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Q-FREE – MINUTES FROM ANNUAL GENERAL MEETING 2013
The Board of Director’s annual report and the annual accounts for 2012 were approved unanimously. It was resolved that no dividends will be distributed for the financial year 2012.
Terje Christoffersen is re-elected, and is elected as new Chairman of the Board, for a period of two years. Charlotte Brogren is re-elected as member of the Board, for a period of two years. Thomas Falck is elected as new member of the Board, for a period of two years. Selma Kveim is elected as new member of the Board, for a period of two years.
The Board will after this consist of the following members:
– Terje Christoffersen (Chairman of the Board)
– Charlotte Brogren
– Thomas Falck
– Selma Kveim
– Jan Pihl Grimnes
– Sissel Lillevik Larsen (employee elected)
-Frank Aune (employee elected)
The Annual General Meeting approved the following Board Authorisations:
As part of the carrying out of the incentive program towards leading executives and key personnel, through the possibility to subscribe for shares in the company, the Board of Directors is authorized to increase the share capital with as much as NOK 769,500 (3%). The authorization is valid until the next ordinary General Meeting, but no longer than 30 June 2014.
In order to enable the Company to make use of any strategic potentials within the ITS sector, by way of acquisitions etc., The Board of Directors is given an authorisation to increase the share capital with as much as NOK 2,517,591.58 (10%). The authorisation shall be valid until the next annual General Meeting, but nevertheless no longer than 30 June 2014.
Enclosure: Minutes of the Annual General Meeting 2013
Oslo 22nd of May 2013.
For further information, please contact:
Ole Jørgen Fredriksen (+47 920 58 777)
Q-Free is a leading global supplier of products and solutions for Road User Charging and Advanced Transportation Management. The company has approximately 300 employees and is represented in 17 countries. Headquarter is based in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with the ticker QFR.
www.q-free.com
Twitter@QFreeASA