Stockholm, May 12, 2022: Soltech Energy's Annual General Meeting was held on Wednesday, May 12, 2022, chaired by Göran Starkebo, member of the Board.
Adoption of income statement and balance sheet
The Annual General Meeting approved the income statement and balance sheet for the Parent Company as well as the consolidated income statement and consolidated balance sheet for the financial year 2021.
Disposition of results
The Annual General Meeting resolved that no dividend be paid for the financial year 2021 and that the accumulated profit be transferred to a new account in accordance with what appears from the administration report.
Board of Directors and CEO
The Annual General Meeting granted the Board members and the President discharge from liability for the 2021 financial year.
The Annual General Meeting elected the Board members Mats Holmfeldt, Vivianne Holm, Hellen Wohlin Lidgard, Göran Starkebo, Johan Thiel and Stefan Ölander. Mats Holmfeldt was elected Chairman of the Board.
Auditors
The Annual General Meeting resolved to re-elect the registered auditing company PwC with the authorized public accountant Claes Sjödin as the principal auditor.
Board and auditor fees
The Annual General Meeting resolved that board fees shall be paid in the amount of SEK 500,000 to the Chairman of the Board and SEK 250,000 each to other Board members. The AGM resolved that the fees for a member of established committees shall be SEK 40,000 per person and committee. The chairman of the committee shall receive a fee of SEK 60,000. A member who is reimbursed by the company due to employment shall not, however, receive board fees, either in the parent company or subsidiaries.
Other proposals and decisions
The Annual General Meeting resolved to approve the Board's proposal in accordance with the notice of:
- Decision to adopt proposed guidelines on nomination committee principles
- Changes in the Articles of Association:
- Increase of the share capital to a minimum of SEK 3,000,000 and a maximum of SEK 7,500,000
- The number of shares is a minimum of 60,000,000 and a maximum of 150,000,000
- Renewed authorization to decide on a new issue of shares and / or convertibles and / or warrants.
The minutes of the Annual General Meeting will be published on the Company's website www.soltechenergy.com/investor/corporategovernance
More information is available at www.soltechenergy.com.
Soltech Energy Sweden AB (publ) has today published its annual report for 2021.
Another unusual year has come to an end, and we are proud to have been able to deliver such a strong 2021 as we have done, given the effects of the Corona pandemic.
We land on total revenues of SEK 951.8 million (499) from operations and deliver 91% growth at Group level, excluding revaluation effects from the special listing of Advanced Soltech of SEK 288 million. The Group's operating profit (EBIT) amounted to SEK 150.7 (42.8) million, an increase of 252%.
We are very humble going forward in 2022, due to the Corona pandemic still raging in large parts of the world and not least due to global developments after February 24 with the war in Ukraine. But both the Corona pandemic and the war will come to an end and then we look forward to an even stronger market growth.
For a complete report of the 2021 accounts, please refer to the attached annual report, including the auditor's report.
The annual report in its entirety, together with the auditor's report, can also be read and downloaded from Soltech Energy Sweden AB's website: htps://soltechenergy.com/investerare/finansiella-rapporter-kalender/
For a printed copy please order at: Info@soltechenergy.com
The shareholders in Soltech Energy Sweden AB (publ), corporate identity no. 556709-9436, (the “Company”) is called to the Annual General Meeting on Thursday, May 12, 2022 at 17:00 at Elite Hotel Stockholm Plaza, Birger Jarlsgatan 29. Registration begins at 16:30.
The Board has decided that the shareholders shall be able to exercise their voting rights at the Annual General Meeting also by postal vote in accordance with Sections 22 of the Act (2022: 121) on temporary exemptions to facilitate the conduct of general and general meetings.
