18.11.2021 11:58:53 CET | SPENN Technology A/S |
Notice to convene extra. general meeting

The board of SPENN Technology A/S, (the “Company”) hereby convenes, in accordance with §4 of the Company’s Articles of Association, an Extraordinary General Meeting to be held on Thursday 9 December, at 09 AM.

Due to Covid 19, the EGM will be digital in accordance with section 77, subsection of the Companies Act. §2, section 1, in accordance with §1 of Executive Order no. 2240 of 29 December 2020. There will be no physical attendance. Instructions for participation in the digital meeting will be available on the Company’s website in the form of a practical guide.

Agenda

1. Election of a meeting administrator
2. Election of a new board member
3. Proposal to add English as a group language
4. Proposal to introduce the (permanent) possibility of holding a fully electronic General Meeting
5. Proposal to remove the remuneration policy
6. Proposal to update the Company’s Articles of Association and purpose
7. Other issues

Ad 1 – Selection of meeting administrator
The board proposes the election of Peter Kierkegaard to administer the meeting.

Ad 2 – Election of a new board member
The Board nominates the candidate Petrus Johannes van der Walt for election to the Company’s Board of Directors in order to provide the Board with additional knowledge and skills in relation to the African market. Petrus Johannes van der Walt has extensive experience in banking in Africa, including as CEO of several African banks.

Petrus Johannes van der Walt is currently not holding other management positions in commercial enterprises.

Rune Glasø has agreed to resign from the Company’s board from the date Petrus Johannes van der Walt joins the board.

Ad 3 – Proposal to add English as a group language
The board proposes English as the group language and introducing the possibility of submitting annual reports and other reporting in English. Thus, the board proposes the following passage inserted in section 5 of the Articles of Association:

“In addition to Danish, the group also has English as a group language. General meetings and meetings of the Board can be held in Danish or English.

The company’s annual report and other reporting can be prepared and submitted in English.”

Ad 4 – Proposal to introduce the (permanent) possibility of holding a fully electronic general meeting
The Board of Directors proposes that the Board of Directors be authorized to decide whether general meetings are to be held fully or partially electronically, and that the decision be recorded in section 5 of the company’s Articles of Association by inserting the following passage:

“The board is authorized to decide that general meetings are held completely or partially electronically in accordance with §77 of the Companies Act. In this connection, the shareholders will be able to participate in the general meeting in a virtual forum, which the shareholder joins via his or her own connection. The board determines the detailed requirements for the electronic systems that are used at electronic general meetings.

Ad 5 – Proposal to abolish the remuneration policy
The Board of Directors proposes that the company’s remuneration policy should be repealed and that the board’s remuneration be concretely approved in future by the general meeting following a recommendation, while the board of directors determines the executive board’s remuneration. The proposal is made to ensure flexibility and the opportunity to promote the Company’s business development, and as the Board of Directors is already authorized in §9B of the Articles of Association by the General Meeting to implement an incentive program for the management and employees of the Company and its subsidiaries. The possible adoption of the proposal implies that § 15 of the Company’s articles of association will be deleted.

Ad 6 – Proposal to update the Company’s articles of association and purpose
The Board of Directors also proposes that the company’s purpose provision in §2 of the Articles of Association be updated to:

“The company’s purpose is independently, or through subsidiaries and business partners, to develop, produce, maintain, license sale of IT systems, consultancy, purchase and sale of shares, as well as participation in companies with related businesses. It is within the scope of the purpose to invest in companies that market, distribute and onboard customers, which increases demand for the software and IT systems – and companies that provide associated services or related business subject to the management’s discretion.”

At the same time, the Board of Directors proposes that the Company’s Articles of Association be updated so that the authorization in §9C of the Articles of Association is deleted, as this has been used and is thus no longer relevant.

Acceptance requirements
Proposal under agenda item 1, 2 and 5 can be adopted with a simple majority, while adoption of the proposals under section 3, 4 and 6 require the adoption of at least 2/3 of both the votes cast and of the part of the company capital that is represented at the general meeting.

