The Board of
Technically the cancellation will be implemented by reducing the share capital with the quota value of each canceled share following which the share capital will be immediately restored through a bonus issue, which increases the share capital with a corresponding amount without issuing new shares. The purpose is to reduce the number of issued shares without changing the total share capital and at the same time do this in a time efficient manner. The cancellation is intended to be effected as soon as possible following the Annual General Meeting.
The complete Notice to the Annual General Meeting follows directly below.
Notice to Annual General Meeting in
The shareholders of
The Board of Directors has decided that the AGM should be conducted by way of postal vote pursuant to temporary legislation being in effect in 2021. This means that the AGM will be held without the physical presence of shareholders, representatives or third parties. The shareholders will therefore only be able to exercise their voting rights by postal voting in the manner prescribed below.
A speech by CEO
Registration and notification with regard to Annual General Meeting by postal voting
A person who wishes to participate in the AGM must be listed as a shareholder in the presentation of the share register prepared by
In order to be entitled to participate in the AGM, a shareholder whose shares are registered in the name of a nominee must, in addition to giving notice of participation in the AGM by submitting its postal vote, register its shares in its own name so that the shareholder is listed in the presentation of the share register as of Thursday,
Postal voting
Shareholders may exercise their voting rights at the AGM only by 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. A special form must be used for the postal vote. The form is available on the company's website www.probi.com. The postal vote form is considered as notice to participate in the AGM.
In order to be considered, the completed and signed form must be received by
If the shareholder submits its postal vote by proxy, a power of attorney must be attached to the postal voting form. Proxy forms in Swedish and in English are available on the company's website www.probi.com and also upon request. A power of attorney is valid (1) year from its issue date or such longer time period as set out in the power of attorney, however not more than (5) years. If the shareholder is a legal person, a registration certificate or other authorization document, not older than one (1) year, must be attached to the form, listing the authorized signatories.
The shareholders may not provide special instructions or conditions to the postal vote. If so, the entire postal vote is invalid. Further instructions and conditions can be found in the postal voting form.
Shareholders' right to receive information
The board of Directors and CEO shall, if any shareholder so requests and the Board of Directors believes that it can be done without material harm to the company, provide information regarding circumstances that may affect the assessment of an item on the agenda, circumstances that may affect the assessment of the company's or its subsidiaries' financial situation and the company's relation to another company within the group. A request for such information shall be made in writing to the company no later than ten days prior to the AGM, i.e. no later than Tuesday,
Proposed agenda
1. Election of Chairman of the meeting
2. Election of persons to approve the minutes
3. Preparation and approval of the list of shareholders entitled to vote at the meeting
4. Determination of whether the meeting has been duly convened
5. Approval of the agenda
6. Presentation of the annual report and the auditors' report, and the consolidated financial report and auditors' report on the consolidated financial report
7. Resolution concerning the adoption of the income statement and balance sheet, and of the consolidated income statement and consolidated balance sheet
8. Resolution concerning the appropriation of the company's profit or loss in accordance with the adopted balance sheet and record date
9. Resolution on approval of remuneration report
10. Resolution concerning the discharge from liability for the Board of Directors and the Chief Executive Officer
11. Determination of the number of Board members
12. Determination of fees to the Board members
13. Determination of fee to the auditor
14. Election of members of the Board
15. Election of Chairman of the Board
16. Election of auditor
17. Board's proposal concerning (A) share capital reduction through the cancellation of shares and (B) bonus issue without issue of new shares
18. The Board of Directors' proposal for authorisation of the Board to resolve on new share issues
19. Appointment of Nomination Committee
20. Resolution on amendments to the Articles of Association
Election of persons to approve the minutes (item 2)
The Board of Directors proposes
Preparation and approval of the list of shareholders entitled to vote at the meeting (item 3)
The voting list proposed to be approved is the voting list prepared by the company, based on the General Meeting share register and received postal votes, controlled and checked by the persons assigned to check the minutes.
Appropriation of the company's result (item 8)
The Board proposes a dividend amounting to
Approval of remuneration report (item 9)
The Board of Directors proposes that the AGM resolves to approve the Board of Directors' report regarding compensation pursuant to Chapter 8, Section 53 a of the Swedish Companies Act.
