Bio-Works Technologies

The meeting adopted the income statement and balance sheet and the consolidated income statement and consolidated balance sheet for the financial year 2022.

The meeting resolved that no dividend shall be paid for the financial year 2022.

The meeting granted the board members and CEO discharge from liability for the financial year 2022.

The meeting resolved that the number of board members shall be four and re-elected Peter von Ehrenheim, Kirsti Gjellan, Peter Nählstedt and Johan Sedihn. Peter von Ehrenheim was re-elected as chairman of the board. The meeting resolved that directors’ fees of SEK 260,000 shall be paid to the chairman of the board and SEK 130,000 to each of the other directors not employed by the company. In addition to director fees’, no fees shall be paid for work in the board’s committees.

Öhrlings PricewaterhouseCoopers AB was re-elected as auditor. Leonard Daun will continue as the auditor in charge. The auditor's fee shall be paid in accordance with approved account.

In accordance with the board’s proposal, the meeting resolved to introduce a long-term warrant-based incentive program, for senior executives and key employees. The meeting resolved on an issue of a maximum of 200,000 warrants for this purpose. The warrants are issued at a price corresponding to the warrants' market value at the time of subscription calculated according to the Black & Scholes' model. The subscription price per share shall correspond to 125 percent of the volume-weighted average price paid for the company's share during a period of time after the meeting. Each warrant entitles the holder to subscribe for one new share in the company during the period 1 June 2026 – 30 June 2026. If all warrants are utilized for subscription, 200,000 new shares may be issued, corresponding to a dilution of approximately 0.57 percent of the total number of shares and votes in the company. The purpose of the program is, i.a., to encourage shareholding among senior executives and key employees, to increase their motivation to achieve or exceed the company's financial targets and to retain and recruit important people.

The meeting also resolved, in accordance with the board’s proposal, to insert a new paragraph in the articles of association to enable the board to collect power of attorneys and to allow postal voting prior to annual general meetings.

The meeting resolved, in accordance with the board’s proposal, to authorize the board for the period until the next annual general meeting, on one or more occasions, with or without preferential rights for shareholders, to decide on issue of new shares. The authorization includes shares corresponding to a maximum of ten (10) percent of the total number of issued shares in the Company at the time when the board first utilizes the authorization. The purpose of the authorization is to increase the company’s financial flexibility and the board’s margin for manoeuvre. If the board decides to issue shares with deviation from the shareholders' preferential rights, the reason shall be to broaden the owner circle, raise working capital, acquire companies or businesses or to acquire capital for such acquisitions.

The annual general meeting minutes, including complete resolutions, will shortly be published on the company’s website.