Press Release from the Extraordinary General Meeting of Tellusgruppen AB
November 4, 2025
At the extraordinary general meeting of Tellusgruppen AB (publ) held on November 4, 2025, the following main resolutions were adopted.
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, to pay a supplementary dividend of SEK 0.10 per share. The record date for entitlement to the dividend was set for November 6, 2025, with the estimated payment date being November 11, 2025.
The Board’s rationale for its proposal:
Since its listing in April 2021, the Tellus Group has maintained and communicated a strategy of being a dividend-paying public company. The Group’s profitability has trended positively over the past year, and its financial stability has improved significantly. The dividend level, as proposed by the Board of Directors to the Annual General Meeting, has been selected with the aim of maintaining a good balance between preserving financial strength—with room for continued investments and acquisitions—while ensuring that shareholders receive a portion of the company’s profits as dividends.
The Tellus Group seeks to attract investors who view ownership of the company’s shares as a long-term investment offering sustainable returns, which also aligns with the interests of our employees and our guardian in a stable and sustainable business. The Board of Directors believes that high-quality operations go hand in hand with reasonable profitability for all types of companies, including those in our industry.
Minutes
Minutes_Extraordinary General Meeting 20251104
Minutes of the Annual General Meeting
June 18, 2025
At the Annual General Meeting of Tellusgruppen AB (publ) on June 18, 2025, the following main resolutions were adopted.
Resolution on the Income Statement and Balance Sheet
The Annual General Meeting approved the income statement and balance sheet for the parent company, as well as the consolidated income statement and balance sheet for 2024, and resolved that the company’s net income be carried forward.
Discharge from Liability
The members of the Board of Directors and the CEO were granted discharge from liability for the 2024 fiscal year.
Dividend The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, not to pay a dividend for the 2024 fiscal year.
Determination of the Number of Board Members
It was resolved that the number of board members shall be six (6).
Determination of fees for the Board of Directors and the auditor(s)
The Annual General Meeting resolved that a total fee of no more than SEK 792,000 (660,000) shall be paid to the Board of Directors elected by the Annual General Meeting. The Chairman of the Board shall receive a fee of SEK 252,000 (210,000), and the other Board members who are not employees of the Tellus Group shall each receive a fee of SEK 108,000 (90,000), and the auditor shall be paid in accordance with an approved invoice.
Election of Board Members and Auditor
The meeting resolved to re-elect the current board members: Thomas Gür as Chairman of the Board, as well as Elnaz Madani, Caj Perrin, Luca di Stefano, Hanna Myhrman, and Louise Furness.
The Annual General Meeting resolved to re-elect the auditing firm Grant Thornton Sweden AB as the Company’s auditor until the end of the next Annual General Meeting. Certified Public Accountant Carl Niring will serve as the lead auditor.
Resolution on Authorization
The Annual General Meeting resolved to authorize the Board of Directors to carry out cash issues, set-off issues, and non-cash issues, as well as to issue warrants and convertible debentures, with or without regard to shareholders’ preemptive rights and in accordance with the limitations on share capital set forth in the Articles of Association.
Minutes of the Extraordinary General Meeting
January 29, 2025
At the extraordinary general meeting of Tellusgruppen AB (publ) held on January 29, 2025, the following main resolutions were adopted.
The meeting elected Hanna Myhrman as an ordinary member of the Board of Directors of Tellusgruppen AB to replace Board member Narges Moshiri, who had announced her intention to resign from the Board. The meeting further resolved that Hanna Myhrman’s remuneration should be at the same level as that of the other ordinary members.
At the inaugural board meeting held that same day, Elnaz Madani was appointed vice chair of the board.
The Board of Directors of Tellusgruppen AB now consists of Thomas Gür, Chairman; Elnaz Madani, Vice Chairman; Malin Appelgren; Louise Furness; Hanna Myhrman; Caj Perrin; and Luca di Stefano.