SINTERCAST AB The shareholders of SinterCast Aktiebolag, Company Registration Number 556233-6494 (“SinterCast”) are hereby invited to participate in the Annual General Meeting to be held on Tuesday
Right to Participate and to Vote
Shareholders who wish to participate in the Annual General Meeting
- must be recorded in the share register maintained by
- must notify
In addition, to be entitled to participate in the Annual General Meeting, a shareholder whose shares are held in the name of a nominee must register its shares in its own name so that the shareholder is recorded in the share register on Monday
Notice of Participation
Notification can be made by post to SinterCast Aktiebolag, Kungsgatan 2, SE-641 30 Katrineholm,
In the notification, the shareholder’s name, personal identity number/date of birth or corporate identity number, address, telephone number and the number of advisors, if any, should be stated (a shareholder, or its proxy, may bring up to two advisors provided that the number of advisors is notified in the same way as stated above).
Representatives
Shareholders represented by proxy are requested to submit a written and dated power of attorney to
Proposed Agenda for the Meeting
1 Opening of the Annual General Meeting
2 Election of the Chairman of the Annual General Meeting
3 Preparation and approval of the list of shareholders entitled to vote at the meeting
4 Approval of the Agenda
5 Election of one or two attendees to verify the minutes together with the Chairman
6 Determination of whether the meeting has been duly convened
7 The Managing Director’s Report
8 Presentation of the Annual Report, the Auditor’s Report, the Consolidated Annual Report and the Auditor’s Report for the Group
9 Decisions regarding:
a) adoption of the Profit and Loss Statement and the Balance Sheet, and the Consolidated Profit and Loss
Statement and the Consolidated Balance Sheet
b) allocation of the Result in accordance with the adopted Balance Sheet
c) discharge from liability of the Board Members and the Managing Director
10 Decision on amendment of the Articles of Association – proposal from shareholders/Nomination Committee
11 Decision regarding the number of Board Members, alternate Board Members (if any), auditors and alternate auditors (if any)
12 Decision regarding the remuneration of the Board Members and the Auditor
13 Election of Board Members, alternate Board Members (if any), Chairman, auditors and alternate auditors (if any)
14 Decision on approval of the Board of Director’s remuneration report 2023
15 Decision on guidelines for remuneration to Senior Executives
16 Decisions on a) reduction of the share capital by means of cancellation of repurchased shares and b) increase of the share capital through a bonus issue without issuance of new shares
17 Decision on authorisation of the Board of Directors to decide upon acquisition and disposal of
18 Closing of the Annual General Meeting
Proposals
Election of the Chairman of the Annual General Meeting (item 2)
The Nomination Committee proposes that Anna-Maria Heidmark Green is elected as Chairman of the Annual General Meeting.
Decision regarding Allocation of the Result in accordance with the adopted Balance Sheet (item 9 b)
Decision on amendment of the Articles of Association – proposal from shareholders/Nomination Committee (item 10)
The shareholders
Current wording § 6
The Board of Directors shall consist of not less than three (3) and not more than five (5) Ordinary Members and not more than one (1) Alternate.
Proposed wording § 6
The Board of Directors shall consist of not less than three (3) and not more than six (6) Ordinary Members and not more than one (1) Alternate.
Decision regarding the number of Board Members, alternate Board Members (if any), auditors and alternate auditors (if any) (item 11)
The Nomination Committee proposes six ordinary Board Members, including the Chairman, and no alternate Board Members. The Nomination Committee’s proposal is conditional upon that the Annual General Meeting decides on amendment of the articles of association in accordance with item 10 of the agenda. If such decision is not made, the Nomination Committee will adjust its proposal.
The Nomination Committee further proposes that the company shall have an auditor in the form of a registered auditing company, and no alternate auditors.
Decision regarding the Remuneration of the Board Members and the Auditor (item 12)
The Nomination Committee proposes that remuneration of the Board Members, for the period up until the next Annual General Meeting, shall be
The Nomination Committee proposes that the Auditor shall be paid against approved invoice.
Election of Board Members, alternate Board Members (if any), Chairman, auditors and alternate auditors (if any) (item 13)
The Nomination Committee proposes re-election of
Information about the proposed Board Members is available on the
The Nomination Committee proposes re-election of the registered auditing company
Decision on approval of the Board of Director’s remuneration report 2023 (item 14)
The Board of Directors proposes that the Annual General Meeting resolves to approve the Board’s report on remuneration to senior executives prepared in accordance with Chapter 8, Section 53 a of the Swedish Companies Act. The report is available at
Guidelines for remuneration to Senior Executives (item 15)
The Board of Directors proposes that the Annual General Meeting adopts the following guidelines for renumeration to the Managing Director, other members of the Group Management and Board Members (aside from remuneration/board fee to the Board Members).
How the guidelines contribute to the company’s business strategy, long-term interests and sustainability
In brief,
Remuneration etc. to the Managing Director and other members of the Group Management
Remuneration, pension and benefits
The remuneration to members of the Group Management shall consist of a balanced combination of fixed salary, variable remuneration, pension and other benefits. The total remuneration shall be in accordance with market practice and shall be based on performance. The fixed remuneration shall be individually determined and shall be based on each individual’s responsibility, role, competence and position. Variable remuneration shall be based on predetermined targets on the Group level and the individual level, considering the effect on the long-term result. In extraordinary situations a special compensation may be paid to attract and retain key competence. Variable remuneration and special compensation may not exceed an amount corresponding to 75 percent of the fixed annual salary.
