Notification of the Annual General Meeting in AVTECH Sweden AB (publ)
The shareholders of AVTECH Sweden AB (publ) are hereby invited to attend the Annual General Meeting of the Company on Wednesday, June 20 2012 at 10.00 am in the company’s offices in Lönnvägen 2, Åkersberga, Sweden.
Right to attend the meeting
Shareholders wishing to participate in the Meeting must be recorded in the share register maintained by Euroclear Sweden AB no later than Thursday, June 14 2012, and inform the Company of their intention to participate and of any advisors that the shareholder intends to be accompanied by at the Meeting, no later than June 14 June 2012 at. 4.00 pm. Shareholders whose shares have been registered in the name of a trustee must temporarily have the shares re-registered in their own name no later than June 14 2012. Such registration should be requested in accordance with the trustee’s requirements to meet this deadline.
Applications to participate in the meeting
Application to participate in the Annual General Meeting shall conform to one of the following options: by ordinary mail to AVTECH Sweden AB, Lönnvägen 2, 183 43 Åkersberga, Sweden, att: Jonas Saric; by telephone +46 8-544 104 80, by fax +46 8-544 104 89 or by e-mail to firstname.lastname@example.org. In their notification, shareholders should state their name, personal identity number, telephone number and the name of any advisors. If participation is by proxy, the power of attorney and – assuming the issuer of the power of attorney is a legal entity – certified proof of registration, or other document proving the signatory’s authorization, must be sent to the Company prior to the Meeting.
Proposed agenda for the meeting
- Election of Chairman of the Meeting (see below).
- Preparation and approval of voting list.
- Approval of the Agenda.
- Election of either one or two minutes-checkers.
- Determination of whether the Meeting has been duly convened.
- Presentation of the annual report and the auditor’s reports and the consolidated financial statements.
- Adoption of the Parent Company’s income statement and balance sheet and the consolidated income statement and balance sheet.
- Disposition to be made of the company’s profits in accordance with the adopted balance sheet.
- Adoption of decision regarding the discharge of the members of the Board of Directors and of the President from personal liability.
- Decision regarding number of Board members.
- Decision regarding remuneration of the Board and auditing firm.
- Election of Board and Chairman of the Board.
- Proposal for authorization
- Other issues
- Closing of meeting
Disposition of the company’s profits (bullet 8)
The Board proposes that dividend for the fiscal year 2011 is not paid.
Election of Board et cetera (bullet 10-12)
Shareholders representing more than 60% of the votes suggest re-election of the current Board members Lars Lindberg, Christer Staaf, Christer Fehrling and Ingvar Zöögling and election of Johan Bronge. Lars GV Lindberg is suggested to be re-elected as Chairman of Board. Board remuneration is suggested to be 175 000 Swedish kronor per annum, of which each member shall receive 35 000 Swedish kronor. The auditors are suggested to receive fees according to approved bills.
Proposal for authorization (bullet 13)
The number of shares in AVTECH Sweden AB (publ) is 12 809 761. The number of votes in AVTECH Sweden AB is 103 092 613.
The Board proposes that the Annual General Meeting authorizes the Board to, on one or more occasions until the next Annual General Meeting, to issue new shares, convertible bonds and / or warrants for cash and to deviate from the shareholders preferential rights. The number of shares issued shall together amount to no more than 4 269 887. The purpose of the authorization is to enable the Board to raise working capital at merchantable conditions and to enable the issue of shares to industrial partners in the framework of partnerships and alliances. If an issue is made without preferential rights, the price of shares shall connect closely to the price of the company's shares on First North at the time of the issue. Assuming full exercise of the authorization, the newly issued shares will represent about 25 percent of equity.
The Annual Report for the fiscal year 2011 is made available by the Company at its address Lönnvägen 2, 183 43 Åkersberga as of June 6 2012 and will be sent to shareholders as per request.
Stockholm May 2012
AVTECH Sweden AB (publ)
(The Swedish/original version of this notification is available at http://avtech.aero/news/)
About AVTECH Sweden AB (publ)
AVTECH develops products and services for digital Air Traffic Management (ATM). Its customers include the global aviation industry; e.g. airlines, airports, aviation authorities, technology companies and airline manufacturers. By using AVTECH’s products and services, each individual flight as well as the entire airline operation can be optimized in terms of cost, noise and emission, efficiency, punctuality and safety. The head office is in Stockholm, Sweden with subsidiaries in Toulouse, France and Dubai, U.A.E. AVTECH Sweden AB is listed on NASDAQ OMX First North and has appointed Thenberg & Kinde Fondkommission AB as Certified Adviser.