Bulletin from the extraordinary general meeting in Kollect on Demand Holding AB (publ) on 27 March 2024
Extraordinary general meeting in Kollect on Demand Holding AB (publ) (the “Company”) was held today on 27 March 2024, at the premises of Eversheds Sutherland Advokatbyrå, Sveavägen 20 in Stockholm. The following main resolutions were passed with the required majority.
Resolution on acquiring all shares in Mashup Plc. (related party transaction)
The general meeting resolved, in accordance with the board of directors’ proposal, to approve the acquisition of all shares in Mashup Plc. reg. no. 575192 ("Mashup").
As stated in the Company's press release on 23 February 2024, the Company has entered into a share purchase agreement with the shareholders of Mashup regarding the acquisition of all 15,100,000 shares in Mashup in exchange of issuing 50,133,986 shares in the Company. The share purchase agreement is conditional upon, inter alia, that (i) the extraordinary general meeting approves the acquisition and the issue in kind as described below and that (ii) the shareholders in Mashup are granted an exemption from the mandatory bid requirement from the Swedish Securities Council, which was granted on 12 March 2024.
Resolution on amendment of the articles of association
The general meeting resolved to amend the articles of association in accordance with the below.
| Current wording | Proposed wording |
| Aktiekapital och antal aktier / Share capital and number of shares Aktiekapitalet utgör lägst 1 250 000 kronor och högst 5 000 000 kronor. Antalet aktier ska vara lägst 5 000 000 stycken och högst 20 000 000 stycken. The share capital shall be not less than SEK 1,250,000 and not more than SEK 5,000,000. The number of shares shall be not less than 5,000,000 and not more than 20,000,000. | Aktiekapital och antal aktier / Share capital and number of shares Aktiekapitalet utgör lägst 14 750 000 kronor och högst 59 000 000 kronor. Antalet aktier ska vara lägst 59 000 000 stycken och högst 236 000 000 stycken. The share capital shall be not less than SEK 14,750,000 and not more than SEK 59,000,000. The number of shares shall be not less than 59,000,000 and not more than 236,000,000. |
Resolution to approve the board of directors’ decision on 23 February 2024 to carry out an issue in kind
The general meeting resolved to approve the board of directors’ decision on 23 February 2024 to carry out an issue in kind of not more than 50,133,986 shares, entailing an increase in the Company's share capital with a maximum of SEK 12,528,497. The reason for carrying out the issue in kind is due to the acquisition of all shares in Mashup. The right to subscribe for the shares belongs to the shareholders in Mashup.
Kollect on Demand Holding AB (publ)
The board of directors