Exercise of voting rights at meetings, the right to participate and registration
Shareholders who wish to exercise their voting right on site in the meeting room in person or via a representative must:
On the one hand, be entered in the share register kept by Euroclear Sweden AB no later than Wednesday
4 May 2022 (for nominee-registered shares, see also “Nominee-registered shares” below), and
On the one hand, they have announced their participation in the meeting no later than Monday, May 9, 2022, at the address Soltech Energy Sweden AB (publ). Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm or via e-mail to stamma@soltechenergy.com. In the notification, shareholders must state their name and social security number or company and organization number. In addition, the address, telephone number, shareholding and any assistants (maximum one) must be stated.
Shareholders may appoint a proxy. Shareholders who are represented by a proxy must issue a written and updated power of attorney for the proxy. The power of attorney is valid for a maximum of one year from the date of issue, unless the power of attorney specifically states a longer period of validity, however, for a maximum of five years from the time of issue. Authorization documents issued by a legal entity must be accompanied by authorization documents (registration certificate or equivalent). The original power of attorney and any authorization documents should be submitted to Soltech Energy Sweden AB in good time before the Annual General Meeting, however no later than 9 May 2022. Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm. Proxy forms are available on the company's website, https://soltechenergy.com/investerare/bolagsstyrning/
Aktieägare som önskar utöva sin rösträtt genom poströstning skall
On the one hand, be entered in the share register kept by Euroclear Sweden AB no later than Wednesday
4 May 2022 (for nominee-registered shares, see also “Nominee-registered shares” below), and
Partially no later than Monday, May 9, 2022, register by casting your postal vote according to the instructions below so that the postal vote is received by the company no later than that day
Instructions for postal voting
To vote at the meeting, shareholders must use the postal voting form and follow the instructions available on the company's website, https://soltechenergy.com/investerare/bolagsstyrning/. The postal voting form applies as a notification to the meeting. The postal voting form must be sent:
• by post to Soltech Energy Sweden AB (publ). Tegnérgatan 1, 111 40 Stockholm (mark the envelope with "Soltech Energy Annual General Meeting")
The shareholder may not provide the postal vote with special instructions or conditions.
If this happens, the vote (i.e. the individual postal vote in its entirety) is invalid.
Further instructions and conditions can be found in the postal voting form.
Nominee-registered shares
To be entitled to participate in the Annual General Meeting, a shareholder whose shares are nominee-registered through a bank or other nominee must, in addition to registering at the Annual General Meeting, have the shares registered in their own name so that the shareholder is entered in the share register on 4 May 2022. Such registration may be temporary (so-called voting rights registration) and is requested from the nominee according to the nominee's routines at such time in advance as the nominee determines and in good time before Wednesday, May 4, 2022, when such registration must be completed.
Proposed agenda
1. Opening of the meeting
2. Election of chairman at the meeting
3. Establishment and approval of the ballot paper
4. Approval of the agenda
5. Selection of one or two protocol adjusters
6. Examination of whether the meeting has been duly convened
7. Speech by the CEO
8. Presentation of the annual report and auditor's report as well as the consolidated accounts and consolidated auditor's report for the financial year 2021.
9. Decision:
i. Adoption of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.
ii. Appropriations regarding the Company's earnings in accordance with the approved balance sheet.
iii. Discharge of liability for the board members and the CEO.
10. Determination of the number of board members
11. Decision on remuneration to the Board
12. Determination of auditors' fees
13. Election of board
14. Election of Chairman of the Board
15. Election of auditor
16. Resolution on nomination committee principles
17. Resolution on amendment of the Articles of Association
18. Resolution authorizing the Board of Directors to issue shares, convertibles and warrants
19. Any other decisions
20. Closing of the meeting
Proposition for resolution
Item 2 – Election of chairman of the meeting
The Board of Directors proposes that Göran Starkebo be elected Chairman of the Meeting.
Item 9 (ii) – Outline of the Company's earnings
The Board of Directors proposes that no dividend be paid to the shareholders, and that amounts available to the Annual General Meeting be transferred to a new account.
Item 10 – Determination of the number of board members
The Nomination Committee proposes that the number of board members to be elected by the AGM be six without deputies.