The size of the company’s capital and the right to vote
Regarding the Company’s capital situation, it can be stated that the company’s capital is nominally DKK 239,088,084.9. Each nominal amount of DKK 0.1 gives the right to one vote at the general meeting.

The registration date is 2 December 2021.

Shareholders who hold shares in the Company on the registration date are entitled to attend and vote at the general meeting.

The shares held by the shareholder are calculated on the registration date on the basis of the listing of the shareholder’s shares in the owner’s register as well as notices of ownership received by the Company for entry in the owner’s register.

Participation is also conditional on the shareholder having registered in time and redeeming an access card as described below.

Access card and power of attorney
Every shareholder, or proxy, must have a virtual access card in order to participate in the general meeting. Such cards are issued as a link sent per e-mail. The general meeting will be held digitally via the “Google Meet” platform. There are no special technical requirements for using the following web browsers: Chrome, Firefox, Safari, and the latest version of Edge.

Access cards are issued to the person who, according to the register of owners, is listed as a shareholder on the registration date, or who the Company per the registration date has received proper notification from with a view to entry in the owner’s register.

The registration and power of attorney form can be downloaded directly from the Company’s website, investor.spenn.com, no later than 24 November 2021.

Requests for a virtual access card to the general meeting can be made until and including 3 December 2021 at 23.59 is requested via e-mail to [email protected]. After this time, access cards cannot be ordered. Shareholders who have not requested access cards will not have access to the general meeting. The request must include a duly completed registration form.

Any advisors must also issue an access card to the general meeting by mentioning their name and within the above-mentioned deadline.

Shareholders can – instead of casting their vote at the general meeting itself – choose to cast a postal vote. Shareholders who choose to vote per letter, must send their letter vote via e-mail to [email protected] or to: Bård Bjerkås, Spenn Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4, so that the letter vote is received no later than 8 December at 12.00. Postal votes cannot be revoked.

Every shareholder can attend the general meeting by proxy, who in that case must present a written and dated power of attorney. The proxy form can be found on the Company’s website: https://investor.spenn.com.

When submitting a power of attorney to the board, the completed and signed power of attorney form must be in the Company’s hands no later than 8 December at 12:00. The power of attorney can be sent to the Company by e-mail to [email protected] or to: Bård Bjerkås, Spenn Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4.

Additional information regarding the general meeting
The following material will be available on the Company’s website, investor.spenn.com, no later than 24 November 2021:

• Notice to convene an Extraordinary General Meeting
• A form for voting per letter and submission of power of attorney
• A registration form
• Articles of Association
• Practical guide for participation in digital general meetings

On behalf of the Company’s Board of Directors
Karl-Anders Grønland
Chairman of the board

About SPENN Technology A/S
In a world where 1.7 billion people are still unbanked, SPENN Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.

SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark. Ticker code: SPENN 

SPENN Technology A/S: Notice to convene EGM

18.11.2021

Bestyrelsen for SPENN Technology A/S, CVR-nr. 26 51 81 99 (”Selskabet”), indkalder hermed i henhold til § 4 i Selskabets vedtægter til ordinær generalforsamling, der afholdes torsdag den 9. december, kl. 09.00.

Generalforsamling afholdes grundet Covid 19 som en fuldstændig elektronisk generalforsamling efter selskabslovens § 77, stk. 2, 1. pkt., i overensstemmelse med § 1 i bekendtgørelse nr. 2240 af 29 december 2020. Der vil således ikke være adgang til fysisk fremmøde. Instruktioner til deltagelse i den virtuelle generalforsamling vil være at finde på Selskabets hjemmeside i form af en praktisk guide.

Dagsorden

1. Valg af dirigent
2. Valg af nyt bestyrelsesmedlem
3. Forslag om tilføjelse af engelsk som koncernsprog
4. Forslag om indførsel af (permanent) mulighed for afholdelse af fuldstændig elektronisk generalforsamling
5. Forslag om bortfald af vederlagspolitik
6. Forslag om opdatering af Selskabets vedtægter og formål
7. Eventuelt

Ad 1 – Valg af dirigent

Bestyrelsen foreslår valg af Peter Kierkegaard som dirigent.

