Effective and clear corporate governance contributes to the safeguarding of trust in Bioextrax among the company´s stakeholder groups and increases the focus on business benefit and shareholder values in the company.
The overall responsibility for corporate governance for Bioextrax is divided between the shareholders at the Annual general meeting, the Board of Directors of the company and the CEO. Bioextrax´ corporate governance is based on applicable legislation, the Swedish Companies Act, the Articles of Association and NASDAQ First North Growth Market’s rules for noted companies as well as internal rules and policies.
Bioextrax’s Certified Advisor on NASDAQ First North Growth Market is Västra Hamnen Corporate Finance AB. A Certified Adviser is responsible for ensuring that the company complies with regulations on NASDAQ First North Growth Market.
Certified Adviser
Västra Hamnen Corporate Finance AB
Jungmansgatan 12
211 11 Malmö, Sweden
+46 40 20 02 50
ca@vhcorp.se
www.vhcorp.se
§ 1 Trade name
The company´s trade name is Bioextrax AB. The company is a public company (publ.)
§ 2 Registered office
The Board of Directors shall have its office in Lund, Sweden.
§ 3 Objective
The Company shall conduct research, development and marketing of materials and methods that are based on bio-based extraction technology and conduct related business.
§ 4 Share capital and number of shares
The Company´s share capital shall amount to a minimum of SEK 500,000 and a maximum of
SEK 2,000,000.
§ 5 Number of shares
The number of the Company´s shares shall total a minimum of 13,500,000 and a maximum of 54,000,000.
§ 6 Board of Directors
The Board of Directors shall consist of a minimum of three and a maximum of seven members, with a maximum of seven deputies.
§ 7 Auditors
The Company shall have one or two auditors with a maximum of two deputy auditors or a registered public accounting firm.
§ 8 Notice of General Meeting and shareholders wishing to attend
Notice of General Meeting shall be published in Post- and Inrikes Tidningar and by making the notice available on the Company´s website. Information that the notice has been given shall be announced in Svenska Dagbladet at the time of the notice.
In order to be admitted to a General Meeting, shareholders must give notice to the Company no later than the day mentioned in the notice. This day may not be a Sunday, another public holiday, Saturday, Midsummer Eve, Christmas Eve or New Year’s Eve, and may not fall than five weekdays before the General Meeting.
§ 9 Annual General Meeting agenda items
The General Meeting is held annually, within six months after the closure of the financial year. The following items shall be on the agenda for the Annual General Meetings:
1) Election of a Chairman at the General Meeting,
2) Preparation and approval of voting list,
3) Approval of the agenda,
4) Election of one or two persons to attest the Minutes,
5) Examination of whether or not the Meeting has been duly convened,
6) Presentation of Annual Report and Auditor’s Report and, where applicable, the Consolidated Accounts and Auditor’s Report on the consolidated accounts.
7) Resolutions in respect of:
a. adoption of the Profit and Loss Account and Balance Sheet and, where applicable, the Consolidated Profit and Loss Account and Consolidated Balance Sheet
b. allocation of the Company’s profit or loss in accordance with the adopted Balance Sheet; and
c. discharge from liability of the Directors and the Managing Director.
8) Determination of Directors’ fees and, where applicable, Auditors’ fees.,
9) Election of Directors and, where applicable, Auditors.
10) Other matters to be dealt with at the Meeting pursuant to the Swedish Companies Act or the Articles of Association.
§ 10 Financial year
The Company´s financial year shall be from 1 January to 31 December.
§ 11 Record day provision
The Company´s shares shall be registered in a central securities depository register pursuant to the Financial Instruments Accounts Act (Sw: lagen (1998:1479) om värdepapperscentraler och kontoföring av finansiella instrument)
Born 1985. Chief Executive Officer since 2023
Member of management team since 2018. Edvard Hall holds a law degree and a bachelor’s degree in economics from Lund University as well as an MSc International Development and Humanitarian Emergencies from London School of Economics and Political Science. Edvard Hall has a background from a law firm and as a management consultant, entrepreneur and investor with experience in building, running and developing innovative companies in the field of sustainability. Edvard Hall has previously co-founded and run companies active in narrative analysis, strategy advice and medical technology.
