General meetings

General meetings

Pursuant to the Companies Act, the general meeting is the Company’s supreme decision-making body and shareholders exercise their voting rights at such meetings.

The annual general meeting shall be held within six months of the end of the previous financial year. Nordtech’s articles of association stipulate that notices convening the annual general meeting shall be published in the Official Swedish Gazette (Sw. Post- och Inrikes Tidningar) and be made available on Nordtech’s website. Information that such notice has been made shall also be published in the Swedish daily newspaper Dagens Industri. The notice convening the annual general meeting must be published no earlier than six weeks and no later than four weeks prior to the meeting. 

Extraordinary general meetings are held when the Board of Directors considers such meetings appropriate or when either the auditor or shareholders representing at least one-tenth of all issued shares request such meeting in writing for a specified purpose. A notice convening an extraordinary general meeting will be announced no earlier than six weeks and no later than three weeks prior to the date of the extraordinary general meeting. Pursuant to the Swedish Companies Act, a notice convening an extraordinary general meeting must be made no earlier than six weeks and no later than four weeks prior to the date of the extraordinary general meeting, if the general meeting shall resolve on a proposed amendment of the articles of association. Notice to any other extraordinary general meeting must be announced no earlier than six weeks and no later than three weeks prior to the date of the meeting.

Pursuant to the Swedish Companies Act, a general meeting may not adopt any resolution that is likely to give undue advantage to a shareholder or a third party to the detriment of the Company or another shareholder of the Company.

Right to participate in general meetings

Shareholders who wish to participate in a general meeting must be included in the share register maintained by Euroclear Sweden as of six banking days prior to the meeting, and notify the company of their participation no later than the date stipulated in the notice convening the meeting.

Shareholders may attend a general meeting in person or by proxy and may be accompanied by a maximum of two assistants.

A shareholder may vote for all shares owned or represented by the shareholder.

Shareholder initiatives

Shareholders who wish to have a matter dealt with at the general meeting must send a written request to the Board of Directors. The matter shall be addressed at the general meeting if the request has been received by Nordtech no later than one week before the date on which notice of the general meeting may be issued at the earliest or, if the request is received after this date, is received in time for the matter to be included in the notice of the general meeting.