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2016-12-05

CLX Communications AB (publ): Report from the Extraordinary General Meeting of CLX Communications AB (publ) held on December 5, 2016

The following decision was passed at the Extraordinary General Meeting (the
"EGM") in CLX Communications AB (publ), XSTO:CLX, on 5 December 2016. The
notice to attend the EGM and the board of directors' comprehensive proposal
has been published and is available at the company's website.

Resolution regarding incentive program 2016 and issue of warrants and employee
stock options

The EGM decided in accordance with the board of directors' amended proposal
regarding the implementation of a long term incentive program for senior
executives and other key employees within the CLX group ("LTI 2016"). The
decision was unanimous. The amendment entail that the participants from the
U.S. and UK are only entitled to exercise the underlying stock option if the
company's earnings per share during a measurement period of three years,
calculated during the last three years of the duration period for each series
of employee stock options, have amounted to at least ten per cent per year in
average.

LTI 2016 comprises six (6) series. Series 1-3 consists of warrants to be
transferred to employees. The warrants of Series 1 have a vesting period of
three (3) years, the warrants of Series 2 have a vesting period of (4) years
and the warrants of Series 3 have a vesting period of five (5) years after
which the holders is entitled to exercise the warrants to subscribe for
shares during a period of three (3) months after each series vesting period.

Series 4-6 comprises of employee stock options with warrants as hedging
arrangement. The resolution also included a resolution to issue not more than
1,500,000 warrants, of which not more than 960,000 warrants may be issued in
Series 1-3 and not more than 540,000 warrants may be issued in Series 4-6.

For more detailed information on the content of the resolution, please see the
press release published on 3 November 2016 at the company' website.

For more information, please contact

Thomas Ahlerup
Chief Investor Relations Officer
CLX Communications (publ)

Telephone +46-768 966 300
E-mail thomas.ahlerup@clxcommunications.com

About CLX Communications

CLX Communications (CLX) is a leading global provider of cloud-based services
and solutions to enterprises and mobile operators. CLX mobile communication
services will enable companies to quickly, securely and cost-effectively
communicate globally with customers and connected devices - IoT (Internet of
Things). CLX solutions enable critical business communications worldwide via
mobile messaging (SMS), voice services and mobile connectivity services for
the IoT. CLX has since the company was founded grown profitably. The Group is
headquartered in Stockholm, Sweden, and is present in 20 other countries.

CLX Communications shares are traded at Nasdaq Stockholm: XSTO:CLX
To learn more please visit:www.clxcommunications.com

This information is information that CLX Communications AB (publ) is obliged
to make public pursuant to the EU Market Abuse Regulation and the Nasdaq
Stockholm's Rulebook. The information was submitted for publication, through
the agency of the contact person set out above, at 15:38 CET on 5 December
2016

161205 CLX - Kommunike? extra bolagssta?mma_ENG_Final
http://hugin.info/173289/R/2061908/773440.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CLX Communications AB (publ) via Globenewswire

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