Ad 2 – Valg af nyt bestyrelsesmedlem

Bestyrelsen indstiller kandidaten Petrus Johannes van der Walt til valg til Selskabets bestyrelse med henblik på at tilføre bestyrelsen yderligere viden og kompetencer i forhold til det afrikanske marked. Petrus Johannes van der Walt har omfattende erfaring med bankvirksomhed i Afrika, herunder som administrerende direktør i flere afrikanske banker.

Petrus Johannes van der Walt bestrider p.t. ikke ledelseshverv i andre erhvervsdrivende virksomheder.

Rune Glasø har accepteret at fratræde Selskabets bestyrelse fra den dato, som Petrus Johannes van der Walt måtte tiltræde Selskabets bestyrelse.

Ad 3 – Forslag om tilføjelse af engelsk som koncernsprog

Bestyrelsen foreslår valg af engelsk som koncernsprog og indførelse af muligheden for at aflægge årsrapporter og anden rapportering på engelsk. Bestyrelsen foreslår på denne baggrund følgende passus indsat i vedtægternes § 5 in fine:

”Koncernen har ud over dansk også engelsk som koncernsprog. Generalforsamlinger og møder i bestyrelsen kan afholdes på dansk eller engelsk.

Selskabets årsrapport og anden rapportering kan udarbejdes og aflægges på engelsk.”

Ad 4 – Forslag om indførsel af (permanent) mulighed for afholdelse af fuldstændig elektronisk generalforsamling

Bestyrelsen foreslår, at bestyrelsen bemyndiges til at beslutte, hvorvidt generalforsamlinger skal afholdes fuldstændig eller delvis elektronisk, og at beslutningen optages i Selskabets vedtægters § 5 ved indsættelse af følgende passus:

”Bestyrelsen er bemyndiget til at beslutte, at generalforsamlinger afholdes fuldstændig eller delvis elektronisk i overensstemmelse med selskabslovens §77. Aktionærerne vil i denne forbindelse kunne deltage i generalforsamlingen i et virtuelt forum, som aktionæren via egen opkobling tilslutter sig. Bestyrelsen fastsætter de nærmere krav til de elektroniske systemer, som anvendes ved elektronisk generalforsamling.”

Ad 5 – Forslag om bortfald af vederlagspolitik

Bestyrelsen foreslår, at Selskabets vederlagspolitik skal bortfalde, og at bestyrelsens vederlag fremadrettet konkret godkendes af generalforsamlingen efter indstilling, mens bestyrelsen fastsætter direktionens vederlag. Forslaget er stillet for at sikre fleksibilitet og mulighed for at fremme Selskabets forretningsmæssige udvikling, og idet bestyrelsen allerede i vedtægternes §9B er bemyndiget af generalforsamlingen til at implementere et incitamentsprogram for Selskabets og datterselskabers ledelse og ansatte. Forslagets eventuelle vedtagelse indebærer, at § 15 i Selskabets vedtægter vil udgå.

Ad 6 – Forslag om opdatering af Selskabets vedtægter og formål

Bestyrelsen foreslår ydermere, at Selskabets formålsbestemmelse i vedtægternes §2 opdateres til:

”Selskabets formål er selvstændigt eller gennem datterselskaber og samarbejdspartnere at forestå udvikling, fremstilling, vedligehold, licensering af salg af IT-systemer, konsulentvirksomhed, køb og salg af aktier samt deltagelse i selskaber med beslægtet virksomhed. Det ligger inden for formålet at investere i selskaber som markedsfører, distribuerer og skaffer kunder, som gør at den udviklede software og IT-systemer bliver yderligere efterspurgt og selskaber som yder associerede tjenester eller anden beslægtet virksomhed efter ledelsens skøn”

Bestyrelsen foreslår samtidigt, at Selskabets vedtægter opdateres således, at bemyndigelsen i vedtægternes §9C udgår, idet denne er udnyttet og dermed ikke længere af relevans.

