Annual General Meeting of Orrön Energy AB - Seite 2

to authorise the Board of Directors to issue new shares and/or convertible debentures corresponding to in total not more than 28,500,000 new shares, with or without the application of the shareholders pre-emption rights, in order to enable or facilitate acquisitions of companies or businesses or other major investments; and

to authorise the Board of Directors to decide on repurchases and sales of shares in Orrön Energy on Nasdaq Stockholm, where the number of shares repurchased shall be limited so that shares held in treasury from time to time do not exceed ten percent of all outstanding shares of the Company.

In order to secure the Company’s obligations under the Employee LTIP 2023, the AGM resolved to approve that the Company enters into an equity swap arrangement with a third party, whereby the third party in its own name shall be entitled to acquire and transfer shares (including to the participants) in accordance with the terms and conditions of Employee LTIP 2023. The Board of director’s proposal to secure the delivery of shares and cover costs through an issue and transfer of warrants was not approved with the requisite majority at the AGM.

The two shareholder proposals which were put to the meeting by a minority shareholder, were both rejected by the shareholders at the AGM.

For further information, please contact:

Robert Eriksson
Director Corporate Affairs and Investor Relations
Tel: [phone]
[e-mail]

Jenny Sandström
Communications Lead
Tel: [phone]
[e-mail]

Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics and Europe. With significant financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.