Notice of Annual General Meeting in Sectra AB (publ)
The shareholders of the medical imaging IT and cyber security company Sectra AB (publ) are hereby invited to the Annual General Meeting of Shareholders held on Thursday, September 7, 2023 at 16.00 (CEST) at Collegium, Teknikringen 7 in Linköping, Sweden.
Shareholders who attend the AGM are invited to visit Sectra’s office at Teknikringen 20 in Linköping after the AGM, where the company will treat visitors with a light meal and show its products designed for a healthier and safer society.
Registration and notification
A shareholder wishing to attend the Annual General Meeting of Shareholders (“AGM”) shall
be entered as a shareholder in the register of shareholders held by Euroclear Sweden AB as of Wednesday, August 30, 2023, and
no later than Friday, September 1, 2023 provide notification to the company in accordance with the instructions in this Notice. For shareholders that choose to submit a postal vote, such postal vote is deemed to be a notification for the AGM, see below.
A shareholder who wishes to participate in the AGM and who holds its shares through a nominee (Sw. förvaltare) must arrange for the shares to be registered in its name so that the shareholder is registered in the register of shareholders as of the record date August 30, 2023. Such a registration can be temporary (so-called voting registration) and shall be requested with the nominee according to the nominee’s requirements at such time in advance as is determined by the nominee. A voting registration that has been completed by the nominee no later than September 1, 2023 will be taken into account when preparing the register of shareholders.
A notification to participate in the AGM shall be submitted in writing by post to Sectra AB (publ), Annual General Meeting, c/o Euroclear Sweden AB, Box 191, 101 23 Stockholm or by phone +46-8-402 58 70. A notification to participate can also be submitted via Euroclear Sweden AB’s website https://anmalan.vpc.se/euroclearproxy/ by way of BankID verification.
A notification shall include the shareholder’s name, personal or corporate registration number, address and phone number and, if relevant, information about any proxy holder or accompanying assistant (not more than two). Proxy holders and representatives of legal entities must submit their proxies in original copies, certificates of registration and other documents of authority well in advance of the AGM on the address set forth above. Proxy forms will be available on the company’s website, https://investor.sectra.com/agm2023 will be sent to shareholders who request it and provides an address. Forms can also be ordered by phone, +46-13-23 52 00, or by e-mail at firstname.lastname@example.org.
The Board of Directors of Sectra has with reference to § 12 in the Articles of Association decided that shareholders shall be entitled to exercise their voting right at the AGM by way of postal voting pursuant to chapter 7 § 4a of the Companies Act (2005:551).
For shareholders who choose to vote by post, a submitted postal vote is deemed to be a notification for the meeting.
In order to submit a postal vote, the shareholders shall use a particular form. The form is available on the company’s website, https://investor.sectra.com/agm2023 and will be sent to shareholders at their request. A completed and signed form shall be sent:
by post to Sectra AB (publ), c/o Euroclear AB, “Annual General Meeting”, Box 191, 101 23 Stockholm, Sweden or
by way of e-mail to email@example.com (refer to “Sectra AB – Postal voting” in the subject line).
The signed form must be submitted to Euroclear Sweden AB no later than September 1, 2023.
Shareholders who are individuals may choose to submit his or her vote digitally by BankID verification via Euroclear Sweden AB’s website, https://anmalan.vpc.se/euroclearproxy/. Such digital votes must be submitted no later than September 1, 2023.
For shareholders who are legal entities, a certificate of registration or other documentation to prove authority must be submitted together with the form.
If the shareholder is represented by proxy (see above regarding obtaining a proxy form), a written proxy must be submitted together with the form for postal vote.
The shareholder may not add particular instructions or conditions to the postal vote. If such instructions or conditions are added, the vote will be considered invalid. Additional information and terms for the completion of the postal vote have been included in the form.
For information on how personal data is processed in relation to the AGM, reference is made to https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.
Opening of the AGM.
Election of a Chairman for the AGM.
Preparation and approval of the voting list.
Approval of the agenda.
Election of two persons to certify the minutes.
Determination of whether the AGM has been duly convened.
Presentation of the Annual Report and the Auditor’s Report and the Consolidated Annual Report and Consolidated Auditor’s Report.
Resolution regarding the adoption of the Profit and Loss Statement and the Balance Sheet and the Consolidated Profit and Loss Statement and Consolidated Balance Sheet.
Resolution regarding the allocation of the company’s profit according to the adopted Balance Sheet.
Resolution regarding the discharge from liability towards the company for the members of the Board of Directors and the Managing Director.
