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Bulletin from Investor AB's Annual General Meeting 2021
Press release Stockholm, May 5, 2021 Bulletin from Investor AB’s Annual General Meeting 2021 The Annual General Meeting of Investor AB (the “Meeting”) on May 5, 2021, has due to covid-19 been carried out through advance voting pursuant to temporary legislation. A pre-recorded Investor Dialog, as well as a live conference call where shareholders have been able to ask questions to Investors’ Chair Jacob Wallenberg and the CEO Johan Forssell, is published on Investor’s website www.investorab.com. The resolutions passed at the Meeting included the following. Approval of the income statement and the balance sheet The Meeting approved the income statement and the balance sheet for the parent company, as well as of the consolidated income statement and the consolidated balance sheet for the fiscal year 2020. Dividend The Meeting resolved, in accordance with the proposal of the Board, on a dividend to the shareholders of SEK 14.00 per share to be paid in two installments. At the first installment SEK 10.00 per share is paid with the record date Friday, May 7, 2021. At the second installment SEK 4.00 per share is paid (or SEK 1.00 per share after implementation of the share split 4:1 approved by the Meeting, see below) with the record date Monday, November 8, 2021. The dividend is expected to be paid on Wednesday, May 12, 2021, and on Thursday, November 11, 2021. 1(3) Remuneration Report The Meeting approved the Remuneration Report presented by the Board of Directors. Board of Directors The Meeting discharged the members of the Board and the President from liability for the fiscal year 2020. -
20170823 Atlas Copco Announces the Management
Press Release from the Atlas Copco Group Atlas Copco announces the management team of Epiroc – the company planned to be dividended out in 2018 Stockholm, Sweden, August 23, 2017: Atlas Copco has completed the recruitment of the management team for Epiroc AB. Including the previously appointed President and CEO Per Lindberg it has five positions. The management team will be in place latest in the first quarter of 2018, subject to resignation periods. The five members of Epiroc’s management team will be: Per Lindberg, President and CEO Helena Hedblom, Senior Executive Vice President Mining and Infrastructure Anders Lindén, Senior Vice President Controlling and Finance (CFO) Mattias Olsson, Senior Vice President Corporate Communications Jörgen Ekelöw, Senior Vice President General Counsel On July 18, 2017, Atlas Copco announced that Per Lindberg has been appointed President and CEO of Epiroc, the company Atlas Copco plans to dividend out in 2018. Per Lindberg is currently the President and CEO of BillerudKorsnäs AB, a leading supplier of renewable packaging materials and solutions. Per Lindberg’s mission will be to position Epiroc as a leading productivity partner for customers in mining, infrastructure and natural resources, and to further develop and grow the Epiroc business. The four other members of the Epiroc management team will be: Helena Hedblom, Senior Executive Vice President Mining and Infrastructure of Epiroc. Helena Hedblom is currently Senior Executive Vice President of Atlas Copco’s Mining and Rock Excavation Technique business area. Her role at Epiroc will be to run the Mining and Infrastructure business area with seven division presidents reporting directly to her. -
Freedom to Move in a Personal, Sustainable and Safe Way
VOLVO CAR GROUP ANNUAL REPORT 2020 Freedom to move in a personal, sustainable and safe way TABLE OF CONTENTS OVERVIEW 4 2020 Highlights 6 CEO Comment 8 Our Strenghts 10 The Volvo Car Group 12 Our Strategic Affiliates THE WORLD AROUND US 16 Consumer Trends 18 Technology Shift OUR STRATEGIC FRAMEWORK 22 Our Purpose 24 Strategic Framework HOW WE CREATE VALUE 28 Our Stakeholders 30 Our People and Culture 32 Product Creation 38 Industrial Operations 42 Commercial Operations MANAGEMENT REPORT 47 Board of Directors Report 52 Enterprise Risk Management 55 Corporate Governance Report FINANCIAL STATEMENTS 60 Contents Financial Report 61 Consolidated Financial Statements 67 Notes to the Consolidated Financial Statements 110 Parent Company Financial Statements 112 Notes to the Parent Company Financial Statements 118 Auditor’s Report 120 Board of Directors 122 Executive Management Team Freedom to move SUSTAINABILITY INFORMATION 124 Sustainability Management and Governance 129 Performance 2020 PERSONAL SUSTAINABLE SAFE 139 Sustainability Scorecard 144 GRI Index Cars used to be the symbol for personal freedom. Owning a car meant that you had the We commit to developing We commit to the highest We commit to pioneering 146 TCFD Index means to be independently mobile – that you owned not just a vehicle, but choice as and building the most per- standard of sustainability the safest, most intelligent 147 Auditor's Limited Assurance Report on sonal solutions in mobility: in mobility to protect technology solutions in Sustainability well. Nothing of that has changed, but the world we live in has. The earth, our cities and to make life less compli- the world we share. -
