The shareholders of Kinnevik AB (publ) (“Kinnevik”) are hereby given notice to the 2021 Annual General Meeting on Thursday�29 April 2021. Due to the continuing coronavirus pandemic, the Board has decided that the Annual General Meeting should be conducted only through postal voting in accordance with temporary legislation. It will not be possible for shareholders to attend the Annual General Meeting in person or by way of a proxy holder. The notice is attached to this press release.
Information on the resolutions adopted by the Annual General Meeting will be disclosed on
29 April 2021, as soon as the outcome of the postal voting has been finally confirmed.
A presentation by Kinneviks Chief Executive Officer, Georgi Ganev, and short introductions by the new Chairman of the Board proposed by the Nomination Committee, James Anderson, and the new Board member proposed by the Nomination Committee, Harald Mix, will be available on Kinneviks website at www.kinnevik.com under the heading General Meetings (which can be found under the section Governance) in connection with the Annual General Meeting.
Distribution of Kinnevik’s shareholding in Zalando
As announced by Kinnevik on 17 February 2021, the Board of Kinnevik proposes that the 2021 Annual General Meeting resolves on a distribution of Kinnevik’s shareholding in Zalando SE (“Zalando”) to the shareholders. The distribution is proposed to be made through a share redemption plan, as set out in the Board’s proposal under items 17(a)-(f) on the proposed agenda. Through the distribution, Kinneviks portfolio becomes more balanced and focused on Kinneviks younger high-growth, increasingly unlisted, businesses in line with Kinneviks strategic plan to transform its portfolio and reinforce its position as Europes leading listed growth investor. Kinneviks shareholding in Zalando will for technical reasons be distributed in the form of Euroclear Sweden-registered Zalando shares that the holder may re-register directly with Clearstream Germany following the share redemption plan. The re-registration is made to enable shareholders to complete transactions with the distributed Zalando shares on the Frankfurt Stock Exchange.
An information brochure with further information on the share redemption plan as well as detailed instructions on the subsequent, free-of-charge, re-registration is available on Kinneviks website at www.kinnevik.com under the heading General Meetings (which can be found under the section Governance).
The Annual General Meeting will also be held to:
Participation
Shareholders who wish to participate in the Annual General Meeting shall be recorded in the presentation of the share register prepared by Euroclear Sweden concerning the circumstances on Wednesday 21 April 2021, and give notice to participate no later than Wednesday 28 April 2021 by casting their postal vote as instructed under the heading Postal voting below, so that the postal vote is received by Kinnevik no later than that day.
To be entitled to participate in the Annual General Meeting, shareholders whose shares are registered in the names of nominees must, in addition to giving notice to participate by casting their postal vote, re-register such shares in their own name so that the shareholder is recorded in the presentation of the share register as of 21 April 2021. Such re-registration may be temporary (“voting rights registration”) and can be requested from the nominee in accordance with the nominees procedures in such time in advance as the nominee determines. Voting rights registrations effected no later than the second banking day after 21 April 2021 will be considered in the presentation of the share register.
Postal voting
Shareholders may only exercise their voting rights at the Annual General Meeting through postal voting in advance pursuant to Section 22 of the Act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations.
A special form shall be used for postal voting. The form is available on Kinneviks website at www.kinnevik.com under the heading General Meetings (which can be found under the section Governance). Shareholders may also cast their postal votes digitally. Link to digital postal voting can be found on Kinneviks website at www.kinnevik.com under the heading General Meetings (which can be found under the section Governance).
Both postal voting forms and digital postal votes must be received by Kinnevik no later than 28 April 2021. Further instructions and conditions can be found in the postal voting form.
Proposed agenda
The Board proposes the following agenda to the Annual General Meeting:
For further information, visit www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com
Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to make peoples lives better by providing more and better choice. In partnership with talented founders and management teams we build challenger businesses that use disruptive technology to address material, everyday consumer needs. As active owners, we believe in delivering both shareholder and social value by building long-term sustainable businesses that contribute positively to society. We invest in Europe, with a focus on the Nordics, the US, and selectively in other markets. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinneviks shares are listed on Nasdaq Stockholms list for large cap companies under the ticker codes KINV A and KINV B.
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