Resolution regarding the number of members of the Board of Directors, auditors and deputies.
Resolution regarding the fees for the Board of Directors and the auditors.
Election of the members of the Board of Directors.
Election of the Chairman of the Board.
Election of the auditor.
Resolution regarding the approval of the remuneration report.
Resolution regarding a compulsory redemption procedure, including
a resolution to implement a share split,
a resolution to reduce the share capital through a compulsory redemption of shares, and
a resolution to increase the share capital through a bonus issue.
Resolution regarding an extension of the ability to allocate share grants under the long term performance based incentive program 2022 (LTIP 2022).
Resolution regarding the authorization for the Board of Directors to issue shares.
Resolution regarding the authorization for the Board of Directors to acquire and dispose of the company’s own shares.
Any other matter.
Closing of the AGM.
Election of Chairman of the AGM, item 2
The Nomination Committee, consisting of Jan-Olof Brüer (Chairman of the Board of Directors and representing his own and related parties’ holdings), Torbjörn Kronander (representing his own and related parties’ holdings), Mats Andersson (Chairman of the Nomination Committee and representing Nordea Investment Funds) and Patrik Jönsson (representing SEB Investment Management), proposes that Per Nyberg or, in case he is unable to serve, the person suggested by the Nomination Committee, is elected Chairman of the AGM.
Election of two persons to certify the minutes, item 5
The Nomination Committee proposes that Patrik Jönsson, representing SEB Investment Management, and Robert Forchheimer or, in case anyone of them is or both of them are unable to serve, the person or persons suggested by the Nomination Committee, are elected to certify the minutes.
Dividend, item 9
The Board of Directors and the Managing Director propose that no ordinary dividend is distributed for the financial year 2022/2023. The Board of Directors instead proposes a redemption procedure as set out in item 17 below.
Board of Directors etc, items 11-15
The Nomination Committee proposes that the Board of Directors shall comprise of seven members without any deputy directors. Anders Persson, Torbjörn Kronander, Tomas Puusepp, Birgitta Hagenfeldt, Jan-Olof Brüer, Fredrik Robertsson and Ulrika Unell are proposed to be re-elected as members of the Board of Directors.
It is proposed that Jan-Olof Brüer is re-elected Chairman of the Board of Directors.
The Nomination Committee’s statement in respect of their proposal and other information regarding the proposed members of the Board of Directors is available at https://investor.sectra.com/agm2023.
The Nomination Committee proposes that Ernst & Young AB is appointed as auditor until the close of the next AGM. Ernst & Young AB has announced that if the AGM approves of the proposal, Authorized Public Accountant Andreas Troberg will be the Auditor in Charge.
It is proposed that director fees shall amount to SEK 290,000 (previously SEK 280,000) for each of the external members of the Board and SEK 580,000 (previously SEK 560,000) for the Chairman of the Board. It is proposed that for the Audit Committee fees shall amount to SEK 65,000 (previously SEK 60,000) for each of the external members of the Board and SEK 130,000 (previously SEK 120,000) for the Chairman of the Audit Committee. No separate fees are proposed to be paid for Remuneration Committee work. Furthermore, the Nomination Committee proposes that the auditor’s fee shall be paid pursuant to approved account.
The Nomination Committee's proposal is supported by shareholders representing more than 65 percent of the votes in the company.
Approval of the remuneration report, item 16
The Board of Directors proposes that the AGM resolve to approve the remuneration report by the Board of Directors according to Chapter 8 Section 53a of the Companies Act (2005:551).
Compulsory redemption of shares, item 17
The Board of Directors proposes that the AGM resolves on a procedure for the compulsory redemption of shares, in accordance with items 17 a - 17 c below. All resolutions are proposed to be conditional upon each other and are therefore adopted as one single resolution. A valid resolution requires the approval of shareholders representing at least two-thirds of both the votes cast and the shares represented at the AGM.
Resolution to implement a share split (item 17 a)
The Board of Directors proposes that the AGM resolves to implement a share split, whereby one share in Sectra is converted into two shares. One of these shares will be a so-called redemption share. The Board of Directors proposes that the record date for the share split shall be October 10, 2023.
Resolution to reduce the share capital through a compulsory redemption of shares
(item 17 b)
The Board of Directors proposes that the share capital is reduced by SEK 19,412,089.50 through the redemption of shares for repayment to the shareholders and for transfer to unrestricted equity to the extent the reduction of the share capital is accomplished by way of the redemption of shares held by the company. The reduction shall be accomplished by way of the redemption of in total 13,103,460 Class A shares and 181,017,435 Class B shares.
