting has considered the board of directors' report on corporate governance which has been prepared in accordance with Section 3-3b of the Norwegian Accounting Act. The general meeting took note of the report.

7 APPROVAL OF REMUNERATION FOR MEMBERS OF THE BOARD OF DIRECTORS, THE AUDIT COMMITTEE AND THE REMUNERATION COMMITTEE

The nomination committee's proposal for remuneration for the members of the board of directors, the audit committee and the remuneration committee for the financial year 2021 is approved.

8 GODKJENNING AV GODTGJØRELSE TIL MEDLEMMENE AV VALGKOMITEEN

Valgkomiteens forslag til godtgjørelse til medlemmene av valgkomiteen godkjennes.

9 GODKJENNING AV RETNINGSLINJER OM LEDERLØNN

Styrets forslag til retningslinjer for fastsettelse av lønn og annen godtgjørelse til ledende personer godkjennes.

10 RÅDGIVENDE AVSTEMNING OVER GODTGJØRELSESRAPPORT

Generalforsamlingen avholdt en rådgivende avstemning over rapporten. Generalforsamlingen gir sin tilslutning til rapporten om lønn og annen godtgjørelse til ledende personer.

11 FULLMAKTER TIL STYRET TIL Å FORHØYE AKSJEKAPITALEN VED UTSTEDELSE AV NYE AKSJER

11.1 Fullmakt til å forhøye aksjekapitalen i forbindelse med investeringsprogram

I samsvar med styrets forslag traff generalforsamlingen følgende vedtak:

  • (i) I henhold til allmennaksjeloven § 10-14 gis styret fullmakt til å forhøye Selskapets aksjekapital, i en eller flere omganger, med inntil NOK 17,152.23.
  • (ii) Aksjeeiernes fortrinnsrett til å tegne de nye aksjene etter allmennaksjeloven § 10-4 kan fravikes.

8 APPROVAL OF REMUNERATION FOR MEMBERS OF THE NOMINATION COMMITTEE

The proposal by the nomination committee for remuneration to the members of the nomination committee is approved.

9 APPROVAL OF REMUNERATION GUIDELINES

The board of directors' proposed guidelines for salary and other remuneration to leading personnel are approved.

10 ADVISORY VOTE OVER REMUNERATION REPORT

The report was considered by the general meeting by way of an advisory vote. The general meeting endorses the report on salary and other remuneration to leading personnel.

  • 11 BOARD AUTHORIZATIONS TO INCREASE THE SHARE CAPITAL BY ISSUANCE OF NEW SHARES
  • 11.1 Authorization to increase the share capital in connection with investment programme

In accordance with the board of director's proposal, the general meeting passed the following resolution:

  • (i) Pursuant to Section 10-14 of the Norwegian Public Limited Liability Companies Act, the board of directors is granted an authorization to increase the Company's share capital, in one or more rounds, by up to NOK 17,152.23.
  • (ii) The shareholders' preferential right to subscribe for the new shares pursuant to Section 10-4 of the Norwegian Public Limited Liability Companies Act may be deviated from.

  • (iii) Fullmakten kan kun benyttes for å utstede aksjer i forbindelse med Selskapets aksjeinvesteringsprogram.

  • (iv) Fullmakten omfatter kapitalforhøyelse mot innskudd i andre eiendeler enn penger og rett til å pådra Selskapet særlige plikter etter allmennaksjeloven § 10-2.
  • (v) Fullmakten omfatter ikke kapitalforhøyelse ved fusjon etter allmennaksjeloven § 13-5.
  • (vi) Fullmakten gjelder fra registrering i Foretaksregisteret og frem til Selskapets ordinære generalforsamling i 2024, dog ikke lenger enn til 30. juni 2024.

11.2 Fullmakt til å forhøye aksjekapitalen for å finansiere videre vekst

I samsvar med styrets forslag traff generalforsamlingen følgende vedtak:

  • (i) I henhold til allmennaksjeloven § 10-14 gis styret fullmakt til å forhøye Selskapets aksjekapital, i en eller flere omganger, med inntil NOK 171,522.305.
  • (ii) Aksjeeiernes fortrinnsrett til å tegne de nye aksjene etter allmennaksjeloven § 10-4 kan fravikes.
  • (iii) Fullmakten omfatter kapitalforhøyelse mot innskudd i andre eiendeler enn penger og rett til å pådra Selskapet særlige plikter etter allmennaksjeloven § 10-2.

(iii) The authorization may only be used to issue new shares in connection with the Company's share-investment program.

(iv) The authorization comprises share capital increases against contribution in kind and the right to incur specific obligations on behalf of the Company, cf. Section 10-2 of the Norwegian Public Limited Liability Companies Act.

(v) The authorization does not comprise share capital increases in connection with mergers pursuant to Section 13-5 of the Norwegian Public Limited Liability Companies Act.

