IES Nomination Committee ahead of Annual General Meeting 2017

The Nomination Committee of Internationella Engelska Skolan i Sverige Holdings II AB (“Internationella Engelska Skolan” or “IES”) consists of representatives of the three main shareholders included in the company’s shareholder register as of 30 April 2017.

The main purpose and responsibility of the Nomination Committee is to present proposals for the election and remuneration of the Chairman and the Board of Directors as well as the Auditors to the Annual General Meeting 2017. On 30 April 2017, the three largest shareholders of Internationella Engelska Skolan were IES Holdings I (71.2% of the votes), Investment AB Öresund (5.8% of the votes) and Swedbank Robur Fonder (5.0% of the votes), corresponding to a total ownership of 82.0% of the votes in the company. They have appointed the following representatives to the Nomination Committee:

  • Birker B. Bahnsen, TA Associates. TA Associates act as advisors to Mountainstream Holding II S.à.r.l. (71.0% of the votes in IES Holdings I) and Bock Senior Capital Investors S.à.r.l. (4.9% of the votes in IES Holdings I)
  • Hans Bergström (Hans and Barbara Bergström control 23.6% of the votes in IES Holdings I via Mountainstream Holding I S.à.r.l.)
  • Öystein Engebretsen, Investment AB Öresund
  • Marianne Flink, Swedbank Robur Fonder

The above calculation is based on 40,050,000 shares, which represents the total number of ordinary shares in Internationella Engelska Skolan.

Internationella Engelska Skolan’s Annual General Meeting for the financial year 1 July 2016 – 30 June 2017 will be held on 17 November 2017. In order for the Nomination Committee to be able to evaluate the proposals received with due care, proposals must be submitted by no later than 28 September 2017. The Nomination Committee’s proposals will be presented in the Notice convening the Annual General Meeting 2017 and on the company’s website.

Shareholders in Internationella Engelska Skolan should send proposals to the Nomination Committee by email to

Internationella Engelska Skolan i Sverige Holdings II AB discloses the information provided herein pursuant to the EU’s Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the below contact, on 18 May 2017 at 08:15 CET.

For more information, please contact:

Johan Hähnel, Investor Relations, IES
Tel: +46 (0)70 605 6334

About Internationella Engelska Skolan

Internationella Engelska Skolan, IES, is one of the leading free school operators in Sweden with some 21,400 students in 30 schools in the academic year 2016/17. IES operates schools for students in grades 1-12. Its main focus is grade 4-9, what is often called “middle school”. Within the compulsory school system in Sweden, IES is the leading independent actor, operating nine of the ten largest free schools. IES results on the national tests in grade 9 are far above average in Sweden.

Internationella Engelska Skolan was founded in 1993 and is in its 24th year of operation. It continues to be defined by three strong convictions, established by the founder, Mrs. Barbara Bergström:

  • A safe and orderly environment, where teachers can teach and students learn.
  • To command the English language—the key to the world.
  • High academic expectations.

Up to half of the teaching in IES schools is performed in English, by native English speaking teachers. Over 700 teachers with qualified foreign teaching degrees are currently teaching in IES schools. They are mainly recruited from Canada, USA, UK and South Africa.

IES has shown a strong and consistent growth for a number of years. Average organic growth during the last ten years is 19 % per year. Turnover during the latest concluded operational year, 2015/16, was 1 807 MSEK (growth of 17 % from previous year). As of 31 March 2017, there were approximately 144,000 applications in the waiting list to secure a place for the forthcoming year.

Internationella Engelska Skolan has been listed on Nasdaq Stockholm Mid Cap with the ticker ENG since the end of September 2016. The largest shareholders of IES are TA Associates of the US, which has close affiliations to leading universities and foundations in the US, and IES’s founder Barbara Bergström. Other major shareholders as of the end of April 2017 include Swedbank Robur fonder, investment company Öresund, Norron Asset Management, the Third Swedish National Pension Fund and AMF Försäkring & Fonder (owned jointly by LO, The Swedish Trade Union Confederation and the Confederation of Swedish Enterprise).  



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