The amount payable for each redemption share shall be SEK 1.10. Shares held by the company shall, however, be redeemed without repayment. The maximum redemption amount will thus be SEK 213,532,984.50, provided that the final redemption amount will be less to the extent the company itself owns shares on the record date. The Board of Directors proposes that trading in redemption shares shall take place during the period October 11-20, 2023, and that the record date for the redemption of the redemption shares shall be October 24, 2023. Payment is expected to be made through Euroclear Sweden AB around October 27, 2023.
Resolution to increase the share capital through a bonus issue (item 17 c)
In order to achieve a timely and efficient redemption procedure, without having to obtain permission from the Swedish Companies Registration Office or a court of law, the Board of Directors proposes to restore the company’s share capital to its original amount by increasing the company’s share capital by SEK 19,412,089.50 through a bonus issue without issuing new shares via a transfer from the company’s unrestricted equity to the company’s share capital. Upon completion of the bonus issue, the company's share capital will be restored to its original amount.
The Board of Directors’ explanatory statement in connection with the proposal to reduce the share capital and the auditors opinions thereon in accordance with Chapter 20, Section 8 of the Companies Act, as well as the Board of Directors’ statement in accordance with Chapter 20, Section 13 of the Companies Act and the auditors’ statement in accordance with Chapter 20, Section 14 of the Companies Act will be available at the company’s offices in Linköping and on the company’s website, https://investor.sectra.com/agm2023, at the latest as of August 17, 2023. Shareholders wishing to take part of these documents may notify the company, whereupon the documents will be sent by mail to the address provided.
Extension of the ability to allocate share grants under the long term performance based incentive program 2022 (LTIP 2022), item 18
Background and motive
The 2022 AGM decided to adopt a long term performance based incentive program (LTIP 2022) pursuant to which employees in the Sectra Group have been allocated an individually determined number of so called Share Grants which, provided that certain criteria are met, will entitle the employees to receive so called Performance Shares. The Board of Directors will not present a new incentive program for the 2023 AGM. In order to be able to offer so called Key Persons the possibility to participate in an incentive program the Board of Directors instead proposes that the AGM extends the ability to allocate Share Grants under LTIP 2022, as the Company owns B-shares which are not required for allocation under the previously adopted programs LTIP 2021 and LTIP 2022. The rationale is that Sectra as an employer wants to retain and recruit Key Persons who are expected to contribute to the group's continued good development. The terms adopted for LTIP 2022 will apply to Key Persons that receive Share Grants as a result of the extension provided for under this resolution, unless provided otherwise below.
By receiving compensation under a long term incentive program, well thought-out decision-making and desirable results shall be promoted in a manner that is in line with the company's vision and values. The intention is to increase the participants' affiliation with the company, which is expected to be good for the company in the long term. The Board of Directors wants the employees, through the program, to be encouraged to increase ownership in the company and the proposal entails that certain employees receive a share-based compensation where a condition for it to be paid is that certain criteria must be met. Participation in the program is voluntary.
The Board of Directors’ proposal is set out below. In order to obtain a valid decision, it is necessary to obtain the support of shareholders representing at least nine tenths of the votes cast as well as of the shares represented at the AGM.
Terms and instructions
As a result of the incentive programs adopted by the 2021 and 2022 AGMs (LTIP 2021 and LTIP 2022), a total of 1,453,406 C-shares have been issued, which the company has repurchased and converted into B-shares. Of the total number of shares thus repurchased and converted into B-shares, the company has currently allocated a total of 453,406 B-shares to LTIP 2021 and 1,000,000 B-shares to LTIP 2022 (including shares for the financing of social security contributions). Under LTIP 2022, employees have been allocated Share Grants corresponding to 740,500 B-shares of the 780,000 that are available for allocation (excluding shares to finance social security contributions) and the company therefore holds 39,500 B-shares that are not required for the previous programs. Thus, the Board of Directors proposes that it should be able to allocate 39,500 Share Grants to Key Persons. In total, this means a maximum dilution for the incentive programs LTIP 2021 and LTIP 2022, including the allocation that could be made under this decision, of approximately 0.8 percent.
The Employment Condition means that the person is deemed by the Remuneration Committee to fulfill the criteria for a Key Person (see below) and who commences his or her employment after the AGM on 7 September 2023 but not later than the day for the AGM 2024. Permanent and probationary employees who are on sick leave, on leave of absence or on parental leave are also covered by the program. The Board of Directors has the right to make exceptions from these terms if, according to the Board of Directors’ reasonable assessment, there are special reasons.
