Bulletin from STRAX AB’s Annual General Meeting - Seite 2

The Annual General Meeting resolved, in accordance with the Board of Directors' proposal, to authorise the Board of Directors to resolve on the acquisition and sale of the company's own shares. The following shall apply for acquisition and sale of the company's own shares:

1. Acquisition and sale of own shares shall exclusively take place on Nasdaq Stockholm.
2. The authorisation may be utilised on one or several occasions until the 2024 Annual General Meeting.
3. Shares may be acquired to the extent that the company's holding of its own shares, on any occasion, does not exceed ten (10) per cent of the company's total shares. Sale may be carried out of not more than the number of shares acquired under this authorisation.
4. Acquisition and sale of shares may only take place at a price within the price interval, on any occasion, recorded on Nasdaq Stockholm, which refers to the interval between the highest buying price and the lowest selling price.

Additional information regarding the resolutions of the Annual General Meeting can be found in the proposals to the Annual General Meeting, which were prepared and that can be found on the company's website.

For further information please contact:

Gudmundur Palmason
CEO, STRAX AB, [phone]

About STRAX

STRAX is a global leader in accessories that empower mobile lifestyles. Our portfolio of branded accessories covers all major mobile accessory categories: Protection, Power, Connectivity, as well as Personal Audio.
Own brands are Urbanista, Clckr, Planet Buddies and RichmondFinch. Our distribution business reaches a broad customer base, through 70 000 brick and mortar stores around the globe, as well as through online marketplaces and direct-to-consumers. Our distribution business also services over 40 other major mobile accessory brands.

Founded as a trading company in 1995, STRAX has since expanded worldwide and evolved into a global brand and distribution business. Today we have over 200 employees in 13 countries. STRAX is listed on the Nasdaq Stockholm stock exchange.

Discontinued operations include Health & Wellness, own brands Dóttir and grell, and licenced brand portfolio of adidas and Diesel.

Attachments

Bulletin from STRAX AB's Annual General Meeting

SOURCE: STRAX

View source version on accesswire.com:
https://www.accesswire.com/757278/Bulletin-from-STRAX-ABs-Annual-Gener ...


The Strax Stock at the time of publication of the news with a fall of -8,25 % to 0,111EUR on Frankfurt stock exchange (25. Mai 2023, 08:06 Uhr).