Other ongoing assignments: Chairman ProLevi Bio AB. Board member of Diagonal Bio AB, Parlametric AB and Könyves Invest AB.
Holdings in the Company: 516,826 shares and 300,000 TO 2023/2026.
Born 1977. Founder. Chief Technology Officer. Board member since 2015.
Mohammad H.A. Ibrahim holds a PhD in Microbiology and Biotechnology from the University of Minster, Germany. Mohammad H.A. Ibrahim is the founder of Bioextrax and has more than 20 years experience in Research and Development of microbial production of polymers, enzymes and chemicals, publishing several scientific articles and patents. Mohammad has worked as postdoctoral researcher at Lund University, Sweden, the University of Hawaii, USA, and Rensselaer Polytechnic Institute, USA, among others.
Other ongoing assignments: Holder of the designation Moneractor AB.
Holdings in the Company: 1,958,840 shares and 300,000 TO 2023/2026.
Independent in relation to the company as well as its major owners.
Born 1982. Chief Financial Officer since 2023.
Kristofer Svensson holds a bachelor’s degree in economics from Stockholm University. Kristofer has several years of experience from financial executive positions as CFO, primarily within the healthcare sector. Kristofer Svensson has ongoing assignments as CFO at Gabather (publ), Ectin Research (publ) and Sinfonia Biotherapeutics. Previous assignment includes CFO at Sensidose (publ) and Melius pharma.
Other ongoing assignments: Board member of K Svensson Consulting AB.
Holdings in the Company: 0 shares, 75,000 warrants.
Born 1971. Chief Operating Officer since 2022.
Klas Ingstorp holds a Master of Science in Chemical Engineering from Lund University. Klas Ingstorp has more than 25 years of experience from the process chemistry company Perstorp and has, among other things, been active as factory manager for special polyol manufacturing, site manager for feed additive production, head of global Perstorp Engineering groups and responsible for EHS–Q (Enviroment, Health, Safety and Quality Systems) within Perstorp Global Technology.
Other ongoing assignments: Deputy board member of Dr. Ingstorp Consulting AB.
Holdings in the Company: 22,340 shares, 250 000 TO 2022/2025 I and 7,740 TO3.
Born 1985. Chief Executive Officer since 2023
Member of management team since 2018. Edvard Hall holds a law degree and a bachelor’s degree in economics from Lund University as well as an MSc International Development and Humanitarian Emergencies from London School of Economics and Political Science. Edvard Hall has a background from a law firm and as a management consultant, entrepreneur and investor with experience in building, running and developing innovative companies in the field of sustainability. Edvard Hall has previously co-founded and run companies active in narrative analysis, strategy advice and medical technology.
Other ongoing assignments: Chairman ProLevi Bio AB. Board member of Diagonal Bio AB, Parlametric AB and Könyves Invest AB.
Holdings in the Company: 516,826 shares and 300,000 TO 2023/2026.
Born 1977. Founder. Chief Technology Officer. Board member since 2015.
Mohammad H.A. Ibrahim holds a PhD in Microbiology and Biotechnology from the University of Minster, Germany. Mohammad H.A. Ibrahim is the founder of Bioextrax and has more than 20 years experience in Research and Development of microbial production of polymers, enzymes and chemicals, publishing several scientific articles and patents. Mohammad has worked as postdoctoral researcher at Lund University, Sweden, the University of Hawaii, USA, and Rensselaer Polytechnic Institute, USA, among others.
Other ongoing assignments: Holder of the designation Moneractor AB.
Holdings in the Company: 1,958,840 shares and 300,000 TO 2023/2026.
Independent in relation to the company as well as its major owners.
Born 1982. Chief Financial Officer since 2023.