A Key Person is an employee who (i) makes extraordinarily strong contributions to the Sectra Group's development, (ii) is in a senior position, (iii) has particular specialist competence or (iv) in any other way is considered of special importance for the Sectra Group's development.
The Qualification Period refers to 1 January 2024 - 31 December 2027, if the employment commences before the expiry of 2023, and 1 January 2025 – 31 December 2027, if the employment commences after the expiry of 2023.
A Performance Share refers to a Series B share in the company.
A Share Grant refers to a right to receive a Performance Share free of charge, provided that certain conditions are met. If the company carries out a bonus issue, split, aggregation of shares or a similar measure, as a result of which the number of shares in the company changes, the Board of Directors shall be entitled to recalculate the number of Performance Shares that the participants may be entitled to at a conversion of a Share Grant, if the Board of Directors considers such a recalculation to be called for with reference to the purpose of LTIP 2022.
It should be possible to allocate Share Grants to Key Persons from the day of the 2023 AGM until and including the day for the 2024 AGM up to a total number of not more than 20,000 per person. Since the Qualification Period for Key Persons under this proposal is shorter than the Qualification Period according to the terms of LTIP 2022 that were adopted by the 2022 AGM, a Key Person’s allocation shall correspond to four fifths (4/5) of what an equivalent person would have received if such a person had been subject to the original terms for LTIP 2022, if the Key Person commences his or her employment before the expiry of 2023, and three fifths (3/5) of what an equivalent person would have received if such a person had been subject to the original terms for LTIP 2022, if the Key Person commences his or her employment after the expiry of 2023.
Share Grants shall be allotted free of charge, after the participant has entered into an agreement with Sectra relating to the allotment of Share Grants and in which the terms of participation are described in more detail.
The right to receive Performance Shares is earned during the Qualification Period. Share Grants may not be transferred, pledged or otherwise transferred to others, with the exception of the participant’s estate.
In order to be able to exercise a Share Grant and thereby obtain a Performance Share, the following performance conditions ("Performance Conditions") must be met:
The participant must have fulfilled the Employment Condition during the entire Qualification Period. If the participant leaves the employment during a calendar year, the participant is not considered to have been employed at all during such calendar year, but still during previous calendar years during the Qualification Period. The more detailed conditions for participants entitlement to receive Performance Shares, even if they are leaving their employment, shall be determined by the Board of Directors.
For employees in companies other than Sectra Communications AB and its subsidiaries (the Sectra Communications Group), Sectra must for each calendar year during the Qualification Period have achieved (1) at least one “Best in KLAS” (in any category) in the employee’s own region and (2) first, second or third place in "Best in KLAS for PACS / Radiology for large hospitals" in the USA. The term region shall mean (i) for employees in the United States: the United States, (ii) for employees in Canada: Canada, (iii) for employees in Europe (including Sweden): Europe and (iv) for employees in ANZ: Asia Pacific. For employees within central functions in Sweden (i e Sectra AB, Sectra Imaging IT Solutions AB, Sectra Education AB and Sectra Orthopaedics AB) and employees outside the regions of the United States, Canada, Europe and Asia Pacific Sectra shall, as regards performance criteria (1), for each calendar year during the Qualification Period have achieved at least two “Best in KLAS” in any category in any of the regions.
If for a particular year KLAS would not grant these awards or the conditions for participating in KLAS’ evaluations would change, Sectra’s Board of Directors may determine that a different customer satisfaction criteria should be used for that particular year.
Best in KLAS means that Best in KLAS which is granted a particular year (typically in the beginning of the year) and is determinative for the fulfillment of the performance criteria for the calendar year to which the award makes reference. Example: if Sectra achieves Best in KLAS 2024 that award is relevant for the fulfillment of the performance criteria 2024.
For employees in the Sectra Communications Group, for each calendar year during the Qualification Period, the Sectra Communications Group must have achieved (1) an operating margin (EBIT margin) of at least 10 percent, as regards the financial year 2022/2023, and of at least 15 percent, as regards subsequent financial years and (2) a turnover growth of at least 10 percent compared to the previous year. In case of an acquisition or a transfer of a business during a particular year, the Sectra’s Board of Directors shall determine what impact it will have on the performance criteria.
