Annual General Meeting Bulletin 2020

Diverse business people in a meeting

Stockholm, Sweden – 30 June 2020, Cyber Security 1 AB (Publ) (“Cyber1” or the “Company”), (Nasdaq: CYB1, OTCQX: CYBNY), a leading supplier of cyber security solutions with operations in Europe, Africa and the Middle East, announces that the 2020 annual general meeting (the “AGM”) of Cyber Security 1 AB (publ) was held on 30 June 2020 by way of postal voting procedure.

The following resolutions were made at the AGM:

Adoption of the Financial Statements and the Annual Report for 2019

The AGM of Cyber Security 1 AB (publ) resolved to adopt the submitted income statement and balance sheet.

The AGM also adopted the proposed allocation of the Company’s, entailing that no dividend will be distributed for 2019.

Discharge of Directors and CEO from liability for the financial year 2018

The shareholders represented at the AGM, voted to discharge all directors and the Company’s CEO from liabilities for the management of the Company’s affairs for the financial year of 2019.

Determination of the number of directors of the board and auditors, election of a new board of directors, auditors and decision on fees to directors and auditors

The AGM resolved that the number of directors of the board, for the time until the next annual general meeting, shall be six (6), without deputy directors.

It was resolved that the Company shall have one auditor, without deputy auditors.

The AGM resolved to re-elect directors: Antoine Karam, Thomas Bennett, Corné Melissen, Frank Kamsteeg, Robert Blase and Daryn Stilwell. Antoine Karam was elected as chairman or the board.

The AGM resolved to elect RSM Stockholm AB, with Malin Lanneborn as auditor-in-charge, for the time up until the next annual general meeting in the company.

It was resolved that fees for the Board of Directors would be as follows:

  • SEK 350,000, for the Chairman; and
  • SEK 300,000, for ordinary board members.


The auditors will be paid in accordance to current account.

Nomination Committee

The AGM resolved to adopt the proposed principles for establishing a nomination committee.

Authorisation of the Board of Directors to issue new shares, convertible instruments and warrants

The AGM resolved in accordance with the proposal, to authorise the board of directors, until next AGM, to issue, at one or more occasions, with or without deviation from the shareholders’ preferential rights and with the right to pay also in kind, by way of set-off, or with other conditions, new shares, convertibles instruments and/or warrants.

Resolution to amend the articles of association

The AGM resolved in accordance with the proposal, to amend the articles of association.

All resolutions from the AGM are set out in the minutes from the meeting, which will be available for download at


Cyber Security 1 AB (publ)

The board of directors

Investor Relations Contact:

Tim Metcalfe / Zach Cohen
CYBER1 Email:

Mangold Fondkommission AB is the Company’s Certified Adviser.
Telephone: +46 (0)8 503 015 50

CYBER1 is engaged in providing cyber resilience solutions and conducts its operations through physical presences in UK, Sweden, Kenya, South Africa, United Arab Emirates and the United States. Listed on Nasdaq First North Growth Market (Nasdaq: CYB1.ST), the Group delivers services and technology licenses to enhance clients’ protections against unwanted intrusions, to provide and enhance cyber resilience and to prevent various forms of information theft. CYBER1 had revenues of 68.73m EUR in 2019. For further information, please visit

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