At the extraordinary general meeting of Midsummer AB (publ) (“Midsummer” or the “Company”), on 24 January 2023 (the “EGM”), the following was resolved. The minutes from the EGM will be available on the website of Midsummer, midsummer.se.
Approval of the board of directors’ resolution on a directed issue of shares
The EGM resolved to approve the board of directors’ resolution of 22 December 2022 on a directed issue of 1,658,536 shares to Murel Investment Construction Co., through Murel Energy Generation Co. Through the issue, the share capital increases by SEK 66,341.44. Murel Energy Generation Co. pays approximately SEK 20.4 million for the shares
Authorization for the board of directors to resolve on a directed issue of convertible bonds
The EGM resolved, in accordance with the board of directors’ proposal, to authorize the board of directors to resolve, during the period up until the annual general meeting in 2023, on a directed issue of convertible bonds. The convertible loan shall have a maximum nominal amount that corresponds to gross issue proceeds of SEK 300 million and shall at full conversion be within the limits of the share capital, as set forth in the articles of association.
Authorization for the board of directors to resolve on new share issue
The EGM resolved, in accordance with the board of directors’ proposal, to authorize the board of directors to resolve, during the period up until the annual general meeting in 2023, on one or more occasions, on issues of shares with or without deviation from the shareholders’ preferential right. The number of shares to be issued by virtue of the authorization shall not exceed 20 percent of the company’s registered share capital and total number of votes as per the time of the first resolution on issue of shares by virtue of the authorization.
Amendments of the articles of association
The EGM resolved, in accordance with the board of directors proposal, to amend the articles of association by adjusting the minimum and maximum limits of the share capital to SEK 2,700,000 and 10,800,000, respectively, and the minimum and maximum number of shares to 67,500,000 and 270,000,000, respectively. Through further amendments to the articles of association, the possibility for the Company to collect powers of attorney and to allow postal voting was introduced as well as the possibility to, besides the place of the company’s registered office, hold general meetings in Järfälla.
Link to pictures and other press material: Press – Midsummer.
For additional information, please contact:
Head of Communications, Midsummer
Tel: + 46 70 341 46 53
Midsummer is a Swedish solar energy company that develops and markets equipment for the production of thin film solar cells and also manufactures, sells and installs solar roofs. The solar cells are of CIGS technology and thin, light, flexible, discreet and with a minimal carbon footprint compared with other solar panels.
The solar roofs are produced in Sweden using the company’s own unique DUO system which has taken the position as the most widespread manufacturing tool for flexible CIGS solar cells in the world. The Company’s shares (MIDS) are traded on Nasdaq First North Premier Growth Market with G&W Fondkommission as Certified Adviser, tel: +46 8 503 000 50, e-mail: email@example.com. Please see midsummer.se