Communiqué from the Extraordinary General Meeting of ORTELIUS International AB (publ)
Today, on 3 December 2025, an Extraordinary General Meeting was held in ORTELIUS International AB (publ) (“ORTELIUS”) (Nasdaq First North Growth Market: ORTIN). The meeting resolved in accordance with the proposals presented in the notice of the Extraordinary General Meeting.
The Extraordinary General Meeting resolved to elect a new board of directors. Fredrik Herslow was elected chairman of the board, and Stefan Sallerfors and Ulf Jensen were elected as board members. The meeting further resolved that board remuneration shall amount to SEK 750,000 to the chairman of the board and SEK 250,000 to each of the other board members.
The Extraordinary General Meeting also reviewed the balance sheet for liquidation purposes prepared by the Board of Directors in accordance with the Swedish Companies Act. The control balance sheet, prepared earlier in 2025, was necessitated by the financial effects of ELLWEE’s divestment of its operating subsidiaries prior to the reverse takeover.
During the review, it was noted that the Company has completed a share issue that strengthened its equity position by SEK 300 million, and the Company’s equity is expected to be restored to the levels required under the Swedish Companies Act.
In line with the Board of Directors’ primary proposal, the Extraordinary General Meeting resolved that the Company shall continue its operations and not enter into liquidation.
In accordance with statutory requirements, a new general meeting must be convened within eight months from this first control meeting to reassess whether the Company should enter liquidation (the second control meeting). Prior to the second control meeting, the Board of Directors will prepare a new balance sheet for liquidation purposes and have it reviewed by the Company’s auditor.
All resolutions of the Extraordinary General Meeting were adopted with the required majority.
