Extraordinary General Meeting 2020

An Extraordinary General Meeting in Kinnevik will be held on Wednesday 19 August 2020 at 10.00 CEST at Convendum, Regeringsgatan 30 in Stockholm. Registration for the Extraordinary General Meeting will commence at 9:30 CEST.

The Extraordinary General Meeting will be held to resolve on the Board’s proposal regarding an extraordinary cash value transfer of SEK 7.00 per share to holders of ordinary shares (i.e. holders of Class A shares and Class B shares) in Kinnevik which is expected to be paid out to shareholders around 17 September 2020. The Board’s proposal is a result of Kinnevik's divestment of 11.25 million shares in Zalando, as announced by Kinnevik on 15 June 2020. The extraordinary cash value transfer is proposed to be made through a share redemption plan. An information brochure regarding the share redemption plan is available below.

 

information brochure

 

Information regarding postal voting before the Extraordinary General Meeting

In light of the outbreak of the corona virus that causes COVID-19 and for the safety of all shareholders, Kinnevik has decided that shareholders before the Extraordinary General Meeting should be able to exercise their voting rights by post. The form for postal voting and a link to digital postal voting can be found below.

Kinnevik strongly encourages shareholders to vote by post in order to minimise the number of participants present in person at the Extraordinary General Meeting, thereby helping to reduce the spread of infection.

Special arrangements in view of the outbreak of the corona virus that causes COVID-19

The continued spread of the corona virus that causes COVID-19 remains difficult to assess with any certainty. At the time of the issuance of this notice, public gatherings of more than 50 participants are restricted. Kinnevik is mindful of the health of our shareholders and will comply with any applicable restrictions. As a further precautionary measure, Kinnevik has decided to implement special arrangements at the Extraordinary General Meeting. Such arrangements include, among other things, that Kinnevik’s Board members and Chief Executive Officer will participate in the Extraordinary General Meeting via telephone, no presentations will be held, and no food or beverages will be served.

Kinnevik is closely monitoring the impact of the outbreak of the corona virus that causes COVID-19, and in case of updated government instructions or recommendations from relevant authorities, Kinnevik may decide on additional precautionary measures in connection with the Extraordinary General Meeting. If there is a risk that the number of people present at the Extraordinary General Meeting will exceed the restrictions and limitations for gatherings applicable at the time, Kinnevik may decide to postpone the Extraordinary General Meeting until a later date. Kinnevik will provide any further information and updates here up until the Extraordinary General Meeting.

Notice etc.

Shareholders who wish to participate in the Extraordinary General Meeting shall:

  • be recorded in the share register maintained by Euroclear Sweden on Thursday 13 August 2020, and
  • give notice to attend no later than Thursday 13 August 2020. 

Notice to attend can be made on the link below, by telephone to +46 (0) 8 402 91 36 or by post by sending a letter to Kinnevik AB, ”EGM”, c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden. Shareholders shall in their notice to attend state their name, personal identification number or company registration number, address, phone number and advisors, if applicable. Shareholders whose shares are registered in the names of nominees must temporarily re-register such shares in their own name to be entitled to participate in the Extraordinary General Meeting. In order for such re-registration to be completed on Thursday 13 August 2020, shareholders must inform their nominees well before that day.  

Proxies 

Shareholders represented by a proxy or a representative should send documents of authorisation to Kinnevik AB, ”EGM”, c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden, well before the Extraordinary General Meeting. A template proxy form is available below. 

Important information about postal voting before the Extraordinary General Meeting

In light of the outbreak of the corona virus that causes COVID-19 and for the safety of all shareholders, Kinnevik strongly encourages shareholders to vote by post before the Extraordinary General Meeting. 

The form for postal voting is available below. The completed and signed form must be received by Kinnevik no later than 18 August 2020 at 17:00 CEST and shall be submitted either by email to GeneralMeetingService@euroclear.eu, or by post to Kinnevik AB, ”EGM”, c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden.

Shareholders may also cast their postal votes digitally up until 18 August 2020 at 17:00 CEST. Link to digital postal voting can be found below.

Please note that registration of shares in the shareholder’s own name (if the shares are registered in the name of a nominee) and a notice to attend the Extraordinary General Meeting must be completed no later than Thursday 13 August 2020, even if the shareholder wish to exercise its voting right by post before the Extraordinary General Meeting. 

Complete documentation, online registration, templates for proxy and postal voting


Notice to the 2020 EGM

Link to registration website

Proxy form

Form for postal voting

Link to digital postal voting

Information brochure