Notice of the Extraordinary General Meeting of Rabbalshede Kraft AB (publ)
Rabbalshede Kraft AB (publ), Corp. Reg. No.: 556681-4652, hereby gives notice to shareholders to attend the Extraordinary General Meeting on Tuesday 31 January 2017 at 1:00 p.m. at Elite Park Avenue Hotel, Kungsportsavenyn 36-38 in Gothenburg, Sweden. Registration for the Annual General Meeting starts at 12:30 p.m.
Rabbalshede Kraft summons an Extraordinary General Meeting to address inter alia the following items.
1) Reduction of the share capital for allocation to unrestricted shareholders’ equity;
2) Resolution on directed share issue; and
3) Appointment of board members.
The board of directors suggest that the company’s share capital shall be reduced for allocation to unrestricted shareholders’ equity to be used in accordance with resolutions of future general meetings. Through allocation to unrestricted shareholders’ equity the company’s share capital will be reduced with the total amount of SEK 126,843,931.
The board of directors suggests that the capital increase will be of up to SEK 300,000,000 and be subscribed entirely by Greystone Infrastructure Fund (Global Master) L.P. and STRP Infrastructure Fund LP (the “Investors”)* by issuing Class B shares in the company to the Investors jointly owned company. The subscription price of each class B share shall be SEK 8.50.
The reason for the Board proposing to derogate from the shareholders’ pre-emptive rights is that it is deemed advantageous for the company that the Investors be given the possibility to become a shareholder in the company since this strengthens the shareholder base of Rabbalshede Kraft.
The Investors are long term institutional investors and the private placement would improve the financial position of the company. The subscription price has been determined through negotiations and constitutes an assessed market value.
With this investment, the Investors would become the second largest shareholder with approximately 21 % of the capital after Manor which remains the largest shareholder with approximately 45 % of the capital.
The subscription for shares would take place no later than February 1, 2017.
Any shareholder wishing to participate at the Extraordinary General Meeting (EGM) must;
- be recorded as a shareholder in the share register maintained by Euroclear Sweden AB (previously VPC AB) as of Wednesday, 25 January 2017,
- and must give notice of their intention to participate at the Meeting to the company by telephone +46 (0) 525 197 00, by e-mail to firstname.lastname@example.org, or by letter addressed to Rabbalshede Kraft AB (publ), Marknadsvägen 1, SE-457 55, Rabbalshede, Sweden not later than 5:00 p.m. on Wednesday 25 January 2017
Shareholders whose shares are registered with a trustee must temporarily re-register their shares in their own name with Euroclear Sweden AB to be entitled to participate in the EGM. This means that shareholders should notify the trustee in ample time to allow registration in the share register by Wednesday 25 January 2017.
Official notification of the Extraordinary General Meeting will be published in Post- och Inrikes Tidningar and on Rabbalshede Kraft’s website on Tuesday, January 10, 2017. Announcement that the official notification has been made will be published on the same date in Dagens Industri and Göteborgs-Posten.
For additional information, please contact:
Britta Ersman, Financial and IR Manager, Tel. +46 (0) 702-79 79 43,
This is Rabbalshede Kraft
Rabbalshede Kraft AB (publ) plans and establishes proprietary land-based wind farms, in collaboration with other players or for divestment whereby the Company is able to offer operating services. Rabbalshede Kraft was formed in 2005 and currently manages 134 wind turbines of which 71 turbines, in the eight wind farms, are in-house. The electricity produced from the Company’s wind farms in operation is sold in the open electricity market, Nord Pool. Follow the Company's progress at www.rabbalshedekraft.se
This is Manor
Manor is a long term investor in the field of natural resource efficiency. As a private industrial company, Manor provides long-term development capital to entrepreneurs and industrial projects. Manor's objective is to operate from a select number of platform companies all geared towards a better and more efficient use of energy and natural resources. Manor is active in clean energy in France, Sweden and Austria and in agriculture technologies in 15 geographies. Follow the Company at www.manor-group.com
Greystone Managed Investments Inc
Founded in 1988, Greystone Managed Investments Inc. is a privately owned Canadian institutional investment manager. Employee-controlled, the firm is one of Canada’s largest independent institutional money managers with over $30 billion in assets under management. Greystone offers in-house expertise in fixed income, Canadian equities, U.S. equities, international equities, infrastructure, and real estate and mortgages. Greystone is headquartered in Regina, with offices in Toronto, Winnipeg and Hong Kong. For more information about Greystone Managed Investments Inc., visit https://www.greystone.ca/ .