Items 11–12 – Determination of board fees and auditors' fees
The Nomination Committee proposes that a board fee of SEK 500,000 be paid to the Chairman of the Board and that a board fee of SEK 250,000 be paid to each of the other members of the Board. If the board establishes a committee, the fee to a member shall be SEK 40,000 per person and committee. The chairman of the committee shall receive a fee of SEK 60,000. However, a board member who is reimbursed by the Company due to employment shall not receive a fee, either in the parent company or in subsidiaries.
It is proposed to the auditor that fees be paid according to an approved invoice.
Item 13-14 – Election of board and chairman of the board
The Nomination Committee proposes the following persons to Board members and Chairman of the Board for the period until the next Annual General Meeting:
Board members
a) Mats Holmfeldt (re-election)
b) Vivianne Holm (new election)
c) Hellen Wohlin Lidgard (re-election)
d) Göran Starkebo (re-election)
e) Johan Thiel (new election)
f) Stefan Ölander (re-election)
Chairman of the Board
g) Mats Holmfeldt
Anna Kinberg Batra and Jimmie Wiklund have declined re-election for the coming period.
The Nomination Committee's proposal for new members Vivianne Holm and Johan Thiel is considered to possess the competence required to contribute to the company's expansion in a good and constructive manner. The Nomination Committee proposes Mats Holmfeldt as Chairman, who is currently a member of the Board as a member, and is considered by the Nomination Committee to have the right competence for the assignment as Chairman of the company.
Information on all proposed board members is available at www.soltechenergy.com/investor/corporate governance/
Item 15 – Election of auditor
The Nomination Committee proposes that the Annual General Meeting, for the period until the end of the next Annual General Meeting, re-elect PricewaterhouseCoopers i Sverige AB (PWC) as the Company's auditor. PWC has announced that in the event that PWC is elected, PWC will appoint Claes Sjödin as the principal auditor.
Item 16 – Decide nomination committee principles
The Nomination Committee is appointed by the Chairman of the Board contacting at least three of the largest shareholders in the Company in terms of votes as of September 30, 2022, who (if they so wish) may each appoint a representative to constitute the Company's Nomination Committee. If any of the three largest shareholders waives their right to appoint a member to the Nomination Committee, such right shall pass to the next shareholder in the order of magnitude, who has not already been offered the opportunity to appoint a member of the Nomination Committee.
It is up to the nomination committee to appoint its chairman.
The Nomination Committee shall otherwise follow the principles in the Swedish Code of Corporate Governance.
Item 17 – Resolution on amendment of the Articles of Association
The Board of Directors proposes that the Annual General Meeting resolves to amend the Articles of Association. This is in order to provide opportunities for the Board to act quickly when there is a need to issue new shares either for company acquisitions or issue procedures. The Board proposes the following:
• The limits for the company's share capital (§ 4 of the Articles of Association) change from the lowest SEK 2,000,000 and a maximum of SEK 6,000,000 to a minimum of SEK 3,000,000 and a maximum SEK 7,500,000.
• The limits for the company's number of shares (§ 5 of the Articles of Association) are changed from a minimum of 40,000,000 and a maximum of 120,000,000 to a minimum of 60,000,000 and a maximum of 150,000,000.
Item 18 – Resolution authorizing the Board of Directors to decide on a new issue of shares and the issue of warrants and convertibles.
The Board proposes that the Annual General Meeting resolves to authorize the Board to, until one or more occasions, decide on a new issue of shares and / or issue of convertibles and / or warrants until the next Annual General Meeting, even with deviation from the shareholders' preferential rights. The shares, convertibles and / or warrants must be able to be subscribed for against cash payment or against payment by set-off, by contributing in kind, or otherwise with conditions. The authorization is limited to the number of shares in the case of a new issue or in the issue of warrants and convertibles, the number of warrants and convertible debentures that may involve issuance or conversion to the corresponding number of shares, calculated at the time of issue of such warrants or convertibles. on number of shares.
