MTG reports on resolutions of AGM 2019.

Global Banking News-May 22, 2019-MTG reports on resolutions of AGM 2019

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Digital entertainment company Modern Times Group (MTG AB) reported on Tuesday that at the Annual General Meeting, held on 21 May 2019, it was resolved to re-elect board members David Chance, Simon Duffy, Gerhard Florin, Donata Hopfen and Natalie Tydeman, with Chance re-elected as chairman of the board.

Also, the AGM adopted the income statement and balance sheet and the consolidated income statement and the consolidated balance sheet for 2018. The board of directors and the CEO were discharged from liability for 2018.

In addition, the AGM resolved that retained earnings, the share premium reserve and the result for the year, a total of approximately SEK3,002m is to be carried forward.

Further, the Annual General Meeting resolved to approve the proposal for remuneration to the board and auditor and procedures for the nomination committee; to approve the guidelines for the remuneration to senior executives and to re-elect KPMG as auditor until the close of the 2020 Annual General Meeting, with Joakim Thilstedt continuing as auditor-in -charge.

Furthermore, the AGM resolved to adopt long-term incentive LTI 2019, comprising a long-term performance share plan for key employees in MTG and a long-term warrant plan for senior executives and certain key employees in MTG comprising a maximum of 450,104 warrants entitling to the same number of MTG Class B shares...

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