Bulletin from the Annual General Meeting of Acconeer AB on 27 April 2021

Acconeer AB (the "Company") held its annual general meeting on 27 April 2021, for the 2020 fiscal year. In order to prevent the spread of the virus causing covid-19, the annual general meeting was carried out solely through postal voting, without any physical presence. A video with the CEO, Lars Lindell, and COO, Mikael Egard, was published ahead of the AGM. The video included their reflections on the past year and the strategy ahead and is available on the Company's website, www.acconeer.com. At the annual general meeting, the following resolutions were made.

Adoption of the income statement and balance sheet

The annual general meeting resolved to adopt the board of directors' proposal for the income statement and the balance sheet for the fiscal year of 2020.

Disposition of the Company's profit or loss

The annual general meeting resolved, in accordance with the board of directors' proposal, that no dividend is paid and that the Company's funds available for distribution is carried forward.

Discharge from liability

The annual general meeting resolved to grant discharge from liability to all persons who have had the position of board member or CEO in the Company during 2020.

Election on the board of directors and auditor, and determination of fees

The annual general meeting resolved to re-elect Bengt Adolfsson, Lars-Erik Wernersson, Git Sturesjö Adolfsson, Thomas Rex and Johan Paulsson. Thomas Rex was re-elected as chairman of the board of directors.

The annual general meeting resolved that the fees to the board of directors, for the period until the next annual meeting, shall be paid out with a total of twelve (12) price base amounts (Sw. prisbasbelopp), of which four (4) price base amounts to the chairman and two (2) price base amounts to each of the other members elected by the annual general meeting who are not employed by the Company.

The annual general meeting resolved to re-elect the registered audit company Öhrlings PricewaterhouseCoopers AB as the Company's auditor. Fees to the auditor shall be paid according to approved invoice.

Directed issue of warrants and approval of transfer of warrants

The annual general meeting resolved, in accordance with the board of directors' proposal, on the warrant based incentive program Warrant Program 2021/2024:1 by (A) issuance of warrants of series 2021/2024:1 to the Company's wholly-owned subsidiary and (B) approval of the transfer of warrants 2021/2024:1 from the subsidiary to individuals who are or will be employed by the Company (individuals employed for a fixed time period are excluded) including the CEO ("Employees").

No more than 300,000 warrants shall be issued to the subsidiary with the right and obligation for the subsidiary to later transfer the warrants to the Employees. The warrants shall be transferred by the subsidiary on 2 May 2021, or on the later date decided by the board of directors, the transfer shall be made at market value at the respective transfer dates and warrants shall be allotted in accordance with the principles set forth in the board of directors' proposal. Subscription of shares under the warrants may take place during the period from 15 May 2024 until 30 September 2024. The premium per share shall be transferred to the free share premium reserve (Sw. fria överkursfonden). The subscription price per share shall correspond to 130 per cent of the volume-weighted average price according to Nasdaq First North Growth Market's official curriculum list for shares in the Company during the period of ten (10) trading days ending on 23 April 2021, however, the subscription price per share shall never be less than the quota value of the share. The maximum dilution effect of the program is approximately 1.27 per cent.

Directed issue of warrants and approval of transfer of warrants

The annual general meeting resolved, in accordance with the board of directors' proposal, on the warrant based incentive program Warrant Program 2021/2024:2 by (A) issuance of warrants of series 2021/2024:2 to the Company's wholly-owned subsidiary and (B) approval of the transfer of warrants 2021/2024:2 from the subsidiary to the Employees in the Company.

No more than 300,000 warrants shall be issued to the subsidiary with the right and obligation for the subsidiary to later transfer the warrants to the Employees. The warrants shall be transferred by the subsidiary on 2 November 2021, or on the later date decided by the board of directors, the transfer shall be made at market value at the respective transfer dates and warrants shall be allotted in accordance with the principles set forth in the board of directors' proposal. Subscription of shares under the warrants may take place during the period from 15 November 2024 until 31 March 2025. The premium per share shall be transferred to the free share premium reserve (Sw. fria överkursfonden). The subscription price per share shall correspond to 130 per cent of the volume-weighted average price according to Nasdaq First North Growth Market's official curriculum list for shares in the Company during the period of ten (10) trading days beginning on 28 October 2021, however, the subscription price per share shall never be less than the quota value of the share. The maximum dilution effect of the program is approximately 1.27 per cent.

