Report from Extraordinary General Meeting in Momentum Group AB on 2 December 2021
The following resolutions, among others, were resolved at the Extraordinary General Meeting (the “Meeting”) in Momentum Group AB (publ) (the “Company”) held today, 2 December 2021.
Resolution regarding amendments to the Articles of Association
The Meeting resolved, in accordance with the Board’s proposal, to change the wording of Article 1 of the Articles of Association regarding change of registered name from Momentum Group AB to Alligo AB. Following the registration of the new registered name with the Swedish Companies Registration Office (Sw. Bolagsverket) the Company will complete the change of registered name by way of publishing an updated website and changing its short name (ticker) to ALLIGO B at Nasdaq Stockholm.
The change of registered name is part of the preparations for a separate listing of the business area Components & Services on Nasdaq Stockholm through a listing of the subsidiary Momentum Group Komponenter & Tjänster AB under the registered name Momentum Group AB. Accordingly, Momentum Group Komponenter & Tjänster AB has today resolved to change its registered name to Momentum Group AB. As a further part of the preparations for a separate listing the subsidiary Alligo Holding AB has elected a new Board of Directors consisting of Göran Näsholm (Chair), Johan Sjö, Stefan Hedelius, Christina Ågvist, Johan Eklund and Cecilia Marlow. The Nomination Committee of the Company intends to, in connection with the separate listing, propose a new Board of Directors of Alligo AB that corresponds to the Board of Directors of Alligo Holding AB.
Resolution regarding authorisation for the Board of Directors to carry out a cash redemption of 2018/2022 call options
The Meeting resolved, in accordance with the Board’s proposal, to approve the offer of a cash redemption of the 240,000 call options outstanding in the Call Option Programme 2018/2022 to the call option holders. The redemption price for the call options shall correspond to the market value of the call options using an external independent assessment in accordance with a generally accepted valuation method.
Information regarding the Meeting
For more detailed information regarding the content of the resolutions, please refer to the notice to the Meeting and the complete proposals, which have previously been published and are available on the Company’s website, www.momentum.group, under: Corporate Governance / General Meetings of Shareholders.
Stockholm, 2 December 2021
Momentum Group AB (publ)
For further information, please contact:
Clein Ullenvik, CEO & President – Tel: +46 8 712 00 00 / e-mail: clein.ullenvik@alligo.com
This information is such that Momentum Group AB (publ) is obliged to make public pursuant to Nasdaq Stockholm’s Rule Book for Issuers. The information was submitted for publication on 2 December 2021 at 13:00 CET.
Momentum Group is a leading reseller of industrial consumables and components, services and maintenance to professional end users in the industrial, construction and public sectors in the Nordic region. The Group has annual revenue of approximately SEK 9.5 billion and some 2,700 employees. Momentum Group AB (publ) has been listed on Nasdaq Stockholm since June 2017. Read more at www.momentum.group.