Annual General Meeting

The Annual General Meeting is Lundberg's highest decision-making body. At the AGM, it is informed of the company's development in the past year and decisions are made regarding proposals from the Board of Directors and shareholders. Among other things, earnings and balance sheets are determined, a dividend is decided and the Board of Directors is elected, which according to the Articles of Association shall consist of a minimum of five and a maximum of ten members. Furthermore, the auditor is elected and the fees are determined and other statutory matters are dealt with.

Notice convening the annual general meeting

The notice convening the annual general meeting is issued no earlier than 6 weeks and no later than 4 weeks prior to the meeting. The notice contains information about the notification of a shareholders’ participation in the meeting and the right to participate and to exercise the voting rights, the agenda for the meeting with the items in numerical order, the proposed dividend and the main contents of other proposals.

In order to have a matter addressed at the general meeting, a proposal has to be received in writing by the Board of Directors no later than seven weeks before the meeting (or in due time for the matter to be included in the notice convening the general meeting), in order to be included on the agenda. Proposals for resolutions in matters already included on the agenda of the meeting must have been received by the Board of Directors in writing no later than three weeks before the meeting. However, as regards matters for which a proposal does not have to, under law or the articles of association, be submitted a certain time in advance (such as election of chairman of the general meeting, election of board members and auditors, fees to board members and auditor, and proposals by minority shareholders for dividend), each shareholder has the right to submit such proposal during the period up until the general meeting.

Proposals shall be submitted to the company at L E Lundbergföretagen AB (publ), Att: Annual General Meeting, SE-601 85 Norrköping, Sweden.

It follows from the agenda for the meeting what items that constitute elections or that require resolutions, and what items that are included for information purposes. In respect of items constituting elections, the  meeting elects the person or persons who receive the most votes. Items on the agenda that require a resolution by the meeting are subject to a binding vote whereby the shareholders vote in favor or against or abstain from voting in the matter.

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