IES nomination committee ahead of the Annual General Meeting 2020
The nomination committee of Internationella Engelska Skolan i Sverige Holdings II AB (“Internationella Engelska Skolan” or “IES”) consists of representatives of the three largest shareholders included in the company’s shareholder register as of 31 March 2020.
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 2020. On 31 March 2020, the three largest shareholders of Internationella Engelska Skolan were Bock Senior Capital Investors S.à.r.l., Paradigm Capital AG (which manages the Paradigm Capital Value Fund SICAV and advises several separate accounts, independent of each other and the mentioned funds) and Barbara Bergström. The owners have appointed the following representatives to the nomination committee:
- Birker B. Bahnsen, TA Associates. TA Associates act as advisors to Bock Senior Capital Investors S.à.r.l.
- Jan Hummel, Paradigm Capital AG
- Barbara Bergström
Internationella Engelska Skolan’s Annual General Meeting for the financial year 1 July 2019 – 30 June 2020 will be held on 24 November 2020 in Stockholm. 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 5 October 2020. The nomination committee’s proposals will be presented in the notice convening the Annual General Meeting 2020 and on the company’s website.
Proposals to the nomination committee should be sent by email to firstname.lastname@example.org
For more information please contact:
Emma Rheborg, Head of Communication & IR, IES
Telephone: + 46 768 511 540
The information was submitted for publication, through the agency of the above contact, on 28 April 2020 at 09:00 CEST.
About Internationella Engelska Skolan
Internationella Engelska Skolan, IES, is one of the leading free school operators in Sweden with some 26,800 students at 37 schools. IES also owns seven bilingual schools in Spain with approximately 4,800 students.
IES Sweden conducts school operations from “förskoleklass” (grade F) up to the third and final year of upper secondary school (grade 12). Its main focus is grades 4-9, what is often called “middle school.” Within the compulsory school system in Sweden, IES is the leading independent operator, with 17 of the 20 largest free schools. The academic results of IES schools on the national tests in grade 9 are far above average in Sweden.
Internationella Engelska Skolan was founded in 1993 and is in its 27th year of operation. Throughout this period, its schools have been defined by the three core convictions of its 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 and aspirations.
Up to half of teaching is conducted in English by teachers whose native language is English. Over 900 teachers with qualified foreign teaching degrees are currently teaching in IES schools. They are mainly recruited from Canada, the USA, the UK and South Africa.
The IES student base is growing strongly. Over the past ten years, total operating income has increased by an average of 19% per year. In the most recent financial year 2018/19, which concluded on 30 June 2019, total operating income was MSEK 2,781.1, an increase of some 18% year on year. As of 31 December 2019, there were approximately 208,900 applications in the queue to secure a place in the Swedish schools for the current and forthcoming years.
Internationella Engelska Skolan has been listed on Nasdaq Stockholm Mid Cap, with the ticker ENG, since 2016.
The largest (indirect) shareholders of IES are TA Associates of the US, which has close affiliations to leading universities and trusts in the US, Barbara Bergström, the founder of IES, and Paradigm Capital AG through different funds. At the end of March 2020, the ten largest shareholders also included Swedbank Robur fonder and Handelsbanken fonder.