Dear Shareholders
This will be the final newsletter before the summer holiday period.
The Company held its Annual General Meeting as scheduled on 25 June, despite the fact that the Annual Report could not be presented because the audit of the Company’s financial statements had not yet been completed. Consequently, resolutions relating to agenda items 8(a), 8(b), 8(c), and 13 were postponed to a later date. Among others, Dagens Industri described the meeting in detail in an article published the same day, referring to it as an “anticlimax.”
Among the matters addressed as planned was an update to the Company’s Articles of Association. The Meeting resolved, among other things, to change the Company’s name to DGH International AB and approved certain amendments intended to reduce costs associated with future general meetings.
In addition, I can report that discussions regarding our various legal disputes are ongoing. As previously communicated, we will provide you with a detailed update on our financial objectives and on the operations of DARO Group during the autumn.
The Board of Directors of DGH International AB wishes all shareholders a wonderful summer.
Below is an excerpt from the opening address delivered at the Annual General Meeting.
Kind regards,
Fredrik Olsson
Chairman of the Board
DGH International AB
DARO Group UK
Welcome to the final Annual General Meeting of Intellego Technologies, which also marks the first Annual General Meeting of DGH International.
In addition to the customary items on today’s agenda, the Meeting will, subject to shareholder approval, resolve to change the Company’s name to DGH International as a first step, followed at a later stage by a further name change to Daro Group Holding. This decision reflects the fact that the Company is entering a new phase, with Daro Group serving as our operational hub. The reason for implementing the name change in two stages is that we do not wish to risk associating the Daro Group brand with the ongoing legal disputes and any negative impact such an association may have.
As previously communicated, we had planned to provide an update today regarding our financial targets for 2026–2028, as well as our strategic alternatives for returning to a listed environment. We will provide this update as soon as we have greater clarity regarding the ongoing legal proceedings and their impact on our financial position and, in particular, our financial results.
First of all, I would like to take this opportunity to introduce the team that has made it possible for us to be gathered here today. This was by no means a certainty when we were entrusted with leading the Company on 23 February this year.
In addition to myself, the Board of Directors currently consists of:
David Pastrana, an investor with a strong focus on operational matters and deeply committed to the strategic development of Daro Group, both in the UK and internationally.
Mats Geijer, a lawyer who serves as our natural link to the various ongoing legal proceedings. He works closely with our legal counsel, Micael Karlsson, and his team at Delphi to advance the Company’s legal matters.
Last, but certainly not least, Jonas Sohlman, the newest member of our Board. Jonas is a finance professional whose primary focus is corporate governance, contractual matters, and the development and implementation of the Company’s internal control procedures—areas that have, to a large extent, been lacking in the past.
I would particularly like to acknowledge Mats and Jonas, who over the past several months have devoted considerable time and effort to resolving many of the issues we have faced on a daily basis, working closely with our CFO, Henrik Resmark. Many of these challenges would be regarded as routine in a normally functioning company, yet they have, at times, proven to be critical and have even placed the Company’s continued existence at risk. Examples include establishing reliable payment solutions and appointing a new auditor, to mention just a few.
I would also like to recognise Simon Marshall, CEO of Daro Group, who, following today’s Annual General Meeting and at the subsequent constitutive Board meeting, will formally assume the role of CEO of the parent company.
During the autumn, we will provide more detailed information about Daro Group’s various business areas and, where possible, update our financial targets going forward. Naturally, this will depend on the outcome of the proceedings involving the Swedish Economic Crime Authority (EBM) and HCM, which have previously been communicated.
It is our hope that, from today onwards, we can devote our full attention to supporting and developing Daro Group’s business in the United Kingdom.
Fredrik Olsson