Investors Arrow

Corporate Governance

Board of directors

Jacob Jacobsson

Born 1953 | Chairman of the Board since 2013

Education:Master of Science in Computer Science and Electrical Engineering at the Royal Institute of Technology, Stockholm.

Experience:Jacob is a serial entrepreneur with experience from several startups, five exits/IPOs and over 25 years of experience as CEO. He is also a Board member/chairman of several public and privately held companies.

Other commitments:Director / Chairman of Seven Sensing Software, Advanced Telesensors and Cymbet, Director of Micron, Newscale and Vidatronic.

Independence:Independent in relation to the company and its management and independent in relation to major shareholders.

Holdings:180,280 shares (as of 31 December 2022).40,000 warrants

Frank Schuil

Born 1984 | Board Member since 2013

Education:Bachelor's degree in International Media & Entertainment Management at the University of Breda, degree in European Marketing and Management at Landstede MBO.

Experience:Frank is a serial entrepreneur and keynote speaker with over 13 years of experience. Frank is adviser to Innobridge, member of the Scandanavian Cryptocurrency Director Group and advisor to the Lifeboat Foundations New Money Systems Board. Former city leader at BitAngels, advisor to ICON, senior adviser at Centigo and Nordic Ambassador at Innovate Finance.

Other commitments:No commitments outside Safello Group.

Independence:Not independent in relation to the company and its management and not independent in relation to major shareholders.

Holdings:4,031,260 shares via Frank Schuil BV (as of 31 December 2022). Frank Schuil owns 100% of Frank Schuil BV. 60,812 shares held directly.183,043 warrants

Knut Pedersen

Born 1968 | Board Member since 2021

Education:Bachelor's degree in Business Administration from The University of Michigan, Ross School of Business.

Experience:Over 25 years of in-depth knowledge and expertise in the financial industry. He has previously served as President and CEO of Catella AB, a role in which he successfully developed the Swedish asset manager into a pan-European finance group within real estate and alternative investments. Prior to that, Knut was Managing Partner at ABG Sundal Collier AB and has previously worked at international investment banks in the United States, Germany and Sweden.

Other commitments:Engaged in various board assignments.

Independence:Independent in relation to the company and its management and independent in relation to major shareholders.

Holdings:0 shares (as of 31 December 2022).20,000 warrants

Sepehr Alavi

Born 1977 | Board Member since 2018

Education:Bachelor's degree in financial economics from Concordia University.

Experience:Sepehr is General Partner at White Star Capital with extensive expertise in the crypto industry. White Star invests and manages a dedicated crypto fund, WSC Digital Asset. In addition to leading White Star's Digital Asset fund, Sepehr provides extensive investment expertise in the sector as investors in more than 12 digital asset and blockchain companies. His crypto portfolio and traditional financial relationships are added value for Safello.

Other commitments:General Partner at White Star Capital.

Independence:Independent in relation to the company and its management, not independent in relation to major shareholders.

Holdings:2,370,749 shares via White Star Capital and Residence Ventures LLC (as of 31 December 2022).

Management

Frank Schuil

Born 1984 | Chief Executive Officer | Joined in 2013

Education:Bachelor’s degree in International Media & Entertainment Management at the University of Breda, degree in European Marketing and Management at Landstede MBO.

Experience:Frank is a serial entrepreneur and keynote speaker with over 13 years of experience. Frank is adviser to Innobridge, member of the Scandanavian Cryptocurrency Director Group and advisor to the Lifeboat Foundations New Money Systems Board. Former city leader at BitAngels, advisor to ICON, senior adviser at Centigo and Nordic Ambassador at Innovate Finance.

Other commitments:No commitments outside Safello Group.

Independence:Not independent in relation to the company and its management and not independent in relation to major shareholders.

Holdings:4,031,260 shares via Frank Schuil BV (as of 31 December 2022). Frank Schuil owns 100% of Frank Schuil BV. 60,812 shares held directly.183,043 warrants

EmelieM o r i t z

Born 1992 | Chief Operating Officer | Joined in 2022

Education:Law degree from Uppsala University

Experience:Emelie has experience from Carnegie Investment Bank, Avanza Bank as business lawyer and from Fondab as COO.