Pension benefits are in the form of defined contribution plans. A defined contribution plan is a pension plan under which the Group pays fixed contributions to separate entities. The Group has no legal obligations to pay further contributions if the entities do not hold sufficient assets to pay the employees the benefits relating to employee service in the current and prior periods. Variable remuneration and special compensation in extraordinary situations shall not constitute a basis for pension as far as this does not conflict with applicable collective agreement. Pension contributions may not exceed an amount corresponding to 30 percent of the fixed annual salary.
Other benefits may include, for example, life insurance, medical insurance and car benefit. Costs for such benefits may not amount to more than 10 percent of the fixed salary.
Termination of employment
Upon termination by the company, the notice period for the Managing Director is nine months, and six months for the other members of the Group Management. Upon termination of the Managing Director by the company the Managing Director is entitled to a severance payment corresponding to nine months compensation. Deduction shall not be made for remuneration paid by another employer. No severance payments have been agreed with the other members of the Group Management.
Consultancy fee to Board Members
In the event that a Board Member (personally or through a wholly-owned company) performs work for the company in addition to the ordinary board work, a special remuneration for this can be paid (consultancy fee). Such remuneration may not exceed, on a yearly basis, the remuneration/board fee paid to the Board Member. The remuneration shall be based on the current market rates and be proportionate to the benefit for the company and to the extent to which such work contributes to the development of
Salary and employment terms for other employees of the company
When preparing the Board of Director’s proposed guidelines for remuneration to senior executives, consideration was given to the salary and employment terms of the company’s other employees. The Board considered the total remuneration, the components of the remuneration, and the increase and rate of increase of the remuneration over time as part of the basis upon which the Board assessed whether the guidelines and the resulting limitations were reasonable.
Decision-making process for adopting, reviewing and implementing the guidelines
The Board of Directors shall prepare a proposal for new guidelines at least every fourth year and submit it to the General Meeting for decision. The Remuneration Committee established by the Board shall continuously review and assess the guidelines and the implementation of the guidelines. To avoid conflicts of interests, no member of the Group Management shall participate in discussions or decisions which may affect their own remuneration or terms of employment. Further, the Board shall decide on the remuneration (consultancy fees) to any individual Board Member in the absence of the concerned Member.
Description of significant changes in the guidelines and how shareholders' views are taken into account
The proposed guidelines do not entail any significant changes in relation to existing compensation guidelines at
Deviation from the guidelines
The Board of Directors and, on behalf of the Board of Directors, the Remuneration Committee, shall be entitled to deviate from the above guidelines if, in an individual case, there are specific reasons for this and a deviation is necessary to meet the long-term interests and sustainability of
Decisions on a) reduction of the share capital by means of cancellation of repurchased shares and b) increase of the share capital through bonus issue without issuance of new shares (item 16)
16 a) Reduction of share capital by cancellation of own shares
The Board of Directors proposes that the Annual General Meeting decides to reduce the share capital by way of cancellation of own shares. The purpose of the reduction is allocation to unrestricted equity.
The reduction of the share capital shall be made by cancellation of 22,601 own shares that are held by the company. The reduction of the share capital will be
The resolution to reduce the share capital under this item a) may be effectuated without obtaining an authorisation from the Swedish Companies Registration Office or, in disputed cases, a court of general jurisdiction, as the company simultaneously effectuates a bonus issue (as set out under item b) below) with an amount corresponding to the amount the share capital is being reduced with as set out above. Combined, these measures entail that neither the company’s restricted equity nor its share capital are reduced.
16 b) Bonus issue
With the purpose of restoring the share capital after the proposed reduction of the share capital, as set out under item a) above, the Board of Directors proposes that the Annual General Meeting simultaneously resolves on a bonus issue to increase the company’s share capital by
Through the reduction of the share capital due to the cancellation of shares, the company’s share capital is reduced by
Following completion of the reduction of the share capital and the bonus issue, the number of shares will be 7,067,532.
Authorisation
The Board of Directors further proposes that the Annual General Meeting authorises the Board of Directors, or whom they authorise, to make such minor adjustments to the resolutions according to items 16 a) and b) above as may be required for registration of the resolutions with the Swedish Companies Registration Office or
Conditions
The decisions under items 16 a) and b) are conditional upon each other.
Decision on authorisation of the Board of Directors to decide upon acquisition and disposal of
The Board of Directors proposes that the Annual General Meeting authorises the Board to, on one or more occasions prior to the next Annual General Meeting,
- decide upon the acquisition of
- decide upon disposal of a maximum of all
The purpose of the authorisation is for
Miscellaneous
The following documents are available at
- The Nomination Committee’s complete proposals and statement.
- The Board of Director’s complete proposals,
- The Annual report (including the Board of Directors’ statement according to Chapter 18, Section 4 of the Swedish Companies Act) and auditor’s report,
- The Board of Director’s report on remuneration to senior executives in accordance with Chapter 8, Section 53 a of the Swedish Companies Act,
- The Auditor’s statement in accordance with Chapter 8, Section 54 of the Swedish Companies Act,
- The Board of Director’s statement in accordance with Chapter 20, Section 13 of the Swedish Companies Act,
- The Auditor’s statement in accordance with Chapter 20, Section 14 of the Swedish Companies Act, and
- The Board of Director’s statement in accordance with Chapter 19, Section 22 of the Swedish Companies Act.
On the date of issue of this notice, the total number of shares and votes in
A valid resolution pursuant to items 10, 16 and 17 requires that it is supported by shareholders representing at least two thirds of the votes and shares represented at the Annual General Meeting.
The Board of Directors and the Managing Director shall, if any shareholder so requests and the Board of Directors considers that this may be done without significant damage being incurred by
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https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf
SinterCast Aktiebolag
The Board of Directors
This is an unofficial translation of the original Swedish notice to the Annual General Meeting. In the event of any discrepancy between the versions, the Swedish version shall prevail.
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