Scandic's extraordinary general meeting was held on Thursday
the board of directors.
Change of the articles of association
Furthermore, and in accordance with the board of directors' proposal, the meeting resolved to change the limits for number of shares and share capital in the articles of association, as well as some minor editorial changes. It was also resolved to authorize the board of directors to submit for registration at the Swedish Companies Registration Office the articles of association which limits for the minimum and maximum number of shares in the company is compatible with the total number of shares in the company after the completion of the rights issue resolved upon by the board of directors subject to the approval of an extraordinary general meeting. The three following alternatives of main changes of the articles of association have been adopted by the meeting:
Alternative 1
It was resolved that the limits for the share capital in the articles of association are changed from a minimum of
"The company's share capital shall amount to not less than
It was resolved that the limits for the number of shares in the articles of association are changed from a minimum of 50,000,000 and a maximum of 200,000,000 to a minimum of 112,500,000 and a maximum of 450,000,000. The articles of association § 5 will thereby have the following wording:
"The number of shares in the company shall be not less than 112,500,000 and not more than 450,000,000."
Alternative 2
It was resolved that the limits for the share capital in the articles of association are changed from a minimum of
"The company's share capital shall amount to not less than
It was resolved that the limits for the number of shares in the articles of association are changed from a minimum of 50,000,000 and a maximum of 200,000,000 to a minimum of 450,000,000 and a maximum of 1,800,000,000. The articles of association § 5 will thereby have the following wording:
"The number of shares in the company shall be not less than 450,000,000 and not more than 1,800,000,000."
Alternative 3
It was resolved that the limits for the share capital in the articles of association are changed from a minimum of
"The company's share capital shall amount to not less than
It was resolved that the limits for the number of shares in the articles of association are changed from a minimum of 50,000,000 and a maximum of 200,000,000 to a minimum of 1,800,000,000 and a maximum of 7,200,000,000. The articles of association § 5 will thereby have the following wording:
"The number of shares in the company shall be not less than 1,800,000,000 and not more than 7,200,000,000."
Resolution on issue of new shares with preferential rights to existing shareholders
The meeting resolved to approve the board of directors' resolution from
More information about the resolutions is available in the notice and the complete proposals comprised therein which are available on the company's website, www.scandichotelsgroup.com.
For more information, please contact:
Henrik Vikström, Director Investor Relations,
Email: henrik.vikstrom@scandichotels.com
Phone: +46 709 528 006
The information was submitted for publication, through the agency of the contact persons set out above, at
About
Scandic is the largest hotel company in the Nordic countries with more than 280 hotels, in operation and under development, in more than 130 destinations. The company is the leader when it comes to integrating sustainability in all operations and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and the company is one of the most attractive employers in the region.
www.scandichotelsgroup.com
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