AGM Information • Nov 19, 2008
AGM Information
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The information contained herein is subject to the disclosure requirements of Bure Equity AB under the Swedish Securities Market Act. This information has been publicly communicated on 19 November 2008, at 08:30 CET.
The shareholders in Bure Equity AB (publ) are hereby called to attend the Extraordinary General Meeting on Thursday, 11 December 2008, 5:00 p.m., at Göteborg Convention Centre, Mässans Gata 20, Göteborg (Svenska Mässan, enter to right of entrance 5, conference room R2). The doors will open at 4:30 p.m.
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Shareholders who wish to participate in the Extraordinary General Meeting ("EGM") must be recorded in their own names in the register of shareholders maintained by VPC AB (the Nordic Central Securities Depository) no later than on Friday, 5 December 2008, and must notify the company no later than 12:00 p.m. on Friday, 5 December 2008, in one of the following ways: by writing to Bure Equity AB, Box 5419, SE-402 29 Göteborg, Sweden, by fax +46 31-708 64 82, by telephone +46 31-708 64 39, by e-mail: [email protected] or via the company's Swedish website www.bure.se.
When notifying the company, shareholders must state their name, address, telephone number and personal/corporate identity number.
Shareholders whose shares are registered in the names of nominees must have their shares temporarily reregistered in their own name with VPC AB in order to be entitled to participate in the EGM. The shareholders must notify their nominees well in advance to ensure that an entry is made in the register of shareholders by Friday, 5 December 2008.
Shareholders who wish to be represented by a proxy must submit a dated form of proxy. The original proxy document must be mailed to the company at the above address well in advance of the EGM. Proxies representing a legal entity must attach a certificate of registration or corresponding proof of authorisation.
The Board of Directors proposes that the EGM resolve in accordance with the following resolution:
Reduction of the Company's issued share capital through the cancellation of shares for repayment to the shareholders on the conditions set out below.
For those shareholders who do not participate in the redemption programme due to oversight, these shall receive compensation through a procedure in which Swedbank, after the end of the application period but otherwise in accordance with the terms of the redemption programme, may redeem shares (albeit in a number of not more than 2,000,000 shares) for payment of the redemption amount less Swedbank's costs to those shareholders who have an unutilised holding of redemption rights. However, the amount of compensation per redemption right may not exceed the amount that would have been paid on the commission-free sale of redemption rights.
As part of the redemption programme – conditional on the EGM's approval of the Board's proposal under item 7 a) above – the Board proposes that the EGM resolve to increase the company's share capital by means of a bonus issue through transfer from non-restricted equity, whereby no new shares shall be issued. The share capital shall be increased by an amount at least equal to the amount of reduction, albeit not more than SEK 120,040,000.
The motive for the Board's proposal is to enable execution of the resolution according to item 7 a) above without the delay otherwise associated with application for permission from the Swedish Companies Registration Office if the company concurrently with the reduction resolution takes such measures whereby neither the company's restricted equity nor its share capital are reduced.
For valid resolution regarding item 7 a) in accordance with the above proposal, this must be supported by shareholders holding at least two thirds of both the votes cast and the shares represented at the EGM.
It is proposed that the President, or individual so appointed by the President, be authorised to make such necessary and minor changes as are required to enable registration of the resolutions with the Swedish Companies Registration Office.
The company has a total of 83,914,680 shares and votes, of which the company holds 0 shares in treasury.
The Board's complete proposals for resolution regarding items 7, including all other necessary documents in accordance with the Swedish Companies Act, are available to the shareholders in Swedish language versions at Bure Equity AB's office on Mässans Gata 8 in Göteborg, and on the company's Swedish website www.bure.se, as of Thursday, 27 November 2008. The documents will also be sent by mail to the shareholders who so request and provide their mailing address.
Göteborg, November 2008 BURE EQUITY AB (publ) The Board of Directors
Corp. ID No. 556454-8781, P O Box 5419, SE-402 29 Gothenburg, Sweden, phone +46 31 708 64 00, fax +46 31 708 64 80 www.bure.se
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