Discussions at Sleep Cycle's Yearly Shareholders Gathering 2023
In a significant development, Sleep Cycle AB (publ), the leading sleep tracking application listed on Nasdaq Stockholm under the ticker SLEEP, held its Annual General Meeting (AGM) on 8th May 2023, in Gothenburg, Sweden.
During the meeting, the shareholders approved the remuneration report for the financial year 2022, setting remuneration for the Board of Directors. The Chairperson of the Board will receive SEK 700,000, with each other Board member elected by the AGM receiving SEK 250,000. The Chairperson of the Audit Committee will receive SEK 100,000, and each other member of the Audit Committee will receive SEK 50,000. The Chairperson of the Remuneration Committee will receive SEK 50,000, and each other member of the Remuneration Committee will receive SEK 25,000.
A notable decision made at the AGM was the declaration of a dividend. Shareholders will receive SEK 7.00 per share, with SEK 1.00 as an ordinary dividend for 2022 and SEK 6.00 as an extraordinary dividend. The record date for the dividend was set to 10th May 2023, and the dividend is expected to be distributed by Euroclear Sweden AB starting 15th May 2023.
The AGM also elected Anne Broeng as the Chairperson of the Board, along with Olof Nilsson, Rasmus Järborg, Mathias Høyer, and three additional members who were not specified in the provided search results.
Since its launch in 2009, Sleep Cycle has been a pioneer in the field, helping millions of people understand their sleep habits and improve their sleep. The mobile application, one of the most widely used solutions worldwide to improve sleep health, helps users fall asleep more easily, tracks and analyses sleep during the night, wakes the user in a light sleep phase, and provides insight into how sleep quality is best improved.
Sleep Cycle's mission is to improve global health by empowering people to sleep better. As one of the world's most comprehensive sources for statistics on sleep, the company contributes to research and reporting on sleep worldwide. With millions of daily active users and over two billion nights analyzed in more than 150 countries, Sleep Cycle continues to make a significant impact on sleep health globally.
At the AGM, the shareholders also adopted the income statement, balance sheet, consolidated income statement, and consolidated balance sheet for the financial year 2022. The Board members and CEO were discharged from liability for their administration of the company for the financial year 2022.
For precise and official information regarding dividend amounts and distribution dates after the 8th May 2023 AGM, it is best to consult the company's official announcements or financial reports directly from their investor relations website or press releases.
- The shareholders approved remuneration for the Board of Directors in the finance sector, with the Chairperson receiving SEK 700,000 and other Board members SEK 250,000 each.
- As a part of the business strategy, Sleep Cycle AB, following its AGM, declared a dividend of SEK 7.00 per share, comprising an ordinary dividend of SEK 1.00 for 2022 and an extraordinary dividend of SEK 6.00.
