Corporate News

Fri, 25 Nov 2016 15:00:00 GMT
Bulletin from Extraordinary General Meeting in Anoto Group AB

Lund, November 25, 2016 – At today’s Extraordinary General Meeting (the “AGM”) in Anoto Group AB (publ), the following main resolutions were adopted.

Resolution to approve the resolution by the Board of Directors to issue shares

The EGM resolved to approve the resolution by the Board of Directors as of 17 October 2016 to increase the share capital by a maximum of SEK 926,970, from SEK 49,801,549.36 to SEK 50,728,519.36, through the issue of up to 46,348,500 new shares. The subscription price per share is USD 0.0231348938 (corresponding to SEK 0.20 at the exchange rate of 8.64495141 for USD/SEK). With deviation from the shareholders’ preferential rights, the new shares may only be subscribed for by ABLE Investment Advisors Inc.

Resolution to implement an incentive scheme for senior executives

The EGM resolved to adopt an incentive scheme for senior executives employed within the Group as described below. The incentive scheme means that the participants, free of charge, will be allocated stock options. The options will vest by one third per year over the term of the scheme and the vesting of the options is contingent on that the participant has been employed by the Anoto Group for at least 12 months from the date of grant of the options. The options can be exercised to purchase shares in the Company no later than on 31 December 2019. Each option entitles the participant to purchase one share in Anoto Group AB at a price equal to 150 per cent of the average closing price of the Company's shares on Nasdaq Stockholm during the period from 26 October 2016 up to and including 25 November 2016. The incentive scheme comprises a maximum of 51,760,000 stock options, representing approximately 2.0 percent of the share capital and votes after dilution, based on the current number of shares in the Company and including the additional 259,348,500 new shares resolved by the Board of Directors on 17 October 2016. The maximum number of stock options to be allocated to each of the senior executives shall be 15,000,000 stock options.

Resolution to issue stock options to Board member

The EGM resolved to approve the allocation of 6,000,000 stock options to the Board member Henric Ankarcrona, representing approximately 0.24 percent of the share capital and votes after dilution, based on the current number of shares in the Company including the additional 259,348,500 new shares resolved on 17 October 2016. The incentive scheme means that the participant, free of charge, will be allocated stock options. The options will vest by one third per year over the term of the scheme and the vesting of the options is contingent on that the participant is or has been a Board member of the Company, or at least available for re-election as a Board member, for at least 12 months from the date of allocation of the stock options. The options can be exercised to purchase shares in the Company no later than on 31 December 2019. Each option entitles the participant to purchase one share in Anoto Group AB at a price equal to 150 per cent of the average closing price of the Company's shares on Nasdaq Stockholm during the period from 26 October 2016 up to and including 25 November 2016.

Resolution to authorise the Board of Directors to issue warrants

To ensure delivery of shares to participants in the incentive schemes described under items above, and to cover any social security costs related to the incentive scheme, the EGM resolved to authorise the Board of Directors to resolve, on one or more occasions until the next Annual General Meeting, to issue up to 57,760,000 warrants, representing approximately 2.2 percent of the share capital and votes after dilution, based on the current number of shares in the Company including the additional 259,348,500 new shares resolved on 17 October 2016.

Resolution to authorise the Board of Directors to issue new shares and/or convertible bonds

The EGM resolved to authorise the Board of Directors to resolve, on one or several occasions during the period until the next Annual General Meeting, with or without deviation from the shareholders’ preferential rights, against cash payment, for payment in kind or by way of set-off, to issue shares and/or convertible bonds that involve the issue of or conversion into a maximum of 507,000,000 shares, corresponding to a dilution of approximately 20.0 percent of the share capital and votes, based on the current number of shares in the Company including the additional 259,348,500 new shares resolved on 17 October 2016.

For further information, please contact:

Jörgen Durban, Chairman, telephone +46 46 540 12 00

For more information about Anoto, please visit www.anoto.com or email ir@anoto.com

Anoto Group AB (publ) Reg.No. 556532-3929, Mobilvägen 10, SE- 223 62 Lund Tel. +46 46 540 12 00

This information is information that Anoto Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16:00 a.m. CET on November 25, 2016.

About Anoto Anoto is a global leader in digital writing and drawing solutions. Its technology enables high-precision pen input on nearly any surface. Anoto is present around the world through a global network of strategic licensing partners that deliver user-friendly writing and drawing solutions for effective collection, transfer and storage of data. Anoto is traded on the Small Cap list of Nasdaq Stockholm under ANOT.


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