Articles of Association
VBG GROUP AB (publ)
Corp. ID no. 556069-0751
Article 1
The name of the company is VBG GROUP AB (publ).
Article 2
The registered office of the Board of Directors is in the municipality of Vänersborg.
Article 3
The object of the company is to engage – on its own or through wholly and partly owned companies – in industrial activities, preferably in the area of automotive components and truck equipment, and other activities consistent therewith.
Article 4
The share capital shall be not less than thirty-four million two hundred and thirty-five thousand /34,235,000/ kronor and not more than one hundred and thirty-six million nine hundred and forty thousand /136,940,000/ kronor
Article 5
The number of shares shall be not less than 13,694,000 and not more than 54,776,000.
They shall be issued in two series, series A and series B. Shares of series A shall carry ten votes, shares of series B one vote.
Shares of series A may be issued to a maximum amount of 54,776,000 and shares of series B to a maximum amount of 54,776,000.
Should the company decide to issue new shares of two series, series A and series B, by way of a cash issue or an offset issue, holders of series A and series B shares shall have a preferential right to subscribe for new shares of the same series in proportion to their existing shareholding (primary preferential right). Shares not subscribed for under a primary preferential right shall be offered for subscription to all shareholders (subsidiary preferential right). If it is not possible to issue all the shares subscribed for under the subsidiary preferential right, the shares shall be distributed among those wishing to subscribe in proportion to their previous shareholding or, to the extent this is not possible, by drawing of lots.
Should the company decide to issue new shares of only one series through a cash issue or an offset issue, all shareholders, regardless of whether they hold series A shares or series B shares, shall have the preferential right to subscribe for new shares in proportion to their previous shareholding.
Should the Company decide to issue warrants or convertibles through a cash issue or an offset issue, the shareholders shall have a preferential right to subscribe for warrants as if the issue were of the shares that may be subscribed for under the warrant, or a preferential right to subscribe for convertibles as if the issue were of the shares to which the convertibles may be converted.
The above shall not constitute any restriction on the possibility of deciding on a cash issue or an offset issue that entails a departure from the preferential rights of the shareholders.
If the share capital is increased through a bonus issue, new shares in each series shall be issued in proportion to the existing number of shares in each series. Old shares of a given series shall thus carry entitlement to new shares of the same series. The above shall not constitute any restriction on the possibility of issuing new shares of a new series through a bonus issue, following the requisite amendment to the Articles of Association.
Article 6
Apart from specially appointed members and deputies, the Board of Directors shall consist of not less than three and not more than six members with not more than five deputies.
Article 7
The company shall have not more than two auditors and the same number of deputies.
Article 8
The company’s financial year shall extent from 1 January to 31 December.
Article 9
General Meetings of shareholders shall be held in Vänersborg, Stockholm or Göteborg.
Notice to attend a General Meeting shall be given by advertisement in Post- och Inrikes Tidningar (the official (Swedish gazette) and on the company´s website. That notice has been given shall be announced in Dagens Industri.
Notice to attend an Annual General Meeting, or a General Meeting where amendment of the Articles of Association will be considered, shall be issued not earlier than six weeks and not later than four weeks prior to the meeting. Notice of other General Meetings shall be issued not earlier than six weeks and not later than three weeks prior to the meeting.
Article 10
Shareholders wishing to attend a General Meeting shall notify the company not later than 4.00pm on the day specified in the notice of the meeting. This day may not be a Sunday or other public holiday, a Saturday, Midsummer Eve, Christmas Eve or New Year’s Eve and may not fall earlier than the fifth weekday prior to the General Meeting.
Article 11
The Board of Directors may collect proxy forms at the company’s expense in accordance with the procedure described in Chap. 7 Sec. 4 paragraph 2 of the Companies Act (2005:551).
Article 12
The Chairman of the Board of Directors, or other person designated for this purpose by the Board, opens the General Meeting and leads the proceedings until a Chairman has been elected.
Article 13
The following matters shall be dealt with at the Annual General Meeting:
1. Election of Chairman of the meeting
2. Preparation and approval of the voting list.
3. Approval of the agenda.
4. Election of two persons to verify the minutes.
5. Determination of whether the meeting has been duly convened.
6. Presentation of the Annual Report and the Auditors’ Report as well as the consolidated accounts and the Auditors’ Report on the consolidated accounts.
7. Resolutions
a) concerning adoption of the Income Statement and the Balance Sheet, as well as the Consolidated Income Statement and the Consolidated Balance Sheet
b) concerning appropriations of the company’s profit or loss according to the adopted Balance Sheet
c) concerning discharge of the members of the Board of Directors and of the Managing Director from liability.
8. Determination of the number of members and deputy members of the Board of Directors
9. Determination of fees to be paid to the Board of Directors and the auditors.
10. Election of members and deputy members of the Board of Directors and, where applicable, auditors and deputy auditors.
11. Other matters incumbent upon the General Meeting according to the Companies Act or the Articles of Association.
Article 14
The Company’s shares shall be registered in a central securities depository register pursuant to the Financial Instruments Accounts Act (1998:1479).
Articles of Association adopted at Annual General Meeting
on 3 May 2011.