Net Entertainment Annual General Meeting
At Net Entertainment NE AB’s annual general meeting on Thursday April 24, 2014
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 2013. Please 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 2013. The meeting decided to reelect Vigo Carlund,
Fredrik Erbing, Mikael Gottschlich, Peter Hamberg, Pontus Lindwall, 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 600,000
for the chairman and SEK 250,000 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
70,000. Remuneration for the auditor shall be in accordance with approved
invoice.
Nominating Committee
The AGM decided that the nominating committee shall be formed during October
2014 after consultation with the largest shareholders as per August 31 2014.
The mandate period shall run from the release of the interim report for the
third quarter 2014 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 3.00 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
May 5, 2014 and the record day for repurchase of redemption to be May 23, 2014.
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;
Maria Hedengren, CFO Net Entertainment; Phone +46 8 57 85 45 00
maria.hedengren@netent.com
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
www.netent.com.