Board of Directors, etc. (items 1, 11 - 16)
The company's Nomination Committee, which has comprised of Heinz-Jürgen Bertram (representing
Chairman of the meeting: Attorney Madeleine Rydberger, Mannheimer Swartling Advokatbyrå.
Number of Board members: Five Board members and no deputies.
Director fees: Amount to a total of
Board of Directors: Re-election of
Chairman of the Board: Re-election of
Information regarding Board members who are proposed for re-election is available on the company's website www.probi.com.
Auditor: In accordance with the Audit Committee's recommendation, re-election of the registered public accountant firm
Audit fee: According to approved account under submitted quotation.
Board's proposal concerning (A) share capital reduction through the cancellation of shares and (B) a bonus issue without issue of new shares (item 17)
(A) Share capital reduction through cancellation of treasury shares
The Board proposes that the Annual General Meeting resolves to reduce the company's share capital by
(B) Share capital increase through a bonus issue without the issue of new shares
In order to simultaneously restore the share capital, the Board proposes that the Annual General Meeting resolves on an increase of the share capital through a bonus issue with an amount of
The purpose is to reduce the number of issued shares without changing the total share capital and at the same time do this in an efficient manner without the requirement for special approval by the Swedish Companies Registration Office (or, in the event of a dispute, a general court). Resolution by the Annual General Meeting in accordance with (A) and (B) above shall be made as a collective decision. Approval of the proposal requires shareholders representing a minimum of two-thirds of both votes cast and shares represented at the Annual General Meeting to support the resolution.
The Board of Directors' proposal for authorisation of the Board to resolve on new share issues (item 18)
The Board proposes that the AGM authorises the Board to resolve, during the period until the next AGM, on one or more occasions, on the issue of not more than 1,165,000 new shares. In this context, the Board shall be entitled to resolve on deviation from the shareholders' preferential right, and that payment shall be made in cash, by set-off or in kind. At deviation from the shareholders' preferential right, the issue price shall be determined in accordance with market practise.
The purpose of the authorization is to provide the Board with increased latitude in its efforts to optimise the company's capital structure and to enable the company to finance, in whole or in part, company acquisitions with the company's own shares.
The authorisation corresponds to approximately 10% of the share capital and voting rights.
In order to be valid, a resolution in accordance with the Board's proposal must be supported by shareholders representing at least two thirds of both the votes cast and the shares represented at the AGM.
Appointment of Nomination Committee (item 19)
The shareholders
Amendments to the Articles of Association (item 20)
According to Chapter 7, Section 4 of the Swedish Companies Act, the Board of Directors may collect proxies for the General Meeting if provided for in the Articles of Association. According to Chapter 7, Section 4 a of the Swedish Companies Act it may also be provided for in the Articles of Association that the Board of Directors may decide that the shareholders shall be able to exercise their voting rights by post before the General Meeting. In order to be able to use the alternatives provided by the Swedish Companies Act with regard to decisions on proxy collection and postal voting, the Board of Directors proposes that a new article 13 is included in the Articles of Association, with the wording set out below.
The Board of Directors further proposes three editorial amendments to the Articles of Association due to previously adopted legislative changes.
Current wording | Proposed wording |
Article 1The company's name is Probi Aktiebolag (publ) | Article 1The |
Article 11The company's shares shall be registered in a central securities depository register in accordance with the Swedish Financial Instruments Accounts Act (1998:1479). | Article 11The company's shares shall be registered in a central securities depository register in accordance with the Swedish Central Securities Depositories and Financial Instruments Accounts Act (1998:1479). |
Article 12 para. 1In order to be entitled to participate in a General Meeting, shareholders shall notify the company of their intention not later than | Article 12 para. 1In order to be entitled to participate in a General Meeting, shareholders shall notify the company of their intention not later than |
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For a resolution in accordance with the Board of Directors' proposal to be valid, the resolution must be accepted by shareholders holding no less than 2/3 of the votes cast as well as the shares represented at the AGM.
Provision of documents
The financial statements, the auditor's report, complete proposals and other documents that must be available to the shareholders in accordance with the Swedish Companies Act are presented by being available at the company and on the company's website www.probi.com no later than three weeks before the AGM. The documents will also be distributed free of charge upon request and notification of address. Information about those proposed as members of
Shares and votes
The total number of shares in
Processing of personal data
For information about the processing of your personal data, see https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.
Board of Directors of
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