Nitro Games' Annual General Meeting: A Crucial Crossroad for Shareholders
May 3, 2025, 1:52 am
Location: Finland, Mainland Finland, Kotka
Employees: 11-50
Founded date: 2007
Total raised: $16.06M
The Annual General Meeting (AGM) of Nitro Games Plc is on the horizon, set for May 19, 2025. This gathering is not just a formality; it’s a pivotal moment for shareholders. With a significant agenda, the meeting will shape the future of the company.
At 10:00 AM Finnish time, shareholders will convene at the company’s Kotka office. The reception will start at 9:30 AM, allowing time for registration and distribution of voting tickets. This is where decisions will be made, and the course of Nitro Games will be charted.
The agenda is packed. It includes the opening of the meeting, the election of officials, and the presentation of the annual accounts for 2024. This is the moment when numbers come to life. The Board of Directors will present the financial report, revealing the company’s health.
Nitro Games reported a profit of €475,326 for the last financial year. However, the Board proposes that this profit be transferred to retained earnings. No dividends will be paid. This decision reflects a focus on reinvestment rather than immediate shareholder returns. It’s a strategic move, but it may not sit well with all investors.
The AGM will also address the discharge of the Board members from liability. This is a routine but essential step. It allows the Board to move forward without the shadow of past decisions looming over them.
Shareholders will vote on the remuneration of the Board members. A proposal suggests €2,200 per month for the Chairman and €1,100 for other members. This compensation reflects the responsibilities they shoulder. It’s a balancing act between rewarding leadership and maintaining fiscal responsibility.
Another critical point on the agenda is the election of Board members. Shareholders representing approximately 38.82% of the company’s shares have proposed re-electing Johan Biehl and Antti Villanen. They also suggest adding Jimmy Jönsson to the Board. Jönsson is a notable figure in the gaming sector, with a strong background in investments and a history of successful exits. His experience as a professional poker player adds a unique strategic perspective to the Board.
Biehl, the current Chairman, has been with Nitro since 2019. His focus on small and micro-cap investments has shaped the company’s direction. Villanen, a co-founder, brings two decades of experience in the digital media and gaming industry. Together, they form a solid foundation for the company’s leadership.
The election of auditors is another key item. The Board proposes Moore Idman Oy as the auditor, with Antti Niemistö as the responsible auditor. This choice reflects a commitment to transparency and accountability.
As the meeting approaches, shareholders must prepare. Registration is crucial. Those registered in the shareholders’ register by May 7, 2025, will have the right to participate. The deadline for registration is May 14, 2025, at 16:00 Finnish time.
For those holding nominee-registered shares, the process is slightly more complex. They must ensure their shares are temporarily registered in the company’s shareholder register. This step is vital for participation.
The AGM is not just a meeting; it’s a platform for dialogue. Shareholders will have the opportunity to voice their opinions and influence the company’s future. It’s a chance to hold the Board accountable and to shape the strategic direction of Nitro Games.
The stakes are high. The gaming industry is competitive and ever-evolving. Nitro Games must navigate these waters carefully. The decisions made at the AGM will resonate far beyond the meeting room. They will impact the company’s trajectory and its ability to innovate and grow.
Nitro Games has carved a niche in the gaming world, specializing in action and shooter games. With titles like Autogun Heroes and NERF: Superblast, the company has built a reputation for quality. However, maintaining this momentum requires strategic foresight and sound governance.
As shareholders gather, they carry the weight of their investments. Their voices matter. The AGM is a chance to steer the ship. It’s a moment to reflect on past achievements and to set the course for future success.
In conclusion, the upcoming AGM of Nitro Games Plc is a critical juncture. With a packed agenda and significant decisions on the table, shareholders must engage actively. The future of Nitro Games hinges on the outcomes of this meeting. It’s a time for unity, strategy, and vision. The road ahead is filled with potential, but it requires careful navigation. The AGM is just the beginning.
At 10:00 AM Finnish time, shareholders will convene at the company’s Kotka office. The reception will start at 9:30 AM, allowing time for registration and distribution of voting tickets. This is where decisions will be made, and the course of Nitro Games will be charted.
The agenda is packed. It includes the opening of the meeting, the election of officials, and the presentation of the annual accounts for 2024. This is the moment when numbers come to life. The Board of Directors will present the financial report, revealing the company’s health.
Nitro Games reported a profit of €475,326 for the last financial year. However, the Board proposes that this profit be transferred to retained earnings. No dividends will be paid. This decision reflects a focus on reinvestment rather than immediate shareholder returns. It’s a strategic move, but it may not sit well with all investors.
The AGM will also address the discharge of the Board members from liability. This is a routine but essential step. It allows the Board to move forward without the shadow of past decisions looming over them.
Shareholders will vote on the remuneration of the Board members. A proposal suggests €2,200 per month for the Chairman and €1,100 for other members. This compensation reflects the responsibilities they shoulder. It’s a balancing act between rewarding leadership and maintaining fiscal responsibility.
Another critical point on the agenda is the election of Board members. Shareholders representing approximately 38.82% of the company’s shares have proposed re-electing Johan Biehl and Antti Villanen. They also suggest adding Jimmy Jönsson to the Board. Jönsson is a notable figure in the gaming sector, with a strong background in investments and a history of successful exits. His experience as a professional poker player adds a unique strategic perspective to the Board.
Biehl, the current Chairman, has been with Nitro since 2019. His focus on small and micro-cap investments has shaped the company’s direction. Villanen, a co-founder, brings two decades of experience in the digital media and gaming industry. Together, they form a solid foundation for the company’s leadership.
The election of auditors is another key item. The Board proposes Moore Idman Oy as the auditor, with Antti Niemistö as the responsible auditor. This choice reflects a commitment to transparency and accountability.
As the meeting approaches, shareholders must prepare. Registration is crucial. Those registered in the shareholders’ register by May 7, 2025, will have the right to participate. The deadline for registration is May 14, 2025, at 16:00 Finnish time.
For those holding nominee-registered shares, the process is slightly more complex. They must ensure their shares are temporarily registered in the company’s shareholder register. This step is vital for participation.
The AGM is not just a meeting; it’s a platform for dialogue. Shareholders will have the opportunity to voice their opinions and influence the company’s future. It’s a chance to hold the Board accountable and to shape the strategic direction of Nitro Games.
The stakes are high. The gaming industry is competitive and ever-evolving. Nitro Games must navigate these waters carefully. The decisions made at the AGM will resonate far beyond the meeting room. They will impact the company’s trajectory and its ability to innovate and grow.
Nitro Games has carved a niche in the gaming world, specializing in action and shooter games. With titles like Autogun Heroes and NERF: Superblast, the company has built a reputation for quality. However, maintaining this momentum requires strategic foresight and sound governance.
As shareholders gather, they carry the weight of their investments. Their voices matter. The AGM is a chance to steer the ship. It’s a moment to reflect on past achievements and to set the course for future success.
In conclusion, the upcoming AGM of Nitro Games Plc is a critical juncture. With a packed agenda and significant decisions on the table, shareholders must engage actively. The future of Nitro Games hinges on the outcomes of this meeting. It’s a time for unity, strategy, and vision. The road ahead is filled with potential, but it requires careful navigation. The AGM is just the beginning.