Annual General Meeting

According to the Swedish Companies Act, the general meeting is a company’s highest decision-making body. The general meeting may resolve upon every issue for the company, which is not specifically reserved for another company body’s exclusive competence. At the annual general meeting, which shall be held within six months from the end of each financial year, shareholders exercisetheir voting rights on issues, such as adoption of income statements and balance sheets, allocation of the company’s profits or losses, discharge of liability for the board of directors and the CEO for the financial year, the appointment of members of the board of directors and auditor, and remuneration for the board of directors and the auditor.

Besides the annual general meeting, extraordinary general meetings may be convened. In accordance with the company’s articles of association, all general meetings shall be convened through announcements in the Swedish Official Gazette (Sw. Post- och Inrikes Tidningar) and by posting the notice of the meeting on the company’s website. An announcement shall simultaneously be placed in Dagens Nyheter with information that the meeting has been convened.

Right to attend general meetings
All shareholders who are directly registered in the share register kept by Euroclear, six business days prior to the general meeting, and who have notified the company of their intention to attend the general meeting at the latest by the date specified in the notice convening the meeting, shall be entitled to attend the general meeting and vote according to the number of shares they hold. Shareholders may attend general meetings in person or through a proxy, and may also be accompanied by not more than two assistants.

Shareholder initiatives
Shareholders who wish a matter to be discussed at the general meeting must submit a written request in that regard to the board of directors. Requests must normally be received by the board of directors at least seven weeks prior to the general meeting.