Item 20 – Closing of the Meeting
Provision of documents
Annual report documents and the auditor's report as well as the Board's complete proposal as above will be kept available at the Company's offices for at least three weeks before the meeting and sent free of charge to shareholders who have notified that they wish to receive such information from the Company. All documents will also be available at the same time on the Company's website, https://soltechenergy.com/investerare/bolagsstyrning/.
Information on the number of shares and votes and on the holding of own shares
The total number of shares and votes in the company at the time of this notice was 97,140,849. All issued shares have equal voting rights. The company does not hold any own shares.
Majority requirements
Resolutions pursuant to items 16 and 17 above are valid only if they have been supported by shareholders with two thirds of both the votes cast and the shares represented at the meeting.
Shareholders' right to request information
The Board of Directors and the CEO shall, if any of the shareholders so request and the Board considers that this can be done without significant damage to the company, provide the Annual General Meeting with information on circumstances that may affect the assessment of a matter on the agenda and circumstances that may affect the assessment of the company's financial situation. The disclosure obligation also refers to the company's relationship with another group company and the consolidated accounts, as well as such matters regarding subsidiaries as are referred to in the first paragraph.
______________________________
Stockholm April 2022
Soltech Energy Sweden AB (publ)
The Board of directors
Stockholm, May 26, 2021: Soltech Energy's Annual General Meeting was held on Wednesday, May 26, 2021, chaired by Anna Kinberg Batra, Chairman of the Board
Adoption of income statement and balance sheet
The Annual General Meeting approved the income statement and balance sheet for the Parent Company as well as the consolidated income statement and consolidated balance sheet for the 2020 financial year.
Disposition of results
The Annual General Meeting resolved that no dividend be paid for the 2020 financial year and that the accumulated profit be transferred to a new account in accordance with what appears from the administration report.
Board of Directors and CEO
The Annual General Meeting granted the Board members and the President discharge from liability for the 2020 financial year.
The Annual General Meeting elected the Board members Anna Kinberg Batra (re-election), Göran Starkebo (re-election), Stefan Ölander (re-election), Hellen Wohlin Lidgard (new election), Jimmie Wiklund (new election) and Mats Holmfeldt (new election). Anna Kinberg Batra was elected Chairman of the Board (re-election).
Auditors
The Annual General Meeting resolved to re-elect the registered auditing company PwC with the authorized public accountant Claes Sjödin as the principal auditor.
Board and auditor fees
The Annual General Meeting resolved that board fees shall be paid in the amount of SEK 400,000 to the Chairman of the Board and SEK 200,000 each to other Board members. The AGM resolved that fees to members of established committees shall be paid at SEK 40,000 per person and committee. A member who is reimbursed by the company due to employment shall not, however, receive board fees, either in the parent company or subsidiaries.
Other proposals and decisions
The Annual General Meeting resolved to approve the Board's proposal in accordance with the notice of:
– Changes in the Articles of Association:
o Increase of the share capital to a minimum of SEK 2,000,000 and a maximum of SEK 6,000,000
o The number of shares is a minimum of 40,000,000 and a maximum of 120,000,000
o Change the company name to Soltech Energy Sweden AB
o That a summons has been issued shall be announced in Dagens Industri
o Election of chairman and nomination committee principles are added to the AGM agenda
– Renewed authorization to decide on a new issue of shares and / or convertibles and / or warrants.
The supplementary prospectus has been prepared due to Soltech publishing its interim report for the period January – June 2020 on 21/8 2020. The interim report is available at www.soltechenergy.com. The Supplementary Prospectus has been prepared in accordance with Article 23 of Regulation (EU) 2017/1129 and was approved and registered by the Swedish Financial Supervisory Authority on 24 August 2020.
The supplementary prospectus is part of, and should be read in conjunction with, the Prospectus. The definitions contained in the Prospectus also apply to the Supplementary Prospectus. The supplementary prospectus was published on the Company's and Aktieinvest's FK AB's websites, www.soltechenergy.com, and www.aktieinvest.se, respectively, on 24/8 2020 and is available together with the prospectus in electronic format.
