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Bulletin from the Annual General Meeting in BioArctic AB (publ)

BIOA
  • BioArctic AB (publ) held its Annual General Meeting in Stockholm on 28 May 2026, adopting the 2025 income statement & balance sheet.
  • The meeting resolved to pay a dividend of SEK 2 per share with a record date of 1 June 2026.
  • The board of directors & CEO were discharged from liability for the financial year 2025.
  • Ordinary board members Eugen Steiner, Cecilia Edström, Anna-Lena Engwall, Lars Lannfelt, Lotta Ljungqvist, & Mikael Smedeby were re-elected, while Philip Scheltens & Linda Nilsson were elected as new members for a term until the next Annual General Meeting.
  • Eugen Steiner was re-elected as chairperson of the board of directors.
  • Board remuneration was set at SEK 875,000 for the chairperson, SEK 315,000 for other ordinary members not employed by the company, with specific fees allocated for committee chairs & members.
  • Öhrlings PricewaterhouseCoopers AB (PwC) was re-elected as auditor for the term until the next Annual General Meeting, with Niclas Bergenmo as the auditor in charge.
  • The remuneration report for the financial year 2025 was approved.
  • The board was authorized to issue new shares, warrants, &/or convertibles until the next Annual General Meeting, with a cap on share capital increase of 10 percent & flexibility regarding pre-emption rights.
  • A three-year incentive program was introduced for employees, offering up to 235,000 performance-based share units (PSUs) contingent on employment tenure, total shareholder return (TSR), operational targets, & sustainability targets.
  • The TSR condition requires a minimum 30 percent accumulated return on B-shares by 28 May 2029.
  • Hedging arrangements were approved to finance the incentive program, including the transfer of up to 235,000 B-shares, authorization to acquire up to 730,000 shares, & a directed issue of up to 309,000 warrants, resulting in a maximum dilution of 0.35 percent of shares & 0.13 percent of votes.
  • Updated guidelines for senior executive remuneration were adopted, allowing variable remuneration up to 150 percent of the CEO's fixed salary & 80 percent for other senior executives.