General meeting
According to the Swedish Companies Act, the general meeting is the Company’s highest decision-making body and the shareholders exercise their voting rights in the Company there. Certain issues, such as the adoption of the income statements and balance sheets, the disposition of the Company’s results, the granting of discharge from liability for board members and the CEO, election of board members and auditors and fees to the board and auditors are exclusive of the annual general meeting.
The annual general meeting must be held within six months from the end of the financial year. In addition to the annual general meeting, notice can also be given of an extraordinary general meeting. In accordance with the articles of association, notice to convene the general meeting shall be published in post- och inrikes tidningar (the Swedish Official Gazette) and be kept available at the company’s website. When the notice has been issued it shall at the same time be announced in Dagens Nyheter.
Right to participate in the annual general meeting
In order to participate in the annual general meeting, shareholders must be entered in the share register kept by Euroclear Sweden six banking days before the meeting and register with the Company no later than the day specified in the notice convening the meeting. Shareholders whose shares are nominee-registered with a bank or other nominee must, in order to be entitled to attend the annual general meeting, in addition to informing the Company, request that their shares be temporarily registered in their own name in the share register kept by Euroclear Sweden. Shareholders should inform their nominees of this in good time before the record date. Shareholders may attend the annual general meeting in person or by proxy and may be accompanied by a maximum of two assistants. It is usually possible for shareholders to register for the annual general meeting in several different ways, which are specified in the notice convening the meeting.