The AGM approved the income statement and the balance sheet for the company for the fiscal year 2019, and discharged the members of the Board and the CEO from liability for the fiscal year 2019.
Further, in accordance with the proposal submitted by the Nomination Committee, the AGM resolved that the Board of Directors shall consist of five ordinary Board members without deputy members. The Board will concist of the following members up to the AGM 2021:
In according with the Nominating Committee's proposal, the AGM resolved that the total fees paid to the Board, shall be 425
It was unanimously resolved to authorize the Board to make a resolution to issue new shares. A maximum of 1,750,000 new shares may thus be issued in the period up to the AGM in 2021. Such share issue can be made with or without deviation from the current shareholders' preferential rights. The share price shall be based on the market price at the time of the issue, with or without consideration taken to any possible market discount.
The AGM unanimously resolved to approve a directed issue of a maximum of 250,000 warrants, with the right to subscribe for new shares in the Company. The right to subscribe for the warrants will be added, with deviation from the shareholders' preferential rights,
For further information, contact:
Tel: 46 (0)708-55 34 34
E-mail: peter.mattisson@tctech.se
www.tctech.se
The information was submitted for publication, through the agency of the contact person set out above, at 8.00 C.E.T. on
About TC TECH
TC TECH develops, manufactures and sells systems used for the replication of nano-structures in polymer products. The company's business operations are based on an IPR-protected induction technology developed by TC TECH's own R & D team. The technology makes it possible to heat and cool different kinds of material - in very short time, and with very high precision. TC TECH focuses on the manufacturing industry for advanced plastic details in several application areas, such as Light Guide Plates (LPG) for displays, front lights, optical films, VR and microfluidics. TC TECH's technology facilitates the creation and use of more advanced patterns in volume production compared to what was previously possible. TC TECH offers complete systems that can be integrated into the customer's manufacturing chain.
The TC TECH share is listed on Nasdaq First North Growth Market.
https://news.cision.com/tc-tech-sweden-ab--publ-/r/press-release-from-tc-tech-sweden-ab-s-2020-annual-general-meeting,c3112588
https://mb.cision.com/Main/13421/3112588/1248152.pdf
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