Vedtagelseskrav

Forslag under dagsordenens pkt. 1, 2 og 5 kan vedtages med simpelt flertal, mens vedtagelse af forslagene under pkt. 3, 4 og 6 kræver vedtagelse af mindste 2/3 af såvel de afgivne stemmer som af den del af selskabskapitalen, som er repræsenteret på generalforsamlingen.

Selskabskapitalens størrelse og ret til at stemme

Om Selskabets kapitalforhold kan oplyses, at selskabskapitalen udgør nominelt DKK 239.088.084,9. Hvert nominelt beløb på DKK 0,1 giver ret til én stemme på generalforsamlingen.

Registreringsdatoen er den 2. december 2021.

Aktionærer, der besidder aktier i Selskabet på registreringsdatoen, har ret til at deltage i og stemme på generalforsamlingen.

De aktier, aktionæren besidder, opgøres på registreringsdatoen på baggrund af notering af aktionærens aktier i ejerbogen samt meddelelser om ejerforhold, som Selskabet har modtaget med henblik på indførsel i ejerbogen.

Deltagelse er endvidere betinget af, at aktionæren rettidigt har tilmeldt sig og løst et adgangskort som beskrevet nedenfor.

Adgangskort og fuldmagt

Enhver aktionær, eller fuldmægtig for en aktionær, skal have et virtuelt adgangskort for at kunne deltage i generalforsamlingen, der udstedes som et link sendt pr. e-mail. Generalforsamlingen vil blive afholdt virtuelt via systemet ”Google-meet”. Der stilles ikke særlige tekniske krav ved anvendelse af følgende webbrowsere: Chrome, Firefox, Safari, og nyeste version af Edge.

Adgangskort udstedes til den, der ifølge ejerbogen er noteret som aktionær på registreringsdatoen, eller som Selskabet pr. registreringsdatoen har modtaget behørig meddelelse fra med henblik på indførsel i ejerbogen.

Tilmeldings- og fuldmagtsblanket kan downloades direkte fra Selskabets hjemmeside, https://investor.spenn.com senest den 24. november 2021.

Anmodning om virtuelt adgangskort til generalforsamlingen kan indtil og med 3. december 2021 kl. 23.59 rekvireres via e-mail til [email protected]. Efter dette tidspunkt kan der ikke bestilles adgangskort. Aktionærer, der ikke har anmodet om at få udleveret adgangskort, vil ikke have adgang til generalforsamlingen. Anmodningen skal indeholde en behørigt udfyldt tilmeldingsblanket.

Eventuelle rådgivere skal ligeledes med navns nævnelse og inden for ovennævnte frist løse adgangskort til generalforsamlingen.

Aktionærer kan – i stedet for at afgive deres stemme på selve generalforsamlingen – vælge at afgive brevstemme. Aktionærer, der vælger at stemme pr. brev, skal sende deres brevstemme via e-mail til [email protected] eller til att: Bård Bjerkås, Spenn Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4, således at brevstemmen er Selskabet i hænde senest 8. december kl. 12.00. Afgivne brevstemmer kan ikke tilbagekaldes.

Enhver aktionær kan møde på generalforsamlingen ved fuldmægtig, der i så fald skal fremlægge skriftlig og dateret fuldmagt. Fuldmagtsblanket kan findes på Selskabets hjemmeside: https://investor.spenn.com.

Ved afgivelse af fuldmagt til bestyrelsen skal den udfyldte og underskrevne fuldmagtsblanket være Selskabet i hænde senest 8. december kl. 12.00. Fuldmagten kan sendes til Selskabet pr. e-mail til [email protected] eller til att: Bård Bjerkås, Spenn Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4.

Yderligere oplysninger vedrørende generalforsamlingen 

Følgende materiale vil være tilgængeligt på Selskabets hjemmeside, https://investor.spenn.com senest den 24. november 2021:

• indkaldelse til ekstraordinær generalforsamling
• blanket til stemmeafgivelse pr. brev og afgivelse af fuldmagt
• tilmeldingsblanket
• udkast til vedtægter
• praktisk guide til deltagelse i elektronisk generalforsamling

På vegne af Selskabets bestyrelse

Karl-Anders Grønland

Bestyrelsesformand