At Net Entertainment NE AB’s annual general meeting on Wednesday April 18, 2012
the following was resolved.
Adoption of financial statements and dividend
The meeting adopted the income statement and balance sheet along with the
consolidated income statement and balance sheet and resolved that no dividend
is to be paid for the financial year 2011. Also view the section splitting of
shares and automatic redemption procedures below.
Board of Directors
The Board of Directors and the President and CEO were discharged from liability
for the financial year 2011. The meeting decided to reelect Vigo Carlund,
Fredrik Erbing, Mikael Gottschlich, Peter Hamberg and Pontus Lindwall and new
election of Michael Knutsson and Maria Redin. Vigo Carlund was elected chairman
of the Board. It was decided that remuneration for the Board of Directors shall
be SEK 580,000 for the chairman and SEK 240,000 for each of the members of the
board elected by the annual general meeting who are not employees of the
company and addition thereto, remuneration to the chairman of the audit
committee shall be SEK 60,000. Remuneration for the auditor shall be in
accordance with approved invoice.
The AGM decided that the nominating committee shall be formed during October
2012 after consultation with the largest shareholders as per August 31 2012.
The mandate period shall run from the release of the interim report for the
third quarter 2012 until the next nominating committee is formed.
The chairman of the Board of Directors shall be a member of the nominating
committee and is responsible for summoning the nominating committee. In
addition to the chairman of the Board of Directors, the nominating committee
shall consist of three members.
Guidelines for remuneration to senior executives
The meeting resolved to adopt the Board of Director’s proposal regarding
guidelines for remuneration to senior executives.
Splitting of shares and automatic redemption procedures
The meeting resolved to adopt the proposal regarding splitting of shares and
automatic redemption procedures, entailing a value transfer to the shareholders
corresponding to SEK 2.00 per share. During the meeting following the general
meeting the Board of Directors resolved, in accordance with the mandate from
the general meeting, determined the record day for splitting of shares to be
April 26, 2012 and the record day for repurchase of redemption to be May 18,
Decision on authorization for the Board of Directors to decide on issuing new
The meeting resolved to adopt the proposal regarding an authorization for the
Board of Directors to decide on issuing new shares with the adjustment that no
discount on the subscription price may be given.
Decision on introduction of incentive programs
The meeting resolved to adopt the proposal regarding the introduction of
The complete resolutions
The minutes for the annual general meeting including the complete resolutions
as per above will be available shortly on the company’s website. In addition,
there is an information brochure regarding the splitting of shares and
automatic redemption procedures on the website www.netent.com/agm.
For additional information please contact;
Per Eriksson, CEO Net Entertainment; Phone +46 8 57 85 45 00
About Net Entertainment
Net Entertainment is a premium supplier of digitally distributed gaming systems
used by some of the world’s most successful online gaming operators. The Net
Entertainment casino is a complete gaming solution comprising both a complete
management platform and a full suite of high quality games. Operators are
provided a customized casino that is easily integrated ensuring short time to
market and a cost efficient operation. Net Entertainment is listed on Nasdaq
OMX Stockholm (NET-B). More information about Net Entertainment is available at