Press Release

Report from extraordinary general meeting in Urb-it AB on February 28, 2022

Urb-it AB (publ) held an extraordinary general meeting on Monday, February 28, 2022, where the following main resolution was passed.

February 28, 2022
2 mins

Urb-it AB (publ) held an extraordinary general meeting on Monday, February 28, 2022, where the following main resolution was passed.

For more information on the resolution, please see the notice of the extraordinary general meeting and the complete resolution proposal, which are available at the company’s website, www.urb-it.com.

Incentive program

The extraordinary general meeting resolved, in accordance with the boards proposal, on the introduction of a long-term incentive program for the employees, whereby warrants are issued without consideration to the company, which thereafter transfer them to the employees. A maximum of 7,210,000 warrant may be issued. The warrant shall be transferred on market terms at a price determined on the basis of an estimated market value of the warrants at the time of the transfer. For each warrant, the holder has the right to subscribe for one new share against cash consideration at a subscription price of SEK 8.40. Subscription of shares may take place from March 15, 2025, to March 29, 2025.

For further information, please contact:

Kevin Kviblad, VD, kevin@urbit.com

This information was submitted for publication through the agency of the contact person set out above on February 28, 2022, at 11:30CET.

About Urb-it AB (publ)

Urb-it is a rapidly growing sustainable logistics platform, with a vision to transform urban logistics - one delivery at a time. We deliver urban logistics services that create a positive impact on society & the environment. We partner with brands to deliver the last mile sustainably and efficiently in urban locations across Europe.

Our customer-centric last mile delivery services are conducted by our couriers on foot, bike and our e-cargo fleet. This reduces noise pollution, air pollution and congestion - creating healthier communities.

We are a B Corp certified business, meaning we meet and have committed to the highest verified standards of social and environmental performance. We are currently operating in urban locations in Europe's largest e-commerce markets - France, the UK and Spain. Our ambition is to expand into other major e-commerce markets across Europe in the coming years.

Founded in 2014, Urb-it is a Swedish entrepreneurial company headquartered in Stockholm and listed on Nasdaq First North Growth Market. Find out more at urb-it.com.

The Company's Certified Adviser is Mangold Fondkommission AB who are reachable on +468- 503 015 50 or CA@mangold.se.

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