Press release from the Extraordinary General Meeting of Rabbalshede Kraft AB (publ)
Rabbalshede Kraft AB (publ) (the “Company”) held an Extraordinary General Meeting today, January 31, 2017, in Gothenburg under the chairmanship of Karl-Erling Trogen. The Meeting resolved on the reduction of the share capital for allocation to unrestricted shareholders’ equity, on a directed share issue to Greystone Sweden Venture AB, (the “Investor”) and appointment of new board members. Bertil Villard was elected as new Chairman of the Board.
The Extraordinary General Meeting resolved on the reduction of the Company’s share capital for allocation to unrestricted shareholders’ equity with the total amount of SEK 126,843,931. The Meeting further resolved on the directed issue of shares to the Investor. The Meeting resolved on that the Company’s share capital shall increase by a maximum of SEK 176,450,000 by issuing a maximum of 35,290,000 Class B shares in the Company.
The Extraordinary General Meeting resolved, in accordance with the Nomination Committee's proposal, that the Company's board of directors shall consist of six elected directors. The Meeting further resolved to re-elect Karin Kronstam, Jean Baptiste Oldenhove and Matthieu Baumgartner and to elect Bertil Villard, Annika Ahl Åkesson and Jeff Mouland as new board members. Bertil Villard was elected as Chairman of the Board for the period through the end of the next Annual General Meeting.
Furthermore, the Meeting resolved in accordance with the Nomination Committee’s proposal regarding Board fees. Karin Kronstam shall be paid the fees decided at the Annual General Meeting on 1 June 2016 for the period through the end of the next Annual General Meeting. Jean Baptiste Oldenhove, Matthieu Baumgartner, Annika Ahl Åkesson and Jeff Mouland shall not receive any fees for the period through the end of the next Annual General Meeting. Bertil Villard shall be paid SEK 87,500 for the period through the end of the next Annual General Meeting. The Meeting resolved on that the board of directors shall be paid fees totaling SEK 458,500 for the period from 1 January 2016 to 1 June 2016, of which SEK 146,000 be paid to the chairman and SEK 62,500 to each member of the board of directors with the option for each member of the board of directors to waive his or her fees if he or she desires.
Bertil Villard (b 1952) is a member and chairman of the board of Landsort Care 1-3 AB, member and chairman of the board of Strax AB, member of the board of Prior & Nilsson Fond- och Kapitalförvaltning AB, member of the board of Cleanenergy AB, member of the board of Polaris Invest A/S and Polaris Management A/S, member of the board of SamSari AB and Samsari Act Group AB, member of the board of ECODC AB.
Jeff Mouland (b 1967) is a member and Chairman of the Board of Ballycadden Wind Farm Ltd., member of the Board of Silicon Ranch Corporation, and member of the Board of Smiling Land Foundation.
Annika Ahl Åkesson (b 1965) is CFO of Ernst Rosén AB.
The minutes of the General Meeting as well as more information about the decisions are available on the Company website www.rabbalshedekraft.se
For additional information, please contact:
Britta Ersman, Financial and IR Manager
Tel. +46 (0) 702-79 79 43
E-mail; britta.ersman@rabbalshedekraft.se
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 Greystone Infrastructure Fund and Greystone Managed Investments Inc.
The Greystone Infrastructure Fund has a global mandate that targets diversified mid-market infrastructure assets with attractive risk-adjusted returns, capable of providing predictable and stable cash flows over the long term. The Greystone Infrastructure Fund forms part of the alternatives asset class managed by 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/