AB SAGAX The shareholders of
Due to the continued spread of the coronavirus and the authorities' regulations/advice on avoiding public gatherings, the Board of Directors has resolved that the EGM will be held without physical presence of shareholders, proxies or external parties and that shareholder only can exercise their voting rights by voting in advance in accordance with the procedure prescribed below. Information on the resolutions passed at the EGM will be published on Friday
Participation and notification of attendance
Shareholders who wish to participate in the EGM by advance voting must:
be registered as shareholders in the share register maintained by
- give notice of their intention to participate by submitting their advance vote in accordance with the instructions under the heading Advance voting below so that the advance vote is received by
For shareholders who have their shares nominee-registered through a bank or other nominee, the following applies in order to be entitled to participate in the meeting. In addition to giving notice of participation by submitting its advance vote, such shareholder must re-register its shares in its own name so that the shareholder is registered in the share register kept by
Advance voting
The shareholders may only exercise their voting rights at the EGM by voting in advance, so-called postal voting, in accordance with Section 22 of the Act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations.
For advance voting, a special form must be used. The form is available on the Company's website, www.sagax.se. The advance voting form is valid as notification of participation at the EGM.
The completed advance voting form must be received by
For questions regarding the EGM or to have the advance voting form sent by post, please contact
Processing of personal data
In connection with the notification, the Company will process the personal data requested about the shareholders, in accordance with the above. For information on how your personal data is processed in connection with the EGM, see the privacy notice on
Number of shares and votes
As of the date of the issuance of this notice, the total number of shares in the Company amounts to 461,863,558 shares, of which 16,784,028 are preference shares (each carrying 1/10 vote), 26,832,884 are ordinary shares of series A (each carrying 1 vote), 292,446,646 are ordinary shares of series B (each carrying 1/10 vote) and 125,800,000 are ordinary shares of series D (each carrying 1/10 vote), corresponding to a total of 70,335,951.4 votes. The Company holds 2,000,000 of its own ordinary shares of series B, corresponding to 200,000 votes, which cannot be represented at the EGM.
Proposed agenda
The Board of Directors proposed agenda at the EGM:
- Opening of the meeting and election of chairperson of the meeting
- Preparation and approval of the voting list
- Approval of the agenda
- Election of one or two persons to verify the minutes
- Determination of whether the meeting has been duly convened
- Resolution on reduction of the share capital through mandatory redemption of all outstanding preference shares
- Conclusion of the meeting
Proposed resolutions
Item 1
The Board of Directors proposes that lawyer Johan Hessius from Cirio law firm, or in his absence, a person appointed by the Board of Directors, should be appointed chairperson of the EGM.
Item 2
The voting list proposed for approval under item 2 on the agenda is the voting list prepared by
Item 4
The persons proposed to verify the minutes are Johannes Wingborg, proxy for Länsförsäkringar Fondförvaltning, and
Item 6
The Board of Directors proposes that the EGM resolves to reduce the share capital through mandatory redemption of all outstanding preference shares in the Company, corresponding to a maximum of 16,784,028 preference shares, in accordance with the redemption provision in paragraph 5.6 of the Articles of Association. In connection with the redemption, a cash payment of
The redemption of the preference shares entails a reduction of the share capital in the Company by a maximum of
The Board of Directors proposes that the EGM resolves that the record day for the redemption of the preference shares shall be Wednesday
The Board of Directors proposes that the CEO, or the person appointed by the CEO, shall be authorized to make the necessary and minor adjustments of the above decision that may be required in connection with the registration at the
Shareholders' right to receive information
The Board of Directors and the CEO shall, if any shareholder so requests and the Board of Directors considers that it may be done without material harm to the Company, provide information about circumstances that may affect the assessment of an item on the agenda. A request for such information shall be made in writing to
Documentation
The Board of Directors' complete proposal on reduction of the share capital through mandatory redemption of all outstanding preference shares, will be available at the Company's office and on the Company's website, www.sagax.se, no later than Friday
Stockholm in
AB Sagax (publ)
Board of Directors
For further information, please contact CEO David Mindus, tel +46 8 - 545 83 540.
About Sagax
AB Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industry segment. Sagax's property holdings on
Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation.
https://news.cision.com/sagax/r/notice-of-extraordinary-general-meeting-in-ab-sagax--publ-,c3290884
https://mb.cision.com/Main/414/3290884/1375976.pdf
(c) 2021 Cision. All rights reserved., source