Epiroc EMTN Base Prospectus 2018
BASE PROSPECTUS Epiroc AB (publ) (incorporated in Sweden as a public company with limited liability under registration number 556041-2149) €1,500,000,000 Euro Medium Term Note Programme Under the Euro Medium Term Note Programme described in this Base Prospectus (the “Programme”), Epiroc AB (publ) (the “Issuer”), subject to compliance with all relevant laws, regulations and directives, may from time to time issue Euro Medium Term Notes (the “Notes”). The aggregate nominal amount of Notes outstanding will not at any time exceed EUR 1,500,000,000 (or the equivalent in other currencies), subject to increase in compliance with the relevant provisions of the Dealer Agreement (as defined under “Subscription and Sale”). This Base Prospectus has been approved by the Central Bank of Ireland as competent authority under Directive 2003/71/EC (as amended, including by Directive 2010/73/EU, or superseded the “Prospectus Directive”). The Central Bank of Ireland only approves this Base Prospectus as meeting the requirements imposed under Irish and European Union (“EU”) law pursuant to the Prospectus Directive. Such approval relates only to the Notes which are to be admitted to trading on a regulated market for the purposes of Directive 2014/65/EU (as amended, “MiFID II”) and/or which are to be offered to the public in any member state of the European Economic Area (“EEA”). Application will be made to the Irish Stock Exchange plc, trading as Euronext Dublin (“Euronext Dublin”) for Notes issued under the Programme during the period of 12 months from the date of this Base Prospectus to be admitted to the official list (the “Official List”) and trading on its main securities market (the “Market”). -
Annual Report 2008 Overview 2008
Annual Report 2008 Overview 2008 INVESTMENTS INVESTMENT STRATEGY GOAL • Well established global companies. To generate a return • Significant minority ownership exceeding the market cost of for strategic influence. capital defined as the risk-free • Listed companies. interest rate plus a risk premi- • Long ownership horizon. um over a business cycle. Currently this corresponds to approximately 8 percent nvestments per year. I Core • Medium-size to large companies with To generate a return significantly international operations. exceeding market cost of capital • Preferably companies with potential for defined as the risk-free interest stable growth and high profitability. rate plus a risk premium over • Majority ownership or significant a business cycle, appropriately mino rity position for strategic influence. reflecting the holding’s liquidity nvestments • Listed and unlisted companies. I as well as its financial and • Long ownership horizon, longer than 5-10 years. operating risk profile. Currently, the return objective exceeds 15 percent per year. perating O Investor INVESTOR GROWTH CAPITAL Average annualized return Growth Capital • Small and medium-size growth (IRR) of 20 percent or more companies in the U.S., on realized investments before Northern Europe and Asia. administrative expenses, over • Minority ownership. a business cycle. nvestments I • Mainly unlisted companies within healthcare and IT. • Ownership horizon 3-7 years. quity E EQT’s funds (PARTLY OWNED) • Buyout investments in Northern Europe, China and the U.S. • Majority ownership. • Ownership horizon 3-7 years. Private OVERVIEW – INVESTOR 2008 MAIN EVENTS SHARE OF TOTAL ASSETS • Holdings in OMX and Scania were divested with good returns. • Ownership positions were strengthened in Atlas Copco, SEB, Husqvarna and Electrolux. -
Annual Report 2011 Investor in Brief
Annual report 2011 Investor in brief Vision To be recognized as a premier investor, supporting the development of our portfolio companies to become best-in-class. CONTENTS Key figures .......................................................................... 2 Business concept Portfolio overview ................................................................ 4 Investor owns significant minority and majority interests Letter from the Chairman ..................................................... 6 in high quality companies. Through our participation on President’s comments ........................................................... 8 Value creation ................................................................... 10 the Boards of Directors, we work for continuous Business areas .................................................................... 12 improvement of the performance of the companies. Core Investments................................................................ 14 With our industrial experience, network and financial Financial Investments .......................................................... 21 strength we strive to make our companies best-in-class. Investor shares ................................................................... 24 Our cash flow allows us to support strategic initiatives in Employees, network and brand .......................................... 26 our companies, capture investment opportunities and Sustainable business ........................................................... 27 provide our shareholders -
