Nomination committee prior to the Annual General Meeting 2020
In accordance with the decision at the Annual General Meeting, the members of the Nomination Committee of Opus Group AB (publ) (Opus) are appointed by the four shareholders / owner groups controlling the largest number of votes in Opus that desire to appoint a representative. In addition, the Chairman of the Board of Directors shall be a member of the Nomination Committee.
On September 30, 2019, the four owners controlling the largest number of votes were RWC, AB Kommandoran, Lothar Geilen and AP2. Each such shareholder has appointed a representative, who, together with the Chairman of the Board, will form Opus’ Nomination Committee.
The Nomination Committee’s members are:
- Petteri Soininen, representing RWC
- Jörgen Hentschel, representing AB Kommandoran and his and Magnus Greko’s other joint shareholdings - privately and through companies
- Henrik Wagner Jørgensen, representing Lothar Geilen
- Martin Jonasson, representing AP2
- Katarina Bonde, as Chairman of the Board of Opus
The four owner representatives of the Nomination Committee represent approximately 47,6 percent of the voting rights for all shares of Opus. Petteri Soininen was elected Chairman of the Nomination Committee.
The Nomination Committee shall present the following proposals for approval by the 2020
Annual General Meeting:
- Proposal for Chairman of the Meeting
- Proposal for Members of the Board of Directors
- Proposal for Chairman of the Board of Directors
- Proposal for remuneration to the Members of the Board of Directors, distinguishing between the Chairman of the Board of Directors and other Members of the Board of Directors and remuneration for committee work
- Proposal for auditors
- Proposal for remuneration to Opus’ auditors, and
- To the extent deemed necessary, proposal regarding amendments of the current instruction for the Nomination Committee.
Opus’ Annual General Meeting will be held on Wednesday, May 13, 2020, at Elite Park Avenue Hotel, Kungsportsavenyen 36, Gothenburg, Sweden.
Shareholders who would like to submit proposals to the Nomination Committee can do so via e-mail: ir@opus.se (subject: Nomination Committee), or by ordinary mail to the address: Opus Group AB, Nomination Committee, SE-411 10 Gothenburg, Sweden, by January 31, 2020, at the latest. This press release is available in English and Swedish at www.opus.global.
Gothenburg, October 16, 2019
Opus Group AB (publ)
For additional information, please contact:
Petteri Soininen, RWC, email: Petteri.Soininen@RWCPartners.com
Katarina Bonde, Chairman of the Board, email: katarina.bonde@kubicorp.com
About Opus
Opus is a technology-driven growth company in the vehicle inspection and intelligent vehicle support markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and intelligent vehicle support. Opus had approximately SEK 2.5 billion in revenues in 2018 with solid operating profit and cash flow. Opus’ goal is to reach an annual revenue growth of 5-10 percent, through organic and acquisitive growth based on 3-year CAGR, and an EBITA margin of 15 percent. The majority of the growth is estimated to come from the international expansion of the vehicle inspection business, with a primary focus on the Latin American and Asian markets, and the expansion of the intelligent vehicle support business. With approximately 2,600 employees, Opus is headquartered in Gothenburg, Sweden. Opus has 34 regional offices, 24 of which are in the United States and the others in Sweden, Argentina, Chile, Mexico, Peru, Pakistan, United Kingdom, Spain and Australia. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The shares of Opus Group are listed on Nasdaq Stockholm.