Bulletin from the Extraordinary General Meeting on 23 October 2023 in Cabonline Group Holding AB (publ)

An extraordinary general meeting in Cabonline Group Holding AB (publ) (“Cabonline” or the “Company”) was held today, Monday 23 October 2023.

Amendment of the articles of association

The Extraordinary General Meeting resolved, in accordance with the board of directors’ proposal, to amend the Company´s articles of association. Following the amendment, shares can inter alia be issued in seven classes instead of three classes: A-shares, B-shares, D-shares, D1-shares, D2‑shares and E-shares which are ordinary shares and C-shares which are preference shares. The distribution preference amongst the shares will also change.

Conditional upon the board of directors exercising the authorisation stated below, the share capital in the Company shall be not less than SEK 70,000,000 and not more than SEK 280,000,000 and the number of shares shall be not less than 7,000,000,000 and not more than 28,000,000,000.

Authorisation for the board of directors to resolve on issue of shares

The Extraordinary General Meeting resolved, in accordance with the board of directors’ proposal, to authorise the board of directors to, at one or several occasions until the annual general meeting 2024, with or without deviation from the shareholders’ preferential rights, resolve to issue new shares in the Company. The purpose of any share issuance shall be to complete the transaction that was announced by the Company on 15 July 2023 and further described in the written procedure under the Company’s up to SEK 2,000,000,000 senior secured sustainability-linked floating rate notes 2022/2026 with ISIN SE0017767346 that was initiated by the Company on 20 September 2023. Completion of the transaction will tentatively take place during week 45 2023.

Election of new board members

The Extraordinary General Meeting resolved to elect Peter Viinapuu (chair), Julian Russ and Thomas Naess as new board members for the period until the close of the annual general meeting 2024 and the previous members of the board are stepping down. The board of directors will thus consist of four (4) board members: Peter Viinapuu (chair), Julian Russ, Thomas Naess and Dag Kibsgaard-Petersen. It was resolved that a fee of SEK 800,000 per year shall be paid to Peter Viinapuu in proportion to the length of his term of office, from the time when he accedes as board member until the next annual general meeting. No fees are paid to the other board members. The resolution shall be conditional upon, and take legal effect in connection with, the completion of the transaction described above. Completion of the transaction will tentatively take place during week 45 2023.

Minutes

The minutes from the general meeting will be available at the Company and on the Company’s website, cabonlinegroup.com/en

For further information, please contact:
Dag Kibsgaard-Petersen, CEO, tel +47 400 11 981, dag.kibsgaard-petersen@cabonline.com
Fredrik Lundqvist, CFO, tel +46 70 552 80 25, fredrik.lundqvist@cabonline.com

About Cabonline Group
Cabonline is the leading taxi company in the Nordic region with, ~2,600 connected transporters and ~5,000 vehicles in Sweden, Norway, Finland and Denmark. Cabonline operates a series of well-known brands, such as Flygtaxi, TaxiKurir, Norgestaxi, TOPCAB, Kovanen, Taxi Skåne, Umeå Taxi, Sverigetaxi and Taxi 4x27. Through Cabonline, transporters have access to attractive customer agreements, support from industry-leading technology and efficient services where shared infrastructure delivers economies of scale. In 2022, Cabonline’s revenue was approximately SEK 5.5 billion. For further information: cabonlinegroup.com/en