6 May 2021, the Annual General Meeting (AGM) of Aspire Global adopted the Consolidated Financial Statements for the 2020 fiscal year, discharged the Board of Directors and CEO from liability and re-elected the Board of Directors and the Chairman until the end of the next AGM.
VENUE FOR THE AGM AND ELECTORAL REGISTER
Aspire Global’s Annual General Meeting 2021 took place at Aspire Global’s Head Office in Malta. Due to the current pandemic, shareholders participated remotely while formal attendance and voting was done by proxy. The meeting was attended by shareholders holding a total of 7,550,018 shares, which represents 16.25% of the issued share capital and votes in the company. Also the attending Board members participated remotely.
CONSOLIDATED FINANCIAL STATEMENTS AND DISCHARGE FROM LIABILITY
The AGM resolved to adopt the Consolidated Financial Statements for the 2020 fiscal year and to discharge the Board of Directors and CEO from liability.
DIVIDEND
The meeting resolved not to declare any dividends for the 2020 fiscal year, in accordance with the Consolidated Financial Statements of the company for the 2020 fiscal year, and the recommendation as set forth in the Annual Report.
THE BOARD OF DIRECTORS – MEMBERS AND FEES
The meeting resolved that the number of Board members should be four. Current Board members Carl Klingberg (Chairman), Fredrik Burvall, Aharon Aran and Barak Matalon were re-elected as Board members for the period until the end of the next annual general meeting. Carl Klingberg was re-elected as Chairman of the Board.
The meeting also resolved on the fees for the Board and the Chief Executive Officer, which remained the same as last year: the aggregate amount for one year payable to the Board members for carrying out their duties shall not exceed €300,000 while the aggregate gross amount for one year payable to Tsachi (Isaac) Maimon for his duties as CEO of the Company shall not exceed €600,000 (base salary and variable remuneration).
AUDITOR – ELECTION AND FEES
The meeting re-elected current auditor BDO for the period until the end of the next annual general meeting and approved the Board’s proposal according to which the auditor’s fees shall be payable in accordance with approved invoices.
FIRST AND SECOND EXTRAORDINARY RESOLUTIONS WITHDRAWN
The First Extraordinary Resolution (item 16): Approval of two new share options pools for up to 700,000 ordinary shares equivalent to around 1.51% of the outstanding shares of the Company, and the Second Extraordinary Resolution (item 17) Approval of extension to the expiry dates of the 2017-2022 employees’ and directors’ options plans, were withdrawn in their entirety. The Board noted that, due to the low percentage of shares represented at the AGM as a result of third-party technical errors, it considered it prudent for the two proposals included in items 16 and 17 to be decided upon by a more representative number of shares, due to their considerable importance to the Company. The Board reserved its right to propose the same items under the same or an amended form for consideration and resolution by the shareholders at another general meeting at a later date. The annual general meeting unanimously resolved to approve the agenda as amended.
Origin Source: Official Website Aspire Global
