The shareholders of VBG Group AB (publ), reg. no 556069-0751, are hereby convened to the annual general meeting of shareholders to be held on Wednesday 4 May 2022 at the company’s premises at Herman Kreftings gata 4, Vänersborg.
For shareholders who prefer to take continued caution due to COVID-19 and not physically participate at the general meeting, the board of directors has resolved, in accordance with the act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations, that the shareholders’ voting rights also may be exercised in advance by postal voting.
Shareholders who wish to participate at the annual general meeting must:
Shareholders who wish to be represented by a proxy and participate at the general meeting physically are asked to submit a dated proxy form along with the notification. Shareholders who participate by postal voting shall enclose a dated proxy form to the postal voting form. If the proxy is executed by a legal person, a copy of the certificate of registration or equivalent authorization document must be enclosed to the proxy form.
Shareholders whose shares are registered in the name of a nominee must, in addition to notifying their intention to attend the annual general meeting, re‑register their shares in their own name so that the shareholder is recorded in the share register on 26 April 2022. Such registration may be temporary (so-called voting right registration) and is requested from the nominee in accordance with the nominee’s procedures and in such time in advance as the nominee determines. Voting right registrations duly effected by the nominee no later than 28 April 2022 will be regarded in the preparation of the share register.
The shareholders may exercise their voting rights at the annual general meeting by postal voting in accordance with section 4 of the act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations. A special form shall be used for the postal voting, which is available on the company’s website. The postal vote will also constitute the shareholder’s notification of participation. The shareholder may not provide the postal vote with any special instructions or conditions. If so, the postal vote in its entirety is invalid. Further instructions and conditions are set forth in the postal voting form.
The completed postal voting form must have been received by Advokatfirman Lindahl no later than 27 April 2022. The form may be sent by e-mail to VBGAGM22@lindahl.se or by post to Advokatfirman Lindahl KB, att. Lisa Lantz, Box 11911, 404 39 Göteborg. Shareholders who are legal entities shall enclose a certificate of registration or equivalent authorization document to the postal voting form.
The nomination committee proposes that the chairman of the board of directors Johnny Alvarsson is elected as chairman of the annual general meeting 2022.
The proposed voting list is the voting list to be prepared by Advokatfirman Lindahl on behalf of the company based on the share register for the general meeting and received postal votes, and otherwise prepared based on the shareholders physically present at the annual general meeting.
The board of directors proposes that Lars-Gunnar Svensson is elected to verify the minutes of the general meeting.
The board of directors and the CEO propose a payment of an ordinary dividend of SEK 5.00 (4.50), with record date 6 May 2022. If the general meeting resolves in accordance with the proposal, payment of the dividends by Euroclear Sweden AB is expected to be initiated on 11 May 2022.
The nomination committee proposes that the board of directors shall consist of six ordinary board members and no deputy board members.
The nomination committee proposes that the remuneration to the board shall amount to a total of SEK 2,020,000 (1,960,000). The remuneration is proposed to be divided as follows: SEK 680,000 (660,000) is awarded to the chairman of the board, and SEK 285,000 (275,000) to each of the other ordinary members of the board. Of the total remuneration, SEK 150,000 (150,000) shall be awarded to the audit committee, and SEK 50,000 (50,000) shall be awarded to the remuneration committee. No remuneration shall be awarded to the CEO.
The nomination committee proposes that remuneration to the auditor shall be paid in accordance with approved invoice.
The nomination committee proposes that Johnny Alvarsson, Peter Augustsson, Louise Nicolin, Mats R Karlsson, Anna Stålenbring and Anders Birgersson (CEO) are re-elected as ordinary members of the board. The nomination committee proposes that Johnny Alvarsson is re-elected as chairman of the board of directors and that no deputy chairman of the board of directors shall be elected.
The nomination committee proposes re-election of the registered accounting firm Ernst & Young AB as the company’s auditor for the time until the next annual general meeting with the authorized public accountant Andreas Mast as auditor in charge.
The board of directors proposes that the annual general meeting approves the board of directors’ remuneration report as set out in Appendix 1.
The board of directors proposes that the annual general meeting authorizes the board to, on one or several occasions until the annual general meeting 2023, resolve to transfer the company’s acquired own shares with deviation from the shareholders’ preferential rights and that payment may be made with non-cash consideration. The reason for the proposal is to enable the board to use the company’s own shares as payment for the acquisition of companies.
In order to increase the flexibility to hold general meetings, the board of directors proposes that the general meeting resolves to adopt new articles of association as set out in Appendix 2. The board of directors’ proposal means that:
The CEO, or a person appointed by the board of directors, shall be entitled to make any minor amendments that may be required in connection with registering the resolution with the Swedish Companies Registration Office.
The board of directors proposes that the general meeting resolves on the principles for appointment of nomination committee and instruction to the nomination committee as set out in Appendix 3.
At the time of this notice to attend the annual general meeting, the total number of shares in the company amounts to 26,196,024, of which 2,440,000 shares are of series A and 23,756,024 shares are of series B. The company holds 1,191,976 of the shares of series B, without voting right. The total number of outstanding shares thereby amounts to 25,004,048 with a total number of 46,964,048 votes.
The annual report and the auditor’s report, along with all other documents relating to the proposals will be held available at the company’s premises and on the company’s website at least three weeks prior to the annual general meeting and will be sent shareholders who so request and inform the company of their postal address.
Upon the request of a shareholder, and where the board of directors believes that so may take place without significant harm to the company, the board of directors and the CEO shall provide information in respect of any circumstances which may affect the assessment of a matter on the agenda, any circumstances which may affect the assessment of the company’s or a subsidiary’s financial position, and the company’s relations to another group company.
For information on the how your personal data is processed, please refer to the privacy notice available at Euroclear Sweden AB’s webpage https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.
Trollhättan, March 2022
The board of directors of VBG Group AB (publ)