Investors who, prior to the publication of the Supplementary Prospectus, have made a notification or otherwise agreed to subscribe for shares in the Offer, have the right under Article 23 (2) of Regulation (EU) 2017/1129 to withdraw their notification or consent within two working days from the publication of the Supplementary Prospectus. no later than 26/8 2020. Revocation must be made in writing to Aktieinvest FK AB, Emittentservice, 113 89 Stockholm or via e-mail to emittentservice@aktieinvest.se. Investors who have subscribed for shares in the Offer through a nominee must contact their nominee regarding revocation. Registration that has not been withdrawn will remain binding and investors who wish to remain with their subscription for shares in the Offer do not need to take any action. For complete terms and other information about the Offer, please refer to the Prospectus.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00, stefan.olander@soltechenergy.com
NOT FOR PUBLICATION, DISTRIBUTION OR PUBLICATION, WHETHER DIRECTLY OR INDIRECTLY, IN AUSTRALIA, JAPAN, CANADA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.
Determination of income statement and balance sheet
The Annual General Meeting adopted the income statement and balance sheet for the Parent Company as well as the consolidated income statement and consolidated balance sheet for the financial year 2019.
Appropriation
The Annual General Meeting resolved that no dividend be paid for the financial year 2019 and that the accumulated profit, SEK 239,632,234, is transferred in a new account as stated in the Board of Directors' Report.
Board of Directors and CEO
The Annual General Meeting granted discharge to the Board members and the CEO for the 2019 fiscal year.
The AGM re-elected members Göran Starkebo, Ninna Engberg, Stefan Ölander and Frederic Telander. Anna Kinberg Batra was elected Chairman of the Board.
Accountants
The Annual General Meeting resolved to re-elect the registered audit firm PwC with the authorized auditor Claes Sjödin as auditor in charge.
Board fees and auditor fees
The Annual General Meeting resolved that Board fees should be paid with SEK 300,000 to the Chairman of the Board and SEK 150,000 each to other Board members who are not employed by the Group. Auditor's fees shall be paid in accordance with current approved invoices.
Other proposals and decisions
The AGM resolved to approve the Board's proposal in accordance with the notice of:
– Renewed authorization to decide on a new issue of shares and / or convertibles and / or warrants.
For further information contact:
Stefan Ölander, CEO Tel no: 070 739 80 00 or E-mail: stefan.olander@soltechenergy.com or Anna Kinberg Batra, Chairman of the Board E-mail: anna.kinberg.batra@soltechenergy.com More information is available at www.soltechenergy. com.
About Soltech Energy Sweden AB (publ)
Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The Group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, MeraSol, Soldags, Takorama and Facade Systems. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 33,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
The venue for the meeting is: Hotel BirgerJarl, Tulegatan 8, Stockholm
Registration starts at 16:30
Right to participate and register
Shareholders who wish to attend the AGM shall
• be entered in the share register kept by Euroclear Sweden AB no later than Wednesday, June 17, 2020 (for nominee-registered shares, see also "Nominee-registered shares" below), and
• Register to the Company no later than Wednesday, June 17, 2020, under address Soltech Energy Sweden AB (publ). Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm or via e-mail to stamma@soltechenergy.com. In the notification, shareholders must state their name and social security number or company and organizational number. In addition, the address, telephone number, shareholding and the number of possible assistants (maximum one) must be stated.
• To prepare the opportunity to vote at the AGM and at the same time hold larger gatherings in the tracks of Covid-19, shareholders are encouraged to vote by proxy or by postal vote. Materials for voting by proxy or postal voting can be found at www.soltechenergy.com. Postal voting must be done either to Soltech Energy Sweden AB (publ). Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm or via e-mail to stamma@soltechenergy.com. The last day for postal voting is June 17, 2020.
Trustee-registered shares
Shareholders whose shares are nominee-registered through a bank or other nominee must, in order to participate in the AGM, request to be temporarily registered for the shares in their own name in the share register with Euroclear Sweden AB. Shareholders desiring such registration must notify their nominee well in advance of Wednesday, June 17, 2020, when such registration must be finalized.
