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DDM Holding AG
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DDM Debt AB
Report from the Annual General Meeting of Shareholders of DDM Holding AG
DDM Holding AG (First North: DDM), (the “Company”), held its Annual General Meeting (the “AGM”) today, 23 May 2018, in Zug, Switzerland. A summary of a selection of the AGM resolutions is presented below.
Minutes of the AGM
The minutes of the AGM, including a complete account of all resolutions taken, are expected to be posted on the Company’s website http://ddm-group.ch/investors within a few days.
Conditional Share Capital
As proposed by the board of directors, today’s AGM resolved on the amendment of the conditional share capital, which may be utilized in connection with the implementation of share option plans, has been approved.
Approval of the Annual Report, the Statutory Financial Statements and the Consolidated Financial Statements 2017
Following the board of directors’ proposal, the AGM approved the annual report, the statutory financial statements and the consolidated financial statements 2017.
Appropriation of Available Earnings 2017
The AGM resolved to allocate 5% of the profit at the disposal of the shareholders to statutory retained earnings and to carry forward the remainder of the profit of CHF 693’871 (EUR 600’297).
Election of Board Members
Torgny Hellström, Fredrik Waker, Erik Fällström and Mikael Nachemson were re-elected as members of the board of directors. No new members of the board of directors were elected. The elections are each for a term of one year ending after completion of the next annual general meeting.
Election of the Chairman
Following the board of directors’ proposal, the AGM elected Torgny Hellström as chairman of the board of directors for a term of one year ending after completion of the next annual general meeting.
Election of the Remuneration Committee
Torgny Hellström and Erik Fällström were elected as members of the remuneration committee, each for a term of one year ending after completion of the next annual general meeting.
Re-Election of the Independent Proxy
Dr. Florian S. Jörg, attorney-at-law, was re-elected as independent proxy for a term of one year ending after completion of the next annual general meeting.
Re-Election of the Statutory Auditors
PricewaterhouseCoopers AG (CHE‑434.873.063), Luzern, was re-elected as the statutory auditors for the business year 2018.
Consultative Vote on the Compensation Report 2017
The AGM approved, on a consultative basis and as proposed by the board of directors, the compensation report 2017.
Compensation of the Members of the Board of Directors and the Executive Management
The AGM resolved, in accordance with the proposal of the board of directors, that the remuneration of the board of directors shall not exceed a maximum of CHF 1’000’000 for the period until the end of the 2019 annual general meeting and approved the compensation of the members of the executive management for the business year 2019 with a maximum aggregate amount of fixed compensation of CHF 1’200’000 and a maximum aggregate amount of CHF 1’300’000 as variable compensation for the business year 2018.
This is information which DDM Holding AG 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 below, at 10:15 CEST on 23 May 2018.