Kristofer Svensson holds a bachelor’s degree in economics from Stockholm University. Kristofer has several years of experience from financial executive positions as CFO, primarily within the healthcare sector. Kristofer Svensson has ongoing assignments as CFO at Gabather (publ), Ectin Research (publ) and Sinfonia Biotherapeutics. Previous assignment includes CFO at Sensidose (publ) and Melius pharma.
Other ongoing assignments: Board member of K Svensson Consulting AB.
Holdings in the Company: 0 shares, 75,000 warrants.
Born 1971. Chief Operating Officer since 2022.
Klas Ingstorp holds a Master of Science in Chemical Engineering from Lund University. Klas Ingstorp has more than 25 years of experience from the process chemistry company Perstorp and has, among other things, been active as factory manager for special polyol manufacturing, site manager for feed additive production, head of global Perstorp Engineering groups and responsible for EHS–Q (Enviroment, Health, Safety and Quality Systems) within Perstorp Global Technology.
Other ongoing assignments: Deputy board member of Dr. Ingstorp Consulting AB.
Holdings in the Company: 22,340 shares, 250 000 TO 2022/2025 I and 7,740 TO3.
Born 1963. Chairperson since 2022.
Mats Persson holds a Master of Science in Chemical Engineering from Lund University. Mats Persson’s previous positions include several senior positions within the Perstorp Group, including deputy CEO. In addition, Mats Persson has worked as Chief Operating Officer at the composite manufacturer Diab with responsibility for, among other things, manufacturing and logistics.
Other ongoing assignments: Chairman of the Board of CirChem AB. Deputy Board member of the Housing Association Pilstorp.
Holdings in the Company: 120,833 shares and 250,000 TO 2022/2025 II, 150,000 TO 2023/2026 II.
Independent in relation to the company, company management and its major shareholders.
Born 1966. Board member since 2019.
Per Hökfelt holds a Master of Science in Chemical Engineering from Lund University. Per Hökfelt’s career includes more than 20 years of experience from global companies in the chemical, electronics and plastics industries. Per Hökfelt has previously been Chairman of the Board of Star Vault and worked as Global Head of Sustainability for Sony Mobile Communications and Director Operational Development at ST Ericsson. Per Hökfelt is currently global sustainability manager for Diab.
Other ongoing assignments: Chairman of the Board of Vultus OFF. Founder of TheCircularRace AB.
Holdings in the Company: 156,448 shares.
Independent in relation to the company, company management and its major shareholders.
Born 1959. Board member since 2015.
Rajni Hatti-Kaul holds a PhD in Biochemistry from the University of Mumbai. Rajni Hatti-Kaul is Professor of Biotechnology at Lund University. Her research focuses on the development of sustainable manufacturing processes derived from industrial biotechnology and green chemistry. Ranji Hatti-Kaul has published over 200 scientific articles and supervised about 20 doctoral students. Ranji Hatti Kaul has been program manager for the Mistra programs Greenchem, Speciality Chemicals from Renewable Resources and Sustainable Plastics and Transition Pathways.
Other ongoing assignments: Chairman of the Board of Novalysin AB. Board member of BioNovage AB and Cyclicor AB.
Holdings in the Company: 1,756,860 shares.
Independent in relation to the company, company management and its major shareholders.
Born 1977. Founder. Chief Technology Officer. Board member since 2015.
Mohammad H.A. Ibrahim holds a PhD in Microbiology and Biotechnology from the University of Minster, Germany. Mohammad H.A. Ibrahim is the founder of Bioextrax and has more than 20 years experience in Research and Development of microbial production of polymers, enzymes and chemicals, publishing several scientific articles and patents. Mohammad has worked as postdoctoral researcher at Lund University, Sweden, the University of Hawaii, USA, and Rensselaer Polytechnic Institute, USA, among others.
Other ongoing assignments: Holder of the designation Moneractor AB.
Holdings in the Company: 1,958,840 shares and 300,000 TO 2023/2026.