Other commitments:No commitments outside Safello Group.

Holdings:90,544 shares (as of 31 December 2022).8,412 warrants

Johan Edin

Born 1978 | Chief Financial Officer | Joined in 2021

Education:M.Sc. in Business and Administration, with Finance as a major, from the Stockholm School of Economics.

Experience:Johan has over 12 years of experience in investment banking (DCM and ECM) from DNB Bank, Arctic Securities, Citigroup and Goldman Sachs. In addition, experience as a CFO in the energy sector, as well as entrepreneurial experience in the hospitality industry.

Other commitments:No commitments outside Safello Group.

Holdings:8,960 shares via endowment insurance (as of 31 December 2022).116,482 warrants

Helén Landenberg Rämsell

Born 1989 | General Counsel | Joined in 2021

Education:LL.M., Stockholm University

Experience:Helén has over 7 years of experience as lawyer with business law firms (KANTER Advokatbyrå and Gernandt & Danielsson Advokatbyrå), where she has been practicing mainly in the areas of M&A, capital markets and company law. She also has experience from client secondment on ICA Gruppen as legal counsel.

Other commitments:No commitments outside Safello Group.

Holdings:0 shares (as of 31 December 2022).38,035 warrants

Niklas Dusenlund

Born 1988 | Head of Engineering | Joined in 2022

Education:Master of Science, Electrical Engineering, Lund University.

Experience:Niklas has 9 years experience of software engineering (Cosylab Slovenia, Sweden and Switzerland, Shift Cryptosecurity, Klarna) within different domains of which three years are within crypto. He also has experience as Head of engineering at Shift Cryptosecurity.

Other commitments:No commitments outside Safello Group.

Holdings:-

General meetings

Annual General Meeting 2022

The Annual General Meeting of Safello Group AB (publ) was held on 27 April 2022 without physical presence of shareholders, proxies or external parties by advance voting per mail pursuant to the Swedish Act (2022:121) on Temporary Exemptions to Facilitate the Execution of General Meetings in Companies and Associations.

Below is the notice to the AGM including the complete proposals and other related documents.

Minutes from the AGM

PDF

Appendix 1 Kallelse / Notice

PDF

Appendix 2 Formulär för poströstning / Form of mail vote

PDF

Appendix 3 Sammanställning av resultatet av poströster / Compilation of the aggregate result of the mail votes

PDF

Appendix 5 Årsredovisning / Annual Report

PDF

Appendix 6 Ny bolagsordning / New Articles of Association

PDF

Proxy form

PDF

Safello presents financial year 2021

CEO Frank Schuil and CFO Johan Edin present and comment on the financial year 2021. You can access the presentation here. If you have any questions, post them in the comments section. Please note that the presentation does not form part of the formal Annual General Meeting.

Certified Adviser

Amudova AB is Certified Adviser to Safello Group AB.

info@amudova.se

c/o Nybrogatan Business Center, BOX 5855, 102 40 Stockholm

Incentive program

Safello Group AB has established one incentive program for management and staff and one for members of the board of directors. At the Annual General Meeting on 12 March 2021 it was decided to offer up to a total of 100,000 warrants (Sw: teckningsoptioner) to the members of the board of directors and up to a total of 950,875 warrants for management and employees. The warrants were offered to the eligible persons at an independently assessed market value of SEK 0,69 per warrant, based on the Black and Scholes model for option valuation.

In total, 100,000 warrants were subscribed for by members of the board of directors and 891,068 warrants were subscribed to by management and employees. The total number of subscribed for and paid warrants amounts to 991,068.

The program has a duration of 3 years and each warrant gives the right to acquire one share in Safello Group AB at a price of SEK 23.63 during the period 1 March to 30 April 2024.

If the acquired warrants are exercised in full, the number of shares issued by the Company will increase by 991,068, equivalent to a dilution for existing shareholders of 4.6%.

Articles of Association

Download Safello Group AB’s Articles of Association here.

Auditor

Safello Group AB has appointed WeAudit Sweden AB as its auditing firm with Mikael Stefan Köver as principal auditor.