Press Releases

Bulletin from the Annual General Meeting in AAC Clyde Space AB (publ)

2020-06-02 AAC Clyde Space (publ)
The annual general meeting in AAC Clyde Space AB (publ) was held on Tuesday 2 June 2020 at the company's premises at Dag Hammarskjölds väg 48, SE-751 83, Uppsala, Sweden. The following resolutions, amongst others, were passed at the general meeting.

Adoption of the income statements and balance sheets, disposal of result, and resolution regarding discharge of liability
The annual general meeting resolved to adopt the income statement and balance sheet and the group's income statement and balance sheet for the financial year of 2019.

The annual general meeting resolved, in accordance with the board of director's proposal, that no dividend will be paid for the financial year of 2019.

The annual general meeting resolved to grant discharge of liability for the members of the board of directors and the managing director for the financial year of 2019.

Board of directors, auditors, and fees
In accordance with the nomination committee's proposal, the annual general meeting resolved that the board of directors shall consist of five ordinary members without deputies. Furthermore, the annual general meeting resolved to re-elect the board members Rolf Hallencreutz (chairman), Per Aniansson, Per Danielsson, Will Whitehorn and Anita Bernie as ordinary board members for the time until the next annual general meeting. The annual general meeting resolved on the re-election of the auditing company PricewaterhouseCoopers (PwC) as the company's auditor.

The annual general meeting resolved, in accordance with the nomination committee's proposal, that the fees for the board of directors for the time until the next annual general meeting shall amount to SEK 300,000 for the chairman of the board of directors and SEK 150,000 for each ordinary member of the board of directors. Fees to the company's auditor for the same period shall be paid in accordance with approved invoices.

Resolution regarding directed issue of warrants (incentive program for employees in Sweden)
The annual general meeting resolved, in accordance with the board of director's proposal, on the issue of warrants (long term incentive program), including approval of transfer of warrants to employees in Sweden within the incentive program. The warrants shall entail the right to subscribe for new shares in the company. The warrants shall be subject to the terms and conditions, including the subscription price and the period within which the warrants may be exercised, as presented in the board of director's complete proposal.

Resolution regarding directed issue of warrants (incentive program for employees in the United Kingdom)
The annual general meeting resolved, in accordance with the board of director's proposal, on the issue of warrants (long term incentive program), including approval of transfer of warrants to employees in the United Kingdom within the incentive program. The warrants shall entail the right to subscribe for new shares in the company. The warrants shall be subject to the terms and conditions, including the subscription price and the period within which the warrants may be exercised, as presented in the board of director's complete proposal.

Resolution regarding directed issue of warrants (incentive program for members of the Board of Directors)
The annual general meeting resolved, in accordance with the nomination committee's proposal, on the issue of warrants (long term incentive program), including approval of transfer of warrants to members of the board of directors within the incentive program. The warrants shall entail the right to subscribe for new shares in the company. The warrants shall be subject to the terms and conditions, including the subscription price and the period within which the warrants may be exercised, as presented in the nomination committee's complete proposal.

Resolution on authorization for the board of directors to increase the share capital
The annual general meeting resolved, in accordance with the board of directors' proposal, to authorize the board of directors until the next annual general meeting to increase the share capital and the number of shares and votes by a maximum of 20 per cent of the current share capital as well as number of shares and votes through issue of shares, warrants and/or convertibles with or without deviation from the shareholders' preferential rights. For the authorization further conditions applies as set out in the board's complete proposal.

Statement from the CEO
The CEO's statement is published at the company's website after the annual general meeting.

FOR MORE INFORMATION:
Please visit: www.aac-clyde.space or contact:
CEO Luis Gomes investor@aac-clydespace.com
CFO Mats Thideman, investor@aac-clydespace.com, mobile +46 70 556 09 73

ABOUT AAC CLYDE SPACE
The group AAC Clyde Space offers turnkey solutions and services from mission design to on-orbit operations, including reliable customizable satellite platforms in the range of 1 to 50 Kg and a full range of subsystems for cube and small satellites. With unrivalled flight heritage and end-to-end service, AAC Clyde Space enables customers to reach their mission goals through a single, trusted point of contact.

AAC Clyde Space's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail certifiedadviser@penser.se, telephone +46 8 463 83 00, is the Certified Adviser.

Publication
This information was provided, for publication by the above contact person at 16:00 on June 2, 2020.

18 September 2020
Regulatory

2020-09-18 AAC Clyde Space AB (publ)
AAC Clyde Space expects to reach net sales of approximately SEK 100 million in 2020, an increase of more than 50 % over its 2019 revenue of SEK 66 million.

17 September 2020

2020-09-17 AAC Clyde Space AB (publ)

31 August 2020

2020-08-31 AAC Clyde Space AB (publ)
AAC Clyde Space has received two new orders, totaling 360 000 EUR (approx. 3.7 MSEK) for Sirius avionics from customers in Japan. The hardware will be delivered during the fourth quarter of 2020 and software updates will be delivered in the first quarter of 2021. These are follow-on orders from existing customers.

27 August 2020
Regulatory

2020-08-27 AAC Clyde Space AB (publ)

24 August 2020
Regulatory

2020-08-24 AAC Clyde Space AB (publ)
AAC Clyde Space AB, SAAB AB and ORBCOMM Inc. have today announced the development of the next generation of space based VDES system, marking the beginning of a new era in maritime communications. AAC Clyde Space AB will receive 17.0 MSEK in total, of which 12.2 MSEK is in the form of a grant from the Swedish Transport Administration, to finance the building, launch and commissioning of the first satellite in the project. This is intended to be the first satellite of a future constellation to provide a VDES service.

21 August 2020

2020-08-21 AAC Clyde Space AB (publ)
AAC Clyde Space's shares begins trading today on the OTCQX Market under the symbol "ACCMF". As an OTCQX-traded company, AAC Clyde Space can benefit from increased accessibility and visibility across the U.S. investment community. Current financial disclosure and real time quotes for the share can be found on www.otcmarkets.com.

19 August 2020
Regulatory

2020-08-19 AAC Clyde Space AB (publ)
AAC Clyde Space announces today that its shares have begun trading in the US on the Pink Market under the symbol "ACCMF" and that it has applied to have its shares trade on the OTCQX Market, the highest tier within the OTC group. This will make AAC Clyde Space's shares more accessible to US investors, who can now trade the shares in US dollars in the US. US investors can find current financial disclosure and real time quotes for the company on www.otcmarkets.com

07 July 2020
Regulatory

2020-07-07 AAC Clyde Space AB (publ)
Peter Anderson has been appointed Vice President Business Development with responsibility for Sales and Marketing of AAC Clyde Space's portfolio of products and services. In his new role, Peter Anderson will also join the group's management team.

19 June 2020

2020-06-19 AAC Clyde Space AB (publ)
The Arianespace's Vega rocket scheduled for launch on Sunday June 21 from French Guiana will launch a variety of hardware built by AAC Clyde Space, including two satellites built at our Glasgow factory. The launch is planned on June 21 at 01:51 UTC / 03:51 CET, can be followed on https://www.arianespace.com/ or https://www.youtube.com/arianespace

05 June 2020
Regulatory

2020-06-05 AAC Clyde Space AB (publ)
AAC Clyde Space Glasgow will develop, manufacture and gain in-orbit heritage on its next generation nano and small satellites having secured financial support from Scottish Enterprise (SE). With a standardized and modularized design, the satellites will combine cutting edge technology with constellation ready productization.

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IR Contact

Mats Thideman CFO and Deputy CEO
+46 70-556 09 73 mats.thideman@aac-clydespace.com

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