Attendance at the AGM
In the light of the risk of spreading coronavirus and the authorities' regulations / advice on avoiding larger gatherings, the Board wishes to emphasize the importance of pre-registration. Only pre- registered shareholders will be granted access to the AGM to enable the Board to adapt the premises in the best possible way.
Agents, etc.
Shareholders may appoint one or more representatives. Shareholders represented by proxy must issue written and updated proxy for the proxy. The authorization is valid for a maximum of one year from the date of issue, unless the authorization specifically specifies a longer period of validity, but no longer than five years from the issue. A power of attorney issued by a legal person must be enclosed with authorization documents (registration certificate or equivalent). The proxy in original and any authorization documents should be submitted to Soltech Energy Sweden AB well in advance of the Annual General Meeting, but no later than June 17, 2020, Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm. A proxy form is available on the company's website, www.soltechenergy.com
Proposed agenda
-
Opening of the Meeting
-
Election of Chairman of the Meeting
-
Establishment and approval of voting length
-
Approval of the agenda
-
Selection of one or two protocol adjusters
-
Examination of whether the meeting has been duly convened
-
Speech by the CEO
-
Presentation of the annual report and the auditor's report, as well as the consolidated accounts
and consolidated auditors' report for the financial year 2019.
-
Decision:
-
Determination of income statement and balance sheet as well as consolidated income statement and consolidated balance sheet.
-
Allocations regarding the Company's earnings according to the adopted balance sheet,
-
Discharge for the members of the Board of Directors and the CEO.
10. Determination of the number of board members 11. Determination of Board fees
12. Determination of auditor's fees 13. Election of Board of Directors
14. Election of Chairman of the Board 15. Election of auditor
16. Resolution on authorization for the Board to issue shares, warrants and convertibles. 17. Any other decisions, if any
18. Closing of the Meeting
Proposition for resolution
Item 2 – Election of Chairman of the Meeting
Shareholders representing 7.36 percent of the votes suggest that Göran Starkebo be elected chairman at the meeting.
Item 9 (ii) – Allocation of the Company's earnings
The Board of Directors and the Managing Director propose that no dividend be paid to the shareholders, and that any amounts available to the Meeting are transferred in new account.
Item 10 – Determination of the number of board members
Shareholders representing 7.36 per cent of the votes suggest that the board should consist of five members without deputies.
Items 11-12 – Determination of Board fees and auditor fees
Shareholders representing 7.36 percent of the votes in the Company propose that board fees of
SEK 300,000 should be paid to the chairman of the board and that board fees of SEK 150,000 be paid to each of the other members of the board. However, a board member who is replaced by the Company due to employment shall not receive any fees, either in the parent company or in the subsidiary.
It is proposed to the auditor that fees be paid in accordance with approved invoice.
Item 13-14 – Election of Board of Directors and Chairman of the Board
Shareholders representing 7.36 per cent of the votes in the Company propose the re-election of ordinary board members Ninna Engberg, Göran Starkebo, Frederic Telander and Stefan Ölander and new election of Anna Kinberg Batra.
Shareholders representing 7.36 percent of the votes in the Company propose that Anna Kinberg Batra be appointed Chairman of the Board for the period until the end of the next Annual General Meeting.
Item 15 – Election of auditor
The Board of Directors proposes that the Annual General Meeting, for the time until the end of the next Annual General Meeting, re-elect Pricewaterhousecoopers i Sverige AB (PWC) as the Company's auditor. PWC has announced that, in the event that PWC is elected, PWC will appoint Claes Sjödin as Chief Auditor.
Item 16 – Resolution on authorization for the Board to decide on the issue of new shares and the issue of warrants and convertibles.
