Disposition of the company's results
The disposition of the company's results proposed by the Board was adopted by the Annual General Meeting. This means that the amount available to the Annual General Meeting, totaling
Discharge from liability for the Board members and the Managing Director
The Annual General Meeting resolved to discharge the Board members and the Managing Director from liability for their administration during the financial year 2019.
Remuneration
The Annual General Meeting resolved on remuneration to the Board in the amount of
Election of Board members and auditor
Lars Adlersson,
Principles for the Nominations Committee
The Annual General Meeting resolved, in accordance with the proposal put forth by the Nominations Committee, to continue (in accordance with previously applicable principles) to have a Nominations Committee with the task of presenting the Annual General Meeting with proposed resolutions regarding number of Board members, Board remuneration, the Chairman of the Board and each of the other directors of the Board, Chairman of the Annual General Meeting and auditor and remuneration to the auditor. The complete proposal, which was approved by the Annual General Meeting, is available on the website of the company (www.irlab.se).
Guidelines for remuneration for senior executives of the company
The Annual General Meeting resolved on guidelines for senior executives in accordance with the Board's proposal after a minor editorial adjustment. The guidelines mainly stipulated that senior executives shall be offered marked-based compensation.
The complete proposal, approved by the Annual General Meeting, is available on the website of the company (www.irlab.se).
Authorization of the Board to issue series A shares
The Annual General Meeting resolved in accordance with the Board's proposal to authorize the Board to, on one or more occasions up until the next Annual General Meeting, resolve on new issue of series A shares with payment in cash and/or with terms regarding set-off or issue in kind, with or without deviation from the shareholders' pre-emptive rights. Any new issues shall take place at a market-based subscription price determined by the Board in consultation with the company's financial advisors, taking into consideration any marketable issue-discount.
The complete proposal which was approved by the Annual General Meeting, is available on the website of the company (www.irlab.se).
The number of series A shares that may be issued may not exceed 6,500,000 shares which corresponds to a reduced ownership interest for non-participating shareholders (dilution) amounting to approximately 11.8 percent or an increase of the current number of outstanding shares with slightly less than 13.4 percent.
For more information
Phone: +46 730 75 77 01
E-mail: nicholas.waters@irlab.se
Viktor Siewertz, CFO
Phone: +46 727 10 70 70
E-mail: viktor.siewertz@irlab.se
IRLAB is a Swedish research and development company that focuses on developing novel treatments in Parkinson's disease. The company's most advanced candidates, mesdopetam (IRL790) and IRL752, both of which completed Phase IIa-studies, intends to treat some of the most difficult symptoms related to Parkinson's disease: involuntary movements (PD-LIDs), psychosis (PD-P) and symptoms linked to cognitive decline such as impaired balance and increased risk of falls (PD-Falls). Through the proprietary research platform, ISP (The Integrative Screening Process), IRLAB discovers and develops drug candidates for central nervous system (CNS) related disorders where large and growing medical need exist. In addition to the clinical candidates, the ISP platform has also generated several CNS programs that are now in preclinical phase. IRLAB's Certified Adviser on Nasdaq First North is
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https://mb.cision.com/Main/15440/3106247/1243981.pdf
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