Three of the major shareholders in Quickbit eu AB (publ) (“Quickbit” or “the Company”), which combined control about 23 percent of the shares and votes in the Company, have today submitted a request to the Board of Directors that the Board should call an Extraordinary General Meeting with the aim of strengthening the Board with four new members. The four proposed members are Jan Frykhammar, Karin Burgaz, Mikael Karlsson and Hammad Abuiseifan. All persons that are proposed for new election to the Board are independent in relation to the Company, the company management and the major shareholders in the Company. It is concurrently proposed that the existing Board members Mathias Jonsson van Huuksloot (Chairman) and Scott Wilson be dismissed in accordance with their own wishes. The Board will shortly call an Extraordinary General Meeting.

Three of Quickbit’s major shareholders – Aurentum LLP I, Front Ventures AB and Abelco Investment Group AB – which combined represent about 23 percent of the shares and votes in the Company, have today submitted a request that the Board should call an Extraordinary General Meeting in order to resolve on a strengthening of the Company’s Board. The proposal includes the new election of Jan Frykhammar, Karin Burgaz, Mikael Karlsson and Hammad Abuiseifan as Board members. Mikael Karlsson is proposed to be elected as the Chairman of the Board. Furthermore, it is proposed that the existing Board members Mathias Jonsson van Huuksloot (Chairman) and Scott Wilson be dismissed as Board members in accordance with their own wishes. If the Extraordinary General Meeting resolves in accordance with the major shareholders’ proposal, the Board will thus be composed of: 

• Mikael Karlsson (Chairman)
• Jan Frykhammar
• Karin Burgaz
• Hammad Abuiseifan
• Johan Lund

All four proposed new members are independent in relation to the Company, the company management and the major shareholders in the Company. The Board will shortly call an Extraordinary General Meeting. Quickbit in the past year has undergone a comprehensive transformation, which includes financial and organisational aspects as well as improved internal processes. After the completed changes, Quickbit is now in a more expansive phase, focused on sales growth, which shall primarily be achieved by expanding the Company’s existing business in combination with the launch of new products and services. The three major shareholders believe that the proposed Board members’ profiles will clearly strengthen Quickbit in the expansionary phase the company is currently in. The proposed members will contribute a strong combination of competencies and experience, with a special focus on strategic work and corporate governance. Furthermore, it has also been ensured that each member has the possibility to dedicate sufficient time and commitment to the Board assignment.

A short presentation of the proposed new Board members

“I am extremely satisfied with the proposal for a new Board. It has been hard work in recent months to achieve the goal of an optimal mix of people and competencies for the proposed Board. Quickbit is now embarking on a clear growth phase, which is marked by this starting point. It has been an important task for us as the company’s largest owner to do what we can in a responsible way with the resources available to us to ensure that Quickbit will be stronger and well-prepared for the future. It is also very positive that the proposed Board is not only composed of men and I hope that the company reaches the goal of at least 40 percent female representation on the Board in the future. At Aurentum and Bullet Capital, we will now focus on continuing to be a major owner in the company and warmly hand over the responsibility for continuing to develop the company to extremely competent people. The company in a relatively short period of time has advanced very strongly in its maturation process and we are confidently looking forward to the next phase in Quickbit’s development,” says Mathias Jonsson van Huuksloot, Chairman of Quickbit.