STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
At the Extraordinary General Meeting of CLX Communications AB (publ) (the “Company”) (STO:CLX) today, on 13 June 2016, it was resolved to change the Company’s financial year from 1 July–30 June to calendar year as well as to amend item 9 in the Company’s articles of association, correspondingly. In connection therewith, it was resolved to extend the current financial year 2015/2016 to cover a period of 18 months, that is, until 31 December 2016.
Furthermore, it was resolved to extend the Board members’ and the auditors’ mandate period up until the next annual general meeting, which, as a result of the extended financial year, will take place during 2017. As a result of the extension of the Board members’ mandate period it was also resolved to amend the fees for the Board members who are not employees of the Company accordingly, i.e., an increase of SEK 75,000 per such Board member from SEK 150,000 to SEK 225,000.
The above information has been made public in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was released for public distribution on 13 June 2016 at 17.45 CEST.
About CLX Communications
CLX was founded in 2008 with a mission to simplify communications globally. CLX has since then developed into a leading provider of cloud-based communications services and solutions to enterprises and mobile operators, with particular strength in the enterprise messaging market. Mobile communications services from CLX make it possible for enterprises to communicate globally with people and connected devices (Internet of Things, IoT) swiftly, securely and cost-effectively. CLX’s solutions enable business-critical communication worldwide via mobile messaging services, voice services and mobile data connectivity services for IoT. CLX has over 600 enterprise customers globally, including a large number of global blue-chip enterprises, and over 70 Communications Service Provider customers (of which approximately 60 are mobile operators) that have installed and use CLX’s internally developed software-based communications platform in their businesses.
CLX has demonstrated strong financial performance since its inception in 2008 and has increased its revenues from SEK 416 million in the twelve months ended June 30, 2013 to SEK 844 million in the twelve months ended June 30, 2015, corresponding to a compound annual growth rate of 42 per cent. For the twelve months ended June 30, 2015, CLX reported EBITDA of SEK 93 million and EBIT of SEK 89 million, corresponding to an EBIT margin of approximately 10.5 per cent.
For more information see www.clxcommunications.com
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