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2016-10-26

Immunicum AB: Report from the Annual General Meeting of Immunicum AB (publ) on October 26, 2016

Gothenburg October 26, 2016 - At the Annual General Meeting ("AGM") of
Immunicum AB (publ), reg.no 556629-1786, the following resolutions were
mainly adopted. For more detailed information on the content of the
resolutions, please see the press release published on September 26, 2016 and
the complete notice to the AGM. The notice to the AGM and complete motions on
the resolutions are available at the company's website, www.immunicum.se.

Adoption of the balance sheet and income statement

The AGM adopted the company's balance sheet and income statement.

Disposition regarding the company's results

The AGM resolved that no dividend shall be paid for the financial year
2015/2016. The AGM further resolved that the company's accumulated loss shall
be appropriated so that SEK 114,653,179 be settled against the share premium
reserve and that the remaining SEK 137,882,043 be carried forward.

Board of Directors and Auditor

The AGM discharged the Board members and the CEO from liability for the
financial year 2015/2016.

The AGM resolved that the Board of Directors shall comprise seven Board
members.

The AGM re-elected Board members Agneta Edberg, Martin Lindström, Magnus
Nilsson and Magnus Persson. Bengt Furberg declined re-election. The AGM
resolved to elect Steven Glazer, Charlotte Edenius and Kerstin Valinder
Strinnholm as new Board members. Agneta Edberg was re-elected as Chairman of
the Board.

The AGM resolved to appoint the registered public accounting firm KPMG as
Auditor for the period until the next Annual General Meeting. KPMG has
announced that the authorized public accountant Jan Malm shall be the Auditor
in Charge.

Fees to the Board of Directors and Auditor

The AGM decided that remuneration to the Board shall be a maximum of SEK
1,185,000, based on a fiscal year comprising a period of twelve months, to be
distributed as follows: Chairman SEK 295,000, the other members SEK 125,000
each, a member who is chairman of the audit committee SEK 35,000, a member
who is a member of the audit committee SEK 15,000, a member who is chairman
of the scientific committee SEK 50,000, a member who is a member of the
scientific committee SEK 25,000. No other remuneration for committee work
shall be paid.

The AGM further resolved that, in addition to directors' fees, the Board as a
whole can be paid a maximum of SEK 100,000 for such work that can be regarded
as outside of the normal board work and that Board members may be allowed to,
through his or her own company, invoice fees given that this is cost neutral
for the company.

The AGM decided that remuneration to the auditor shall be paid according to
approved invoices.

Authorization for the Board of Directors to decide on new share issues

The AGM resolved to authorize the Board of Directors to, on one or several
occasions during the period until the next Annual General Meeting, with or
without deviation from the shareholder's preferential rights, resolve on new
share issues of a maximum of 5,040,000 shares. If fully utilized, the
authorization entails a dilution equivalent to approximately 16.3 per cent of
the company's share capital and number of votes.

Decision to change the fiscal year and to amend the Articles of Association

The AGM resolved to change the fiscal year of the company to calendar year as
well as to shorten the current fiscal year to cover the period 1 July 2016 up
to and including 31 December 2016.

The AGM further resolved to amend the Articles of Association so that the
company's financial year shall be calendar year and that it shall no longer
be possible to appoint deputy directors of the Board.

Decision on updated principles for appointing the Nomination Committee

The AGM resolved to update the principles for appointing the Nomination
Committee in accordance with the Nomination Committee's proposal.

Decision on guidelines for remuneration to senior executives

The AGM resolved on guidelines for remuneration to senior executives so that
the limits of variable remuneration were increased from a maximum of three
ordinary monthly wages to a maximum of 35 per cent of the ordinary fixed
remuneration.

For more information, please contact:

Agneta Edberg, Chairman of the Board, Immunicum
Ph: +46 (0)70 555 75 18
edberg.agneta@gmail.com

The company's Certified Advisor is Redeye AB
Ph: +46 (0)8 545 013 31.
www.redeye.se

About Immunicum AB (publ)

Immunicum AB (publ) develops cancer immune primers for the treatment of tumor
diseases. A phase II clinical trial for the company's most advanced product -
INTUVAX® against kidney cancer - has been initiated. The project portfolio
contains additional clinical phase I/II studies in liver cancer and in
gastrointestinal stromal tumors (GIST). Immunicum is listed on First North
Premier.www.immunicum.se.

The information in this press release is disclosed pursuant to the Nasdaq
First North's Rulebook. The information was released for public disclosure
through the agency of the company's contact person on 26 October, 2016 at
14:00 CET.

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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: Immunicum AB via Globenewswire

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