STOCKHOLM, June 30, 2023 /PRNewswire/ -- Today, on
June 30, 2023, the annual general
meeting of Eco Wave Power Global AB (publ) ("Eco Wave Power"
or the "Company") was held. Below is a summary of the
resolutions passed at the annual general meeting (all in accordance
with the proposals presented in the notice to attend the meeting
kept available at the Company's website www.ecowavepower.com).
The annual general meeting resolved:
- to adopt the profit and loss statement and balance sheet for
the financial year 2022;
- that the Company's result should be carried forward in new
account and that no dividend shall be paid for the financial year
2022;
- to grant the board members and the CEO of the Company discharge
from liability for the financial year 2022;
- that the board of directors shall consist of five (5) ordinary
members without deputy members for the period until the end of the
next annual general meeting. Furthermore, it was resolved that a
registered accounting firm should be elected as auditor;
- that the fees payable to the board of directors for the period
until the end of the next annual general meeting shall amount to a
total of SEK 900,000, out of which
SEK 300,000 shall be paid to the
chairman of the board of directors and SEK
200,000 to each of the ordinary members. It was further
resolved that no board fee shall be paid to Inna Braverman;
- that the Company's auditor is to be paid in accordance with
approved quotes and invoices;
- to re-elect Mats Andersson,
David Leb, Annath Abecassis and
Inna Braverman and to new-elect
Gilles Amar as ordinary board
members for the period until the end of next annual general
meeting. The meeting also resolved to re-elect Mats Andersson as chairman of the board of
directors until the end of next annual general meeting. Further,
the auditing firm PriceWaterhouseCoopers AB was new-elected as
auditor for the Company until the end of next annual general
meeting. It was further noted that the auditor has notified that
Anna Rozhdestvenskaya will act as a chief auditor;
- an authorization for the board of directors to increase the
share capital in accordance with the board of directors' proposal
from May 31, 2023;
- to change the articles of association in order to allow the
board of directors to collect proxies and enable postal voting in
accordance with the board of directors' proposal from May 31, 2023; and
- an authorization for the board of directors to, subject to
approval from the Swedish Financial Supervisory Authority, resolve
to purchase and transfer own shares of the Company in accordance
with the board of directors' proposal from May 31, 2023.
About Eco Wave Power Global AB (publ)
Eco Wave Power is a leading onshore wave energy technology
company that developed a patented, smart and cost-efficient
technology for turning ocean and sea waves into green electricity.
Eco Wave Power's mission is to assist in the fight against climate
change by enabling commercial power production from the ocean and
sea waves.
The Company is currently finalizing the construction of its grid
connected project in Israel, with
co-investment from the Israeli Energy Ministry, which recognized
the Eco Wave Power technology as "Pioneering Technology" and will
soon commence the installation of its newest pilot in AltaSea's
premises in the Port of Los
Angeles. The Company also holds concession agreements for
commercial installations in Europe
and has a total projects pipeline of 404.7MW.
Eco Wave Power received funding from the European Union Regional
Development Fund, Innovate UK and the European Commission's Horizon
2020 framework program. The Company has also received the "Global
Climate Action Award" from the United Nations.
Eco Wave Power's American Depositary Shares (WAVE) are traded on
the Nasdaq Capital Market.
Read more about Eco Wave Power at www.ecowavepower.com.
Information on, or accessible through, the websites mentioned above
does not form part of this press release.
For more information, please contact:
Inna Braverman, CEO
Inna@ecowavepower.com
+97235094017
The following files are available for download:
https://mb.cision.com/Main/18497/3798194/2165841.pdf Release
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