For the Sectra Communications Group the final accounts that occurs in a particular calendar year shall be determinative for the fulfillment of the performance criteria that particular calendar year. Accordingly, it is the operating margin and turnover growth for the financial year that comes to an end during a particular calendar year that is relevant for the fulfillment of the performance criteria. Example: For the calendar year 2024 it is therefore the final accounts for the financial year 2023/2024 that is relevant.
In the event of transitions between the Sectra Communications Group and other companies within the Sectra Group, the criteria for the program you leave will apply up to and including the calendar year during which the transition occurs and the program to which you transition shall be applied from the first full calendar year after the transition has taken place.
For each calendar year during the Qualification Period that one of the above-mentioned Performance Conditions has not been met, one eighth or one sixth (depending on when the participant commenced his or her employment, see above under Allocation) of the participant's all Share Grants shall lapse. When allocating Performance Shares, the total sum of the number of Share Grants is rounded down to the nearest whole number.
Allotment of Performance Shares takes place within 60 days from the end of the Qualification Period.
Preparation of the proposal
The proposal to extend the possibility to allocate Share Grants under LTIP 2022 has been prepared by the company's Board of Directors in consultation with external advisors and has been processed by the Board of Directors at a meeting on 5 July 2023.
Design and handling
The decision by the 2022 AGM provides that the Board of Directors shall be responsible for the detailed design and handling of LTIP 2022, within the framework of the specified terms and instructions, including provisions for recalculation in the event of changes in Sectra's capital structure such as intermediate bonus issue, split, aggregation of shares or a similar measure, as a result of which the number of shares in the company changes. In connection with this, the Board of Directors shall have the right to make adjustments to comply with special foreign rules or market conditions. The Board of Directors shall also, if there are significant changes in the Sectra Group or its surroundings, which would mean that decided conditions for the allocation and vesting of Share Grants according to LTIP 2022 are no longer appropriate, have the right to make other adjustments. Before the Board of Directors decides on vesting and payment in accordance with the terms of the Share Grants, the Board of Directors shall determine whether the outcome from LTIP 2022 is reasonable. This determination shall be performed in relation to the company's financial results and position, the conditions on the stock market and otherwise. If the Board of Directors, in its determination, concludes that the outcome is not reasonable, the Board of Directors shall be able to reduce the number of Class B shares to be allotted.
Transfer of Performance Shares in accordance with LTIP 2022
The decision by the 2022 AGM provides that the Board of Directors may transfer B shares after the expiry of the Qualification Period partly free of charge to participants in LTIP 2022 and partly through the stock exchange to finance the costs of social security contributions related to LTIP 2022 as provided for in LTIP 2022.
Costs and impact on important key ratios
In the proposal to the 2022 AGM it was explained that assuming a share price of SEK 135 upon allotment of the Share Grants, and a share price of SEK 205 when shares are transferred upon vesting and expected outcome for LTIP 2022, the cost, including estimated costs for social security contributions, was estimated to amount to approximately SEK 120.7 million for the entire period of five years. This corresponded to approximately 12.8 percent of the Sectra Group's salary costs for 2022. The finally reported cost depends on the degree to which performance and employment conditions are met and on the value development of Sectra's share price. The costs of administering the program will be minimized and taken on an ongoing basis but is still estimated to a maximum of 5 percent of the total scope of the program.
LTIP 2022 is reported in accordance with IFRS 2 Share-based Payments (Sw: Aktierelaterade ersättningar) and the cost of social security contributions will be reported in accordance with UFR 7 IFRS 2 and social security contributions for listed companies (Sw: IFRS 2 och sociala avgifter för noterade företag). This means that the fair value of the Share Grants when allocating the Share Grants will be recognised as an employee cost and accrue over the vesting period, based on ongoing assessments and finally on the final outcome of the performance and employment conditions. The cost of social security contributions is accrued in a corresponding manner but on an ongoing basis and finally upon vesting based on the current share price.
Dilution of existing shares and votes
With a maximum allotment of Performance Shares according to LTIP 2022, including the Performance Shares that the participants are entitled to as a result of Share Grants allocated pursuant to this decision, up to 780,000 Class B shares may be allotted to participants in accordance with LTIP 2022 and 220,000 Class B shares may be used to finance the cost of social security contributions as a result of LTIP 2022, which means a maximum dilution effect for both incentive programs LTIP 2021 and LTIP 2022 of about 0.8 percent.