(vi) The authorization shall be effective from the date it is registered in the Norwegian Register of Business Enterprises and shall be valid until the Company's annual general meeting in 2024, but no longer than 30 June 2024.

11.2 Authorization to increase the share capital in order to finance further growth

In accordance with the board of director's proposal, the general meeting passed the following resolution:

(i) Pursuant to Section 10-14 of the Norwegian Public Limited Liability Companies Act, the board of directors is granted an authorization to increase the Company's share capital, in one or more rounds, by up to NOK 171,522.305.

(ii) The shareholders' preferential right to subscribe for the new shares pursuant to Section 10-4 of the Norwegian Public Limited Liability Companies Act may be deviated from.

(iii) The authorization comprises share capital increases against contribution in kind and the right to incur specific obligations on behalf of the Company, cf. Section 10-2 of the Norwegian Public Limited Liability Companies Act.

  • (iv) Fullmakten omfatter kapitalforhøyelse i forbindelse med fusjon etter allmennaksjeloven § 13-5.
  • (v) Fullmakten gjelder fra registrering i Foretaksregisteret og frem til Selskapets ordinære generalforsamling i 2023, dog ikke lenger enn til 30. juni 2023.

I samsvar med styrets forslag traff generalforsamlingen følgende vedtak:

Selskapets vedtekter § 2 endres og gis følgende ordlyd:

"Selskapets forretningskontor er i Ringerike kommune".

(iv) The authorization covers share capital increases in connection with mergers pursuant to Section 13-5 of the Norwegian Public Limited Liability Companies Act.

(v) The authorization shall be effective from the date it is registered in the Norwegian Register of Business Enterprises and shall be valid until the Company's annual general meeting in 2023, but no longer than 30 June 2023.

12 VEDTEKTSENDRING 12 AMENDMENT OF ARTICLES OF ASSOCIATION

In accordance with the board of director's proposal, the general meeting passed the following resolution:

Section 2 of the Company's articles of association is amended to read as follows:

"The company's business office shall be in the municipality of Ringerike"

* * * * * * _______________________________

Gunnar Haglund

Møteleder/Chairperson

_______________________________

Carl Ivarsson

Medundertegner/Co-signer

Vedlegg Appendices

  1. Protokoll for avgitte stemmer 1. Minutes showing received votes

Total Represented

ISIN: NO0011008971 SMARTCRAFT ASA
General meeting date: 20/05/2022 14:00
Today: 20.05.2022

Number of persons with voting rights represented/attended: 4

Number of shares % sc
Total shares 171,522,305
- own shares of the company 0
Total shares with voting rights 171,522,305
Represented by own shares 1,349,424 0.79%
Represented by advance vote 84,671,496 49.37 %
Sum own shares 86,020,920 50 15 %
Represented by proxy 31,450 0.02%
Represented by voting instruction 32,042,084 18.68 %
Sum proxy shares 32,073,534 18.70 %
Total represented with voting rights 118,094,454 68.85%
Total represented by share capital 118,094,454 68.85%

$\frac{1}{1}$

Registrar for the company:

Signature company:

SMARTCRAFT ASA

DNB Bank ASA

Julie Gudal

Kastan Bp

Protocol for general meeting SMARTCRAFT ASA

ISIN: NO0011008971 SMARTCRAFT ASA General meeting date: 20/05/2022 14.00 Today: 20.05.2022