Authorisation for the board of directors to resolve on issue of shares

The annual general meeting resolved to authorise the board of directors to, until the next annual general meeting, on one or more occasions, resolve to increase the Company's share capital by issue of no more than shares corresponding to twenty-five (25) per cent of the total number of shares in the Company at the time of the annual general meeting's decision of authorisation. The board of directors may deviate from the shareholders' preferential rights. The reason for the board of directors' authorisation to deviate from the shareholders' preferential rights is to enable the Company to raise new capital and to take advantage of future opportunities to attract new long-term owners, and to finance the Company's growth strategy. The authorisation also includes the right to decide on payment for the issued shares by set-off, in kind or with other conditions as referred in Chapter 13 Section 5 item 6 of the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)). At a deviation from the shareholders' preferential rights, the issue rate shall be determined in accordance with market conditions.

Amendments to the articles of association

The annual general meeting resolved to approve the board of directors' proposal. The resolution entails that the articles' are supplemented with terms that make it possible for the board of directors to collect power of attorneys and that the board of directors may decide that the shareholders shall be able to exercise their voting right by post before a general meeting. Furthermore, the resolution entails that the registered office is amended to the Municipality of Malmö, as well as a number of amendments due to legislative changes, and certain editorial amendments.

***

For more detailed information regarding the content of the resolutions, please refer to the press release published on 25 March 2021 and the complete notice of the annual general meeting. The notice of the annual general meeting and complete proposals regarding the resolutions of the annual general meeting are available on the Company's website, www.acconeer.com.

The English text is an unofficial translation. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.

For further information, please contact:

Lars Lindell, CEO

Tel. +46 (0) 10 218 92 00

[email protected]

www.acconeer.com

About Acconeer AB

With groundbreaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be contacted via telephone +46(0)8 121 576 90 or via e-mail [email protected].

Nerladdningsbara filer

Acconeer får order från CODICO värd 800 000 SEK

Ordern avser Acconeers A111 radarsensor för europeiska kunders massproduktion. CODICO är en ledande distributör i Europa, med huvudkontor i Wien, Österrike.


Acconeer receives order from CODICO worth USD 91 000

The order relates to Acconeer's A111 radar sensor for European customers' mass production. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.


Acconeer utvecklar ny, mindre Entry-modul avsedd för närvarodetektion

Efter succén med Entry-modulen XM132 som lanserades förra året utökar nu Acconeer familjen Entry-moduler med en mindre version till lägre pris, som riktar sig till användningsområdet närvarodetektion. Den nya modulen kallas Entry Module XM131 Presence, och kommer att finnas på marknaden i Q1 2022.


Acconeer develops new smaller Entry Module targeting presence use case

After the success with XM132 Entry Module released last year, Acconeer now extends the Entry Module family with a smaller, lower priced version targeting the presence use case. The new module will be called Entry Module XM131 Presence and will be available on the market in Q1 2022.


Acconeer får ordrar från Asteelflash till ett totalt värde av 1,4 miljoner SEK

Ordrarna avser Acconeers Entry-modul XM132 för massproduktion av kundprodukter i Europa. Asteelflash är ett europeiskt EMS-bolag.


Acconeer receives orders from Asteelflash with a total value of USD 161 000

The orders relate to Acconeer's XM132 Entry Module for European customer mass production. Asteelflash is a European specialist EMS company.


Acconeer har sålt mer än en halv miljon A1 radarsensorer

I och med idag har Acconeer sålt mer än 500 000 A1 radarsensorer totalt sedan bolaget började sälja utvärderingskit (EVK) i februari 2018.


Acconeer has sold more than half a million A1 radar sensors

As of today, Acconeer has sold more than 500 000 A1 radar sensors in total since the company started selling Evaluation Kits (EVKs) in February 2018.


Halvårsrapport Q2 2021

I andra kvartalet 2021 uppgick Acconeers nettoomsättning till 7 643 TSEK, bruttomarginalen var 72% och åtta nya kundprodukter lanserades. I Q2 såldes för första gången över 100 000 sensorer under ett kvartal, 112 256 stycken, och sedan lansering har Acconeer sålt totalt 436 468 radarsensorer. Under kvartalet såldes även 461 utvärderingskit, EVK, och den ackumulerade EVK-försäljningen sedan lansering uppgår vid kvartalets slut till 3 977. Bolaget sålde 2 226 moduler i Q2, och sedan lansering har totalt 11 927 moduler sålts.


