Starbreeze AB - Resolutions at Annual General Meeting 2022

2022-05-12 15:00:00

Resolutions at Starbreeze's Annual General Meeting 2022

STOCKHOLM, SWEDEN 12 May 2022 - At the Annual General Meeting (AGM) which was held today on 12 May 2022, the below principal resolutions were passed. For complete information about all resolutions at the AGM, please see the Company's website www.starbreeze.com/investor-relations/corporate-governance/meetings-events.

Annual accounts and discharge from liability

The AGM adopted the consolidated income statement and consolidated balance sheet and granted the members of the Board of Directors and the CEO discharge from liability for the financial year of 1 January-31 December 2021.

Dividend

The AGM resolved that no dividend would be distributed for the financial year of 1 January-31 December 2021.

Election of directors, Chairman of the Board and auditor

The AGM elected Torgny Hellström, Mike Gamble, Anna Lagerborg, Thomas Lindgren and Kerstin Sundberg as ordinary directors, in accordance with the Nomination Committee's proposal. Torgny Hellström was re-elected as Chairman of the Board of Directors.

The AGM re-elected the authorized audit firm Öhrlings PricewaterhouseCoopers AB as the statutory auditor with authorized public accountant Alexander Lyckow as auditor in charge.

Directors' fees and remuneration to the auditor

The AGM approved the proposed yearly fees to the Board of Directors as follows: SEK 650,000 to the Chairman of the Board, SEK 260,000 each to non-executive directors, SEK 175,000 to the Chairman of the Audit Committee and SEK 65,000 to a member of the Audit Committee and SEK 50,000 to the Chairman of the Remuneration Committee and SEK 40,000 to a member of the Remuneration Committee.

Additionally, the AGM resolved that the remuneration to the auditor shall be paid in accordance with the approved invoice.

Approval of Remuneration Report

The AGM approved the Board of Directors' report regarding remuneration pursuant to Chapter 8, Section 53 a of the Swedish Companies Act .

Authorization for the Board of Directors to decide to issue new shares

The AGM resolved to authorizes the Board of Directors to, on one or several occasions and until the end of the next AGM, with or without deviation of the shareholders' preferential rights, resolve to issue new shares of class B, or convertible bonds or warrants entitling to shares of class B, corresponding to no more than ten (10) per cent of the total number of outstanding shares in the Company on the date when the authorization is utilized for the first time, against payment in cash, through set off or payment in kind. The purpose of the authorization and reason for any deviation from the shareholders' preferential rights is that the Company shall be able to issue shares or other instruments in connection with acquisition of companies or businesses as well as to be able to execute issues with deviation from the shareholders' preferential rights for the purpose of raising funds to the Company, for example in connection with financing of game production. The issue price may not be lower than a fair market price.

For more information, please contact:

Torgny Hellström, Chairman of the Board of Directors

torgny.hellstrom@starbreeze.com

The information was submitted for publication through the agency of the contact person set out above on 12 May 2022 at 15:00 CEST.

About Starbreeze

Starbreeze is an independent developer & creator of PC and console targeting the global market, with studios in Stockholm, Barcelona and Paris. Housing the smash hit IP PAYDAY, Starbreeze develops games based on proprietary and third-party rights, both in-house and in partnership with external game developers. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). For more information, please visit starbreeze.com

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