Report from extraordinary general meeting in OXE Marine AB (publ) on 28 June 2021
The extraordinary general meeting of OXE Marine AB, held on June 28, 2021, approved a new long-term incentive program for senior executives, replacing the previous warrant program from April 16, 2021. This adjusted program has a maximum dilutive effect of approximately 1.5 percent. All resolutions were made per the proposals presented before the meeting, now accessible on the company's website. OXE Marine is known for its innovative OXE Diesel, the world's first high-power diesel outboard engine, which has gained significant demand globally.
- Approval of a new long-term incentive program for executives.
- The adjusted program aims to enhance executive performance and retention.
- High demand for OXE Diesel engines indicates strong market presence.
- Maximum dilutive effect of approximately 1.5 percent could affect existing shareholders.
STOCKHOLM, June 28, 2021 /PRNewswire/ -- The extraordinary general meeting resolved on an adjusted long-term incentive program for senior executives in accordance with the board of directors' proposal. The new program replaces the warrant program resolved by the annual general meeting on 16 April 2021 and has a maximum dilutive effect of approx. 1.5 percent.
All resolutions were made in accordance with the proposals presented before the meeting. The complete proposals are published on the company's website www.oxemarine.com.
Certified Adviser
FNCA Sweden AB is Certified Adviser for OXE Marine AB (publ). Contact details to FNCA Sweden AB: tel. +46 8 528 00 399, e-mail info@fnca.se.
For further information, please contact:
Myron Mahendra, CEO, myron.mahendra@oxemarine.com, +46 76 347 59 82
Anders Berg, Chairman of the board, anders.berg@oxemarine.com, +46 70 358 91 55
OXE Marine AB (publ) (NASDAQ STO: OXE), (OTCQX: CMMCF) has, after several years of development, constructed the OXE Diesel, the world's first diesel outboard engine in the high-power segment. The Company's unique patented engine-to-propulsion power transmission solutions have led to high demand for the Company's engines worldwide.
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The following files are available for download:
OXE Marine - Report from EGM 28 June 2021 |
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SOURCE OXE Marine AB
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