Shares class FOR Against Poll in Abstain Poll not registered Represented shares
with voting rights
Agenda item 1 Election of a chairperson of the meeting
Ordinær 118,094,454 0 118,094,454 0 0 118,094,454
votes cast in % 100.00 % 0.00% 0.00%
representation of sc in % 100.00 % 0.00% 100.00 % 0.00% 0.00%
total sc in % 68 85 % 0.00% 68 85 % 0.00% 0.00%
Total 118,094,454 0 118,094,454 o 0 118,094,454
Agenda item 2 Election of a person to co-sign the minutes
Ordinær 118,094,454 0 118,094,454 0 0 118,094,454
votes cast in % 100.00 % 0.00% 0.00%
representation of sc in % 100.00 % 0.00% 100.00 % 0.00% 0.00%
total sc in % 68 85 % 0.00% 68.85% 0.00% 0.00%
Total 118,094,454 0 118,094,454 0 0 118,094,454
Agenda item 3 Approval of the notice and agenda
Ordinær 118,094,454 0 118,094,454 0 0 118,094,454
votes cast in % 100.00 % 0.00% 0.00%
representation of sc in % 100.00 % 0.00% 100.00 % 0.00% 0.00%
total sc in % 68.85% 0.00% 68.85% 0.00% 0.00%
Total 118,094,454 0 118,094,454 O 0 118,094,454
Agenda item 4 Approval of the Annual Accounts and the Annual Report for 2021
Ordinær 118,094,454 0 118,094,454 0 0 118,094,454
votes cast in % 100.00 % 0.00% 0.00%
representation of sc in % 100.00 % 0.00% 100.00 % 0.00% 0.00%
total sc in % 68 85 % 0.00% 68 85 % 0.00% 0.00%
Total 118,094,454 0 118,094,454 0 0 118,094,454
Agenda item 5 Approval of the auditor's fee for 2021
Ordinær 116,546,192 1,548,262 118,094,454 0 0 118,094,454
votes cast in % 98 69 % 1 31 % $0.00 \%$
representation of sc in % 98.69% 1.31 % 100.00 % 0.00% 0.00%
total sc in % 67.95 % 0.90% 68 85 % 0.00% 0.00%
Total 116,546,192 1,548,262 118,094,454 0 0 118,094,454
Agenda item 7 Approval of remuneration for members of the Board of Directors, the audit committee and the
remuneration committee
Ordinær 117,364,181 0 117,364,181 730,273 0 118,094,454
votes cast in % 100.00 % 0.00% 0.00%
representation of sc in % 99.38% 0.00% 99.38% 0.62% 0.00%
total sc in % 68.43% 0.00% 68.43% 0.43% 0.00%
Total 117,364,181 $\mathbf{0}$ 117,364,181 730,273 0 118,094,454
Agenda item 8 Approval of remuneration for members of the nomination committee
Ordinær 116,644,181 $\mathbf 0$ 116,644,181 1,450,273 0 118,094,454
votes cast in % 100.00 % 0.00% 0.00%
representation of sc in % 98.77 % 0.00% 98.77 % 1.23 % 0.00%
total sc in % 68.01 % 0.00% 68.01% 0.85% 0.00%
Total 116,644,181 0 116,644,181 1,450,273 0 118,094,454
Agenda item 9 Approval of remuneration guidelines
Ordinær 113,666,321 3,708,133 117,374,454 720,000 0 118,094,454
votes cast in % 96.84 % 3.16% 0.00%
representation of sc in % 96.25 % 3.14% 99.39 % 0.61% 0.00%
total sc in % 66 27 % 2.16 % 68.43% 0.42% 0.00%
Total 113,666,321 3,708,133 117,374,454 720,000 0 118,094,454
Shares class FOR Against Poll in Abstain Poll not registered Represented shares
with voting rights
Agenda item 10 Advisory vote over remuneration report
Ordinær 114,458,992 2,915,462 117,374,454 720,000 0 118,094,454
votes cast in % 97.52 % 2.48 % 0.00%
representation of sc in % 96.92 % 2.47 % 99.39 % 0.61% 0.00%
total sc in % 66.73 % 1.70 % 68.43% 0.42% 0.00%
Total 114,458,992 2,915,462 117,374,454 720,000 0 118,094,454
Agenda item 11.1 Authorization to increase the share capital in connection with investment program
Ordinær 116,043,182 2,049,472 118,092,654 1,800 0 118,094,454
votes cast in % 98.27 % 1.74 % 0.00%
representation of sc in % 98 26 % 1 74 % 100.00 % 0.00% 0.00%
total sc in % 67 66 % 1.20% 68.85% 0.00% 0.00%
Total 116,043,182 2,049,472 118,092,654 1,800 0 118,094,454
Agenda item 11.2 Authorization to increase the share capital in order to finance further growth
Ordinær 117,372,654 720,000 118,092,654 1,800 0 118,094,454
votes cast in % 99 39 % 0.61% 0.00%
representation of sc in % 99 39 % 0.61% 100.00 % 0.00% 0.00%
total sc in % 68.43 % 0.42% 68.85% 0.00% 0.00%
Total 117,372,654 720,000 118,092,654 1,800 0 118,094,454
Agenda item 12 Amendment of articles of association
Ordinær 116,107,380 1,987,074 118,094,454 $\mathbf 0$ 0 118,094,454
votes cast in % 98.32 % 1 68 % 0.00%
representation of sc in % 98.32 % 1.68% 100.00 % 0.00% 0.00%
total sc in % 67.69% 1 16 % 68 85 % 0.00% 0.00%
Total 116,107,380 1,987,074 118,094,454 $\mathbf 0$ 0 118,094,454

Registrar for the company:

Signature company: SMARTCRAFT ASA

DNB Bank ASA

Aulic Gusdal

Kastan Bp

Share information

Name Total number of shares Nominal value Share capital Voting rights
Ordinær 171,522,305 0.01 1,715,223.05 Yes
Sum:

§ 5-17 Generally majority requirement
requires majority of the given votes

§ 5-18 Amendment to resolution
Requires two-thirds majority of the given votes
like the issued share capital represented/attended on the general meeting