Huddly AS – Notice of extraordinary general meeting
Oslo, 1 August 2024: On 24 July 2024, the board of directors of Huddly AS ("Huddly" or the "Company", ticker: HDLY) received a letter from two of the Company's shareholders, Sonstad AS and Global Innovation Closed-End Fund, a fund managed by AgioFunds TFI SA, ("Sonstad and GICEF") who in total represent 72,407,267 shares in the Company, equal to 13.64% of the outstanding shares with voting rights. In the letter, Sonstad and GICEF requested that the board of directors calls for an extraordinary general meeting for the election of Jon Øyvind Eriksen as a new member of the Company's board of directors in addition to the current three members.
Jon Øyvind Eriksen, born in 1964, represents and is chair of the board of directors in Sonstad AS, the third largest shareholder in the Company with 38,040,000 shares, equal to 7.16% of the outstanding shares with voting rights in the Company. Eriksen has more than 15 years of experience as CEO in various companies and has participated in the establishment of several successful technology companies, such as Kantega AS and Signicat AS. He also has extensive board experience from listed companies, and private and publicly owned businesses. Eriksen holds a Master of Science degree from the NTNU and, in addition, an MBA from London Business School. He is a Norwegian citizen and is resident in Norway.
Sonstad and GICEF represent, in total, more than 10% of the share capital in the Company. Thus, the board of directors is required to call for an extraordinary general meeting to deal with the matter, cf. section 5‑6 (2) of the Norwegian Private Limited Liability Companies Act. Such general meeting must be held within one month from receipt of the request.
On this background, the board of directors of the Company hereby calls for an extraordinary general meeting to be held on 15 August 2024 at 10:00 hours (CEST) in order to deal with Sonstad and GICEF's proposal. The extraordinary general meeting will be held at the offices of Advokatfirmaet Simonsen Vogt Wiig AS, at Filipstad Brygge 1, 0252 Oslo. Shareholders not having the opportunity to participate physically will be given the possibility to follow the meeting, vote and raise questions via Teams.
Shareholders who wish to attend the general meeting in person or by proxy must notify of this via e‑mail to genf@dnb.no no later than 13 August 2024 at 16:00 hours (CEST).
The notice with the agenda of the general meeting and proxy forms are attached to this stock exchange announcement and will also be made available on the Company's website: https://www.huddly.com/investor-relations/.
Contacts
For more information, please contact:
Abhijit Saha Banik, CFO
Mobile: +47 408 30 964
E-mail: abi.banik@huddly.com
Disclosure
This information is subject to the disclosure requirements pursuant to section 3.15.3 (2) of the Euronext Growth Oslo Rule Book – Part II and section 5-12 of the Norwegian Securities Trading Act.
About Huddly AS
Disruptive innovation is our heartbeat at Huddly. We're committed to pushing technology and challenging the status quo in order to empower human collaboration. Combining our industry-leading expertise in artificial intelligence, software, hardware, and UX, we craft intelligent camera systems that enable inclusive and productive teamwork. Huddly cameras are designed to provide high-quality, AI-powered video meetings on major platforms, including Microsoft Teams, Zoom, and Google Meet. With upgradable software, durable hardware, and engaging user experiences, they are the ideal choice for organizations seeking a future-proof, scalable, and sustainable solution. Founded in 2013, Huddly is headquartered in Oslo, Norway, with presence in the US and EMEA and distribution globally.