Independent in relation to the company as well as its major owners.
Born 1963. Chairperson since 2022.
Mats Persson holds a Master of Science in Chemical Engineering from Lund University. Mats Persson’s previous positions include several senior positions within the Perstorp Group, including deputy CEO. In addition, Mats Persson has worked as Chief Operating Officer at the composite manufacturer Diab with responsibility for, among other things, manufacturing and logistics.
Other ongoing assignments: Chairman of the Board of CirChem AB. Deputy Board member of the Housing Association Pilstorp.
Holdings in the Company: 120,833 shares and 250,000 TO 2022/2025 II, 150,000 TO 2023/2026 II.
Independent in relation to the company, company management and its major shareholders.
Born 1966. Board member since 2019.
Per Hökfelt holds a Master of Science in Chemical Engineering from Lund University. Per Hökfelt’s career includes more than 20 years of experience from global companies in the chemical, electronics and plastics industries. Per Hökfelt has previously been Chairman of the Board of Star Vault and worked as Global Head of Sustainability for Sony Mobile Communications and Director Operational Development at ST Ericsson. Per Hökfelt is currently global sustainability manager for Diab.
Other ongoing assignments: Chairman of the Board of Vultus OFF. Founder of TheCircularRace AB.
Holdings in the Company: 156,448 shares.
Independent in relation to the company, company management and its major shareholders.
Born 1959. Board member since 2015.
Rajni Hatti-Kaul holds a PhD in Biochemistry from the University of Mumbai. Rajni Hatti-Kaul is Professor of Biotechnology at Lund University. Her research focuses on the development of sustainable manufacturing processes derived from industrial biotechnology and green chemistry. Ranji Hatti-Kaul has published over 200 scientific articles and supervised about 20 doctoral students. Ranji Hatti Kaul has been program manager for the Mistra programs Greenchem, Speciality Chemicals from Renewable Resources and Sustainable Plastics and Transition Pathways.
Other ongoing assignments: Chairman of the Board of Novalysin AB. Board member of BioNovage AB and Cyclicor AB.
Holdings in the Company: 1,756,860 shares.
Independent in relation to the company, company management and its major shareholders.
Born 1977. Founder. Chief Technology Officer. Board member since 2015.
Mohammad H.A. Ibrahim holds a PhD in Microbiology and Biotechnology from the University of Minster, Germany. Mohammad H.A. Ibrahim is the founder of Bioextrax and has more than 20 years experience in Research and Development of microbial production of polymers, enzymes and chemicals, publishing several scientific articles and patents. Mohammad has worked as postdoctoral researcher at Lund University, Sweden, the University of Hawaii, USA, and Rensselaer Polytechnic Institute, USA, among others.
Other ongoing assignments: Holder of the designation Moneractor AB.
Holdings in the Company: 1,958,840 shares and 300,000 TO 2023/2026.
Independent in relation to the company as well as its major owners.
Born 1959. Board member since 2019.
Håkan Björnberg holds a Master of Science in Chemical Engineering from Lund University. Håkan Björnberg has 40 years of experience from research and development work as well as business development in the chemical industry and a long experience of commercializing innovations. Recently Håkan Björnberg was Vice President Innovation at Perstorp AB and responsible for the business development and Innovation of Perstorp’s strategic markets including plastics, paints, synthetic lubricants and additives for animal feed. Håkan currently has a senior advisory position at Perstorp AB.
Other ongoing assignments: –
Holdings in the Company: 17,168 shares.
Independent in relation to the company, company management and its major shareholders.
Born 1952. Board member since 2019.
Leif Nilsson holds a Master of Science in Polymer Chemistry from Lund University. Leif Nilsson has extensive experience of leading positions in the Swedish and international paint and plastics industry. Leif Nilsson has, among other things, been CEO and board member of Trioplast Landskrona and Arla Plast and been CEO of companies within the Akzo Nobel Group and chairman of the Swedish Plastics Industry Association.