The Board of Directors proposes that the Annual General Meeting make a decision to authorize the Board to make decisions on the issue of shares and / or issue of convertibles and / or warrants until the next AGM, on one or more occasions, even with deviations from the shareholders' preferential rights. The shares, convertibles and / or warrants may be subscribed for in cash payment or against payment by way of set-off, by the addition of in kind, or otherwise with conditions. The authorization is limited to the number of shares on the issue or issue of warrants and convertibles, the number of warrants and convertible debentures that may entail the issue or conversion to the corresponding number of shares, calculated at the time of issue of such warrants or convertibles, which are contained in the articles of association. on the number of shares.
Item 18 – Closing of the Meeting
Provision of documents
The annual report documents and the auditor's report as well as the full proposal of the Board of Directors as above will be made available at the Company's office for at least three weeks before the meeting and will be sent free of charge to the shareholders who have stated that they wish to receive such information from the Company. All documents will also be available simultaneously on the Company's website, www.soltechenergy.com.
Information on the number of shares and votes and on the holding of own shares
The total number of shares and votes in the company at the time of issuing this notice was 55 135 956. All issued shares have equal voting rights. The company does not hold any own shares.
Majority requirements
A resolution according to paragraph 16 above is valid only if it has been supported by shareholders with two-thirds of both the votes cast and the shares represented at the meeting.
Shareholders' right to request information
The Board of Directors and the Managing Director shall, if any of the shareholders so request and the Board of Directors considers that it can be done without material harm to the Company, provide information at the Annual General Meeting on matters that may affect the assessment of a matter on the agenda and circumstances that may affect the assessment of the company's financial situation. The duty to disclose also relates to the company's relationship with other group companies and the consolidated accounts, as well as conditions concerning subsidiaries referred to in the first paragraph.
______________________________
Stockholm in May 2020
Soltech Energy Sweden AB (publ) Board of Directors
In view of the prevailing conditions in the world financial markets as a result of the global spread of the corona virus, ASAB, in consultation with its advisors, has decided to postpone the planned listing of the Company's shares on First North Growth Market until more favorable conditions exist.
The collaboration with Carnegie Investment bank and DNB Markets with the aim of listing the Company's shares on Nasdaq First North Growth Market is firm, and together with the previously announced plan to issue green bonds together with Nordea and DNB Markets, is the Company's financing plan for the continued expansion in China.
With a view to securing growth in China in the short term, ASAB is now evaluating alternative financing options with its advisers.
For more information contact:
Frederic Telander, CEO Advanced SolTech Sweden AB (publ) Tel: 070 – 525 16 03. E-mail: frederic.telander@soltechenergy.com or Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on March 11, 2020 at. 11:00 CET.
About Soltech Energy Sweden AB (publ)
Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, Merasol Soldags and Takorama. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 32,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy's investment in China is conducted in Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., ASRE, its wholly owned local subsidiaries and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the plant, but instead commits to purchase the electricity that the plant produces during a 20-year agreement. Ongoing revenue comes from sales of electricity to customers and from various forms of grants per produced kilowatt hour (kWh) of solar energy. The goal is to have an installed capacity of 1,000 megawatts (MW) fully connected to the electricity grid in 2024 by 2023.
ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
On July 8, 2019, Soltech Energy announced that CFO Mats Holmfeldt will leave the Company when a new CFO has been recruited and entered the service. Niclas Lundin is currently CFO at Vapiano, a German listed restaurant company. Prior to joining Vapiano, Niclas worked as CFO at Dynasafe International AB and prior to that for nine years as an auditor at Deloitte.
CEO Stefan Ölander in a comment: – I am very pleased with our recruitment of Niclas. He will fit perfectly into the team with his experience as CFO and with his knowledge base from many years as an auditor. We have embarked on an intensive M&A journey and Niclas will be a welcome resource and competence addition. Finally, I would also like to thank Mats Holmfeldt for his outstanding efforts during his nearly 5 years as the Company's CFO.
For further information contact: Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com
About SolTech Energy Sweden AB (publ) SolTech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, SolTech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
For more information, please contact: Stefan Ölander, CEO SolTech Energy. Tel; 070-739 80 00, email: stefan.olander@soltechenergy.com
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity produced. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com