The general meeting is Silex’s highest decision-making body, where shareholders exercise their decision-making power.
Annual general meetings
The annual general meeting must be held within six months of the end of each preceding financial year to consider, amongst other things, statutory accounts and reports, disposition of profit or loss and discharging the Board of Directors from liability.
Silex’s Articles of Association stipulate that notices convening the annual general meeting shall be published in the Official Swedish Gazette (Sw. Post- och Inrikes Tidningar) and be made available on Silex’s website. That such notice has been made, shall be published in the Swedish daily newspaper Svenska Dagbladet. The notice convening the annual general meeting must be published no earlier than six weeks and no later than four weeks prior to the meeting.
Extraordinary general meetings
Extraordinary general meetings are held when the Board of Directors considers such meetings appropriate or when either the auditor or shareholders representing at least one-tenth of all issued shares request such meeting in writing for a specified purpose. A notice convening an extraordinary general meeting will be announced no earlier than six weeks and no later than three weeks prior to the date of the extraordinary general meeting.
Right to participate in general meetings
Shareholders who wish to participate in a general meeting must be included in the share register maintained by Euroclear Sweden AB as of six banking days prior to the meeting, and notify Silex of their participation no later than the date stipulated in the notice convening the meeting. The manner in which to notify Silex is described in the notice convening the general meeting.
Shareholders may attend a general meeting in person or by proxy and may be accompanied by a maximum of two assistants, whose participation must be notified as previously described. A shareholder may vote for all shares owned or represented by the shareholder.