Other ongoing assignments: Chairman of the Board of Cyclezyme AB, Cyclicor AB, Betensid AB, HP Fastigheter Finspång AB, RentUs AB and RIN- pack AB. Board member of Arla Plast AB, S Q i Sverige AB and T3 (EPZ) Ltd. CEO of HP Fastigheter Finspång AB, RIN-pack AB and RentUs AB.
Holdings in the Company: 100,774 shares.
Independent in relation to the company, company management and its major shareholders.
Born 1974. Board member since 2021.
Fredrik Sjödin holds a Master of Science in Business and Economics from the Stockholm School of Economics. Fredrik Sjödin has extensive experience of investments and board assignments in private and public companies. Fredrik Sjödin has a background from the American investment companies KKR and Sageview Capital as well as the investment bank Salomon Smith Barney. Fredrik Sjödin is the founder and Investment Manager of the investment company Tramontane Invest.
Other ongoing assignments:
Chairman of the Board of Kostfonden, Aktiebolaget Båstad Viktoria 50, SVFS Advisory AB, Tramontane Invest AB and Treat Lifestyle DSF AB. Board member of Garden Glory AB, Studio Sandra Sjödin AB and Maid in Båstad AB. Deputy board member of Niljon Fastigheter AB. CEO of SVFS Advisory AB.
Holdings in the Company: 1,314,626 shares and 20,000 TO 2021/2024 – B
Independent in relation to the company, company management and its major shareholders.
Born 1959. Board member since 2019.
Håkan Björnberg holds a Master of Science in Chemical Engineering from Lund University. Håkan Björnberg has 40 years of experience from research and development work as well as business development in the chemical industry and a long experience of commercializing innovations. Recently Håkan Björnberg was Vice President Innovation at Perstorp AB and responsible for the business development and Innovation of Perstorp’s strategic markets including plastics, paints, synthetic lubricants and additives for animal feed. Håkan currently has a senior advisory position at Perstorp AB.
Other ongoing assignments: –
Holdings in the Company: 17,168 shares.
Independent in relation to the company, company management and its major shareholders.
Born 1952. Board member since 2019.
Leif Nilsson holds a Master of Science in Polymer Chemistry from Lund University. Leif Nilsson has extensive experience of leading positions in the Swedish and international paint and plastics industry. Leif Nilsson has, among other things, been CEO and board member of Trioplast Landskrona and Arla Plast and been CEO of companies within the Akzo Nobel Group and chairman of the Swedish Plastics Industry Association.
Other ongoing assignments: Chairman of the Board of Cyclezyme AB, Cyclicor AB, Betensid AB, HP Fastigheter Finspång AB, RentUs AB and RIN- pack AB. Board member of Arla Plast AB, S Q i Sverige AB and T3 (EPZ) Ltd. CEO of HP Fastigheter Finspång AB, RIN-pack AB and RentUs AB.
Holdings in the Company: 100,774 shares.
Independent in relation to the company, company management and its major shareholders.
Born 1974. Board member since 2021.
Fredrik Sjödin holds a Master of Science in Business and Economics from the Stockholm School of Economics. Fredrik Sjödin has extensive experience of investments and board assignments in private and public companies. Fredrik Sjödin has a background from the American investment companies KKR and Sageview Capital as well as the investment bank Salomon Smith Barney. Fredrik Sjödin is the founder and Investment Manager of the investment company Tramontane Invest.
Other ongoing assignments:
Chairman of the Board of Kostfonden, Aktiebolaget Båstad Viktoria 50, SVFS Advisory AB, Tramontane Invest AB and Treat Lifestyle DSF AB. Board member of Garden Glory AB, Studio Sandra Sjödin AB and Maid in Båstad AB. Deputy board member of Niljon Fastigheter AB. CEO of SVFS Advisory AB.
Holdings in the Company: 1,314,626 shares and 20,000 TO 2021/2024 – B
Independent in relation to the company, company management and its major shareholders.