Articles of association for Loomis AB with Corporate ID No. 556620-8095 adopted by the Annual General Meeting held on April 21, 2009.
The name of the company is Loomis AB. The company is a public company (publ).
The Board of Directors of the company shall have its registered office in the municipality of Stockholm, County of Stockholm.
The object of the company is (directly or indirectly through subsidiaries) to provide services and products within the field of security and/or related to the management of cash and other valuables, as well as to pursue other compatible business.
The share capital shall be no less than SEK two hundred million (200,000,000) and no more than SEK eight hundred million (800,000,000).
The number of shares issued shall be no less than sixty million (60,000,000) and no more than two hundred and forty million (240,000,000).
The shares may be issued in two classes, designated class A and class B. Shares of class A may be issued up to a maximum number of forty eight million (48,000,000) and shares of class B to a maximum number of one hundred and ninety two million (192,000,000).
Each share of class A entitles to ten (10) votes and each share of class B to one (1) vote.
Should the company decide to issue new class A and class B shares by way of a cash issue or a set-off issue, the holders of class A and class B shares, respectively, shall have priority right to subscribe to new shares of the same class in proportion to their existing share¬holdings (primary right of priority). Shares not subscribed to by primary right of priority shall be offered to all shareholders (subsidiary right of priority). If the entire number of shares subscribed to by subsidiary right of priority cannot be issued, the shares shall be allocated between the subscribers in proportion to their existing shareholdings and, insofar as this cannot be done, by drawing of lots.
Should the company decide to issue shares of only one class by way of a cash issue or a set-off issue, all shareholders, irrespective of whether their shares are of class A or class B, shall have priority right to subscribe to new shares in proportion to their existing share¬holdings.
Should the company decide to issue warrants or convertible bonds by way of a cash issue or a set-off issue, the shareholders shall have the priority right to subscribe to such warrants as if the shares to which the warrants entitle were issued and the priority right to subscribe to such convertible bonds as if the shares for which the convertible bonds may be exchanged were issued, respectively.
What is stated above shall not entail any restrictions on the possibility to resolve on a cash issue or a set-off issue with deviation from the shareholders’ priority rights.
An increase of the share capital by way of a bonus issue shall be made by issuing shares of both class A and B, in proportion to their part of the share capital when the increase is decided upon. Holders of shares of class A and class B, respectively, shall have the right to new shares of the same class, each in proportion to their existing shareholdings. The above shall not entail any restrictions on the possibilities to issue shares of a new class by a bonus issue, after any necessary amendments of the articles of association.
The Board of Directors shall – in addition to such members that, in accordance with law, may be nominated by others than the General Meeting of Shareholders – consist of no less than five (5) and no more than ten (10) Directors, with no deputies.
For the audit of the company’s administration and accounts, a registered public accounting firm shall be appointed by the General Meeting.
Notice to General Meetings shall be published in Post- och Inrikes Tidningar and on the Company´s webpage. It shall be published in Svenska Dagbladet that notice of a General Meeting has been given.
General Meetings shall be held in Stockholm.
A shareholder, who wants to take part in the negotiations at a General Meeting, must be registered in a transcript or other presentation of the share register relating to the facts which were recorded five (5) weekdays before the General Meeting and must give notice to the company not later than the day mentioned in the notice convening the meeting, before 4 pm. The last mentioned day must not be a Sunday, any other public holiday, a Saturday, Midsummer Eve, Christmas Eve or New Year’s Eve and must not fall earlier than on the fifth weekday before the General Meeting.
At the General Meeting, a shareholder is entitled to be accompanied by one or two assistants; however, only if the shareholder gives notice hereof to the company according to what is prescribed in the previous paragraph.
At the Annual General Meeting the following matters shall be dealt with:
- Election of a Chairman of the Meeting;
- Preparation and approval of a voting list;
- Approval of the Agenda;
- Election of one or two persons to check the minutes;
- Examination of whether the Meeting has been properly convened;
- Presentation of the Annual Report and the Auditors’ Report on the Parent Company, and the Consolidated Accounts and the Auditors’ Report on the Group;
- Resolutions with respect to
a) the adoption of the Income Statement and the
Balance Sheet of the Parent Company, and the Consolidated
Income Statement and the Consolidated Balance Sheet,
b) the appropriation of the Company’s profit or loss according
to the adopted Balance Sheet,
c) the discharge of the Directors of the Board and the
Managing Director from their liability;
- Determination of the number of directors;
- Determination of fees for the Board of Directors and, where applicable, the Auditors;
- Election of the directors and, where applicable, appointment of a registered public accounting firm;
- Any other matter duly referred to the General Meeting.
The calendar year shall be the financial year of the company.
If a share of class A has been transferred to a person who is not already a holder of shares of class A, by means of purchase, exchange, gift, separation of joint property, inheritance, will, company distribution, merger, demerger or other transfer of title, such share shall immediately be offered to the holders of shares of class A for redemption.
As soon as the Central Securities Depository (CSD) has been notified of the transfer of title, the Board of Directors shall immediately inform the acquirer of its obligation to offer the shares for redemption by written notification to the Board of Directors. Such notification shall contain information on the consideration paid for the shares and the acquirer’s conditions for redemption. The acquirer shall hereby evidence his or her acquisition of the shares. Immediately upon receiving a notification of transfer of title, the Board of Directors shall enter this into a special book with details on the date of notification, as set forth in the Companies Act. The Board of Directors shall at the same time notify every person entitled to redemption whose postal address is known to the company, in writing, of the transfer of title to the shares and inform that claims for redemption shall be submitted to the Board of Directors within two (2) months from the acquirer’s notification of the transfer of title. Claims for redemption submitted within the stipulated time period shall be entered into a special book with details on the date of the claim for redemption, as set forth in the Companies Act.
An offer for redemption may not be exercised for a smaller number of shares than those included in the offer. If claims for redemption are made by several persons entitled thereto, the shares shall, to the extent possible, be allocated to those entitled to redemption in proportion to their previous holdings of shares of class A. The remaining number of shares shall be allocated by drawing of lots, executed by notary public.
The redemption price shall be determined by agreement between the acquirer and the person entitled to redemption and shall as a general rule, if the shares have been transferred for a consideration, correspond to such consideration and otherwise to the price which can be expected in a sale under normal circumstances. If an agreement on the redemption price cannot be reached, the person entitled to redemption may request arbitration as set forth below.
A dispute regarding redemption of shares in accordance with this section 12 shall be finally settled by the Rules of the Arbitration Institute of the Stockholm Chamber of Commerce. Arbitration shall be requested within two months from the day when the claim for redemption was submitted to the company in accordance with what is stipulated above. The arbitration board shall consist of three arbitrators or one single arbitrator and is to be appointed by the institute. All requests for arbitration, which by reason of the same transfer of shares have been submitted to the institute within the above stated time, shall be dealt with as one single arbitration procedure.
The redemption price shall be paid within one (1) month from the time when the redemption price was determined, by means of agreement between the parties or by an arbitration award. If, within the stipulated time, no person entitled to redemption would submit a claim for redemption, or if the redemption price would not be paid within the stipulated time, the person who offered the share for redemption shall be entitled to be registered as holder of the share.
The shares of the company shall be registered in a CSD register in accordance with the Financial Instruments Accounts Act (1998:1479).