Resolution regarding authorization for the Board of Directors to issue new shares, item 19
The Board of Directors proposes that the AGM resolves to authorize the Board of Directors to issue, on one or several occasions, during the period until the next AGM, not more than 18,500,000 Class B shares for payment in cash, payment by set-off of claims or payment in kind, and that for issues where payment is made by set-off of claims, the Board of Directors shall be able to disregard the shareholders’ preferential rights. The subscription price of the new shares shall be determined on the basis of the prevailing market price of the Class B shares at the time of the issue. The purpose of the authorization is to facilitate the use of newly issued shares in connection with the implementation of or for the financing of acquisitions of companies or businesses or parts thereof and in connection with market investments.
A valid resolution requires approval of shareholders representing at least two-thirds of both the votes cast and the shares represented at the AGM.
Resolution regarding authorization for the Board of Directors to acquire and dispose of the company’s own shares, item 20
The Board of Directors proposes that the AGM resolves to authorize the Board of Directors to, on one or several occasions, during the period until the next AGM, resolve on the acquisition of shares of the company. Such shares may be acquired up to a maximum amount not at any time exceeding 10 percent of the total number of shares issued by the company (including such shares that are acquired for the fulfillment of incentive programs). Acquisitions of shares shall be made either on Nasdaq Stockholm at a purchase price within the range of share prices registered at any given time for the Class B shares, meaning the spread between the maximum buying rate and the minimum selling rate, or by way of an offer to all shareholders, whereby the purchase shall be made at a price which at the time of the decision corresponds at a minimum to the prevailing market price for the Class B shares and at a maximum to 150 percent of the prevailing market price for the Class B shares. The same price shall apply for Class A shares and Class B shares.
The Board of Directors also proposes that the Board of Directors shall be authorized to resolve, on one or several occasions during the period until the next AGM, to dispose all shares held by the company, via Nasdaq Stockholm or in connection with the acquisition of companies or businesses or parts thereof, in connection with market investments, for hedging costs that may arise relating to the company’s incentive programs and for a continuous adaptation of the company’s capital structure and thereby contributing to increased shareholders’ value. The shareholders shall have a preferential right to acquire the shares in accordance with the provisions in the articles of association regarding the preferential right to subscribe for new shares, provided that the board of directors shall be entitled to deviate from the preferential right if the shares are paid for by way of set-off or if the purpose with the disposal is to secure the costs that arise as a result of the company’s incentive program. A disposal of shares via Nasdaq Stockholm may only be made at a price within the range of share prices registered at any given time.
A valid resolution requires approval of shareholders representing at least two-thirds of both the votes cast and the shares represented at the AGM.
The Board of Directors’ motivated statement in accordance with Chapter 19, Section 22 of the Companies Act will be available at the company’s offices in Linköping and on the company’s website, https://investor.sectra.com/agm2023, at the latest as of August 17, 2023. Shareholders wishing to take part of the statement may notify the company, whereupon it will be sent by mail to the address provided.
Valid resolutions under items 17, 19 and 20 above require the support of shareholders holding not less than two-thirds of both the votes cast and the shares represented at the AGM. A valid resolution pursuant to item 18, requires the support of shareholders holding not less than nine-tenths of both the votes cast and the shares represented at the AGM.
The Board of Directors’ complete proposals will be available at the company’s offices in Linköping and on the company’s website, https://investor.sectra.com/agm2023 at the latest as of August 17, 2023. This is also where the annual report, which was made public on 6 July 2023, is available. Shareholders wishing copies of these documents may notify the company, whereupon the documents will be sent by mail to the address provided.
In accordance with Chapter 7, Section 32 of the Companies Act, at the AGM the shareholders are entitled to request information from the Board of Directors and the Managing Director in respect of any circumstances which may affect the assessment of a matter on the agenda and any circumstances which may affect the assessment of the company’s financial position.
At July 31, 2023, the company’s’ share capital amounted to SEK 38,824,179 allocated among a total of 194,120,895 shares, of which 13,103,460 Class A shares with ten votes each and 181,017,435 Class B shares with one vote each, that is, a total of 312,052,035 votes. The company owns 1,453,406 Class B-shares which cannot be represented at the AGM.
Linköping in August 2023
Sectra AB (publ)
The Board of Directors
This information constitutes information that Sectra AB (publ) is obliged to make public pursuant to Nasdaq’s Nordic Main Market Rule Book for Issuers of Shares. The information was submitted for publication, through the agency of the contact person set out below, at 8.20 a.m. (CEST) on August 7, 2023.
For additional information, please contact:
Torbjörn Kronander, CEO and President Sectra AB
Phone 013-23 52 27, email firstname.lastname@example.org