Interim report Q2 2021

In Q2 2021, Acconeer's net sales amounted to 7 643 kSEK, the gross margin was 72% and eight new customer products were launched. In Q2 for the first time more than 100 000 sensors were sold during one quarter when 112 256 sensors were sold, and since launch Acconeer has sold in total 436 468 radar sensors. In Q2 461 evaluation kits were sold, and an accumulated 3 977 EVK has been sold since launch. The company sold 2 226 modules in Q2, and since launch a total of 11 927 modules have been sold.


Acconeer får order från CODICO värd 1 miljon SEK

Ordern avser Acconeers A111 radarsensor för europeiska kunders massproduktion. CODICO är en ledande distributör i Europa, med huvudkontor i Wien, Österrike.


Acconeer receives order from CODICO worth USD 125 000

The order relates to Acconeer's A111 radar sensor for European customers' mass production. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.


Acconeer signerar distributionsavtal med japanska NEXTY med fokus på bilindustrin

Radarteknikbolaget Acconeer AB har signerat ett distributionsavtal med japanska NEXTY Electronics. NEXTY är ett centralt bolag i Toyota Tsusho-gruppens affärsområde elektronik och en ledande japansk distributör med en särskilt stark position i bilbranschen.


Acconeer signs a distribution agreement with Japanese NEXTY focusing on the automotive industry

The radar technology company Acconeer AB has signed a distribution agreement with Japanese NEXTY Electronics. NEXTY, a core company of the Toyota Tsusho Group's electronics business, is a leading Japanese distributor with especially strong coverage of companies in the automotive sector.


Kommuniké från årsstämma i Acconeer AB den 27 april 2021

Acconeer AB (publ) ("Bolaget") höll den 27 april 2021 årsstämma för verksamhetsåret 2020. För att undvika spridningen av det virus som orsakar covid-19 genomfördes stämman med poströstning, utan fysiskt deltagande. Inför stämman publicerades en video med VD Lars Lindell och COO Mikael Egard innehållande deras reflektioner över året som har gått och strategin framöver. Videon finns tillgänglig på Bolagets webbplats, www.acconeer.com. Vid stämman fattades följande beslut.


Bulletin from the Annual General Meeting of Acconeer AB on 27 April 2021

Acconeer AB (the "Company") held its annual general meeting on 27 April 2021, for the 2020 fiscal year. In order to prevent the spread of the virus causing covid-19, the annual general meeting was carried out solely through postal voting, without any physical presence. A video with the CEO, Lars Lindell, and COO, Mikael Egard, was published ahead of the AGM. The video included their reflections on the past year and the strategy ahead and is available on the Company's website, www.acconeer.com. At the annual general meeting, the following resolutions were made.


Rättelse av pressmeddelande avseende delårsrapport Q1 2021

I det pressmeddelande som skickades ut 23 april 2021, 07:30 angavs felaktigt år i rubriken. Korrekt år avseende delårsrapporten för första kvartalet är 2021. Därutöver saknades länk till rapporten på Acconeers hemsida. Detta är tillagt i pressmeddelandet nedan, som i övrigt stämmer överens med det tidigare utskickade pressmeddelandet.


Correction of press release regarding interim report Q1 2021

In the press released sent out on April 23, 2021, 07:30 the wrong year was stated in the headline. The correct year for the interim report for the first quarter is 2021. In addition, a link to the report on Acconeer's web site was missing. This has been added in the press release below, which in all other aspects is the same as the previously distributed press release.


DELÅRSRAPPORT Q1 2020

I första kvartalet 2021 uppgick Acconeers nettoomsättning till 7 545 TSEK, bruttomarginalen var 74% och fem nya kundprodukter lanserades. I Q1 såldes 399 utvärderingskit, EVK, och den ackumulerade EVK-försäljningen sedan lansering uppgår vid kvartalets slut till 3 516. Bolaget sålde 4024 moduler i Q1, och sedan lansering har totalt 9 701 moduler sålts. Totalt har Acconeer sålt 324 212 sensorer, av vilka 74 881 såldes i Q1 2021.


INTERIM REPORT Q1 2020

In Q1 2021, Acconeers net sales amounted to 7 545 kSEK, the gross margin was 74% and five new customer products were launched. In Q1 399 evaluation kits were sold, and an accumulated 3 516 EVK has been sold since launch. The company sold 4 024 modules in Q1, and since launch a total of 9 701 modules have been sold. In total Acconeer has sold 324 212 sensors, out of which 74 881 were sold in Q1 2021.


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