Annual Report 2016 Shareholder Information
Annual report 2016 Shareholder information Calendar of events 2017 • Interim Management Statement, January-March: April 24 • Annual General Meeting: May 3 • Interim Report, January-June: July 19 • Interim Management Statement, January-September: October 27 • Year-End Report: February 1, 2018 Information material Financial information about Investor can be accessed and ordered (information by sms, e-mail or printed annual report) CONTENTS on our website: www.investorab.com, or by calling Investor in brief .........................................................1 +46 8 614 2131. Letter from the Chairman .........................................2 Printed annual reports are distributed to shareholders that Letter from the CEO ..................................................3 have requested it. All new shareholders will receive a letter asking how they would like to receive information. Financial development ..............................................4 Objective and operating priorities ..........................6 Investor relations Active ownership .......................................................7 Magnus Dalhammar: +46 8 614 2130 Sustainable business..................................................9 [email protected] Listed Core Investments .......................................... 12 IR Group: +46 8 614 2131 EQT ............................................................................ 16 www.investorab.com Patricia Industries .................................................... 17 Annual General Meeting Investor’s -
Auditors, Deloitte AB Independent in Independent in Was Appointed Auditor Until the Close of the 2014 AGM
Nomination Committee members 2014 AGM At the 2013 AGM, the registered firm of auditors, Deloitte AB Independent in Independent in was appointed auditor until the close of the 2014 AGM. The relation to the relation to the Authorized Public Accountant Thomas Strömberg is the auditor company and company’s Nomination Commit- company major 12/31 2013 in charge. tee members Management shareholders % of votes The auditing firm has, besides the audit, conducted a limited Hans Wibom, number of other assignments on behalf of Investor. These Wallenberg Foundations Yes No 1) 50.0 assignments mainly consisted of services associated with audit- Peder Hasslev, AMF Yes Yes 6.6 ing, such as in-depth reviews during audit. By limiting the extent Lars Isacsson, SEB Foundation Yes Yes 4.7 to which the auditor is allowed to perform services other than Ramsay Brufer, Alecta Yes Yes 2.9 auditing, it is possible to ensure that the auditor is independent Jacob Wallenberg, of the company. For details on remuneration to auditors, see 2) Chairman of the Board Yes No note 10, Auditor’s fees and expenses. The composition of the Nomination Committee was made public on October 4, 2013. The composition meets the independence criteria set forth by the Code. 1) Representing the Wallenberg Foundations. Investor’s auditor: Deloitte AB 2) Member of Knut och Alice Wallenberg Foundation. Auditor-in-charge: Thomas Strömberg, Authorized Public Accountant Born: 1966 Auditor Auditor-in-charge for Investor since 2013 Pursuant to its Articles of Association, Investor must have one Shares in Investor AB: 0 shares or two auditors, and no more than two deputies. -
Corporate Governance Report 2020
Corporate Governance Report SKF Annual Report 2020 141 Corporate GOVernance Report Introduction General information about how the company is managed SKF Care defines the Group’s approach to securing sustainable, The shareholders’ meeting is the company’s highest decision-making positive development over the short, medium and long term. SKF body. The Annual General Meeting of shareholders shall be held applies the principles of sound corporate governance as an instru- within six months after the end of the financial year. At the Annual ment for increased competitiveness and to promote confidence in General Meeting the shareholders exercise their voting rights for SKF among all stakeholders. Among other things, this means that e.g. the composition of the Board of Directors, adoption of principles the company maintains an efficient organizational structure with of remuneration for Group Management and election of external clear areas of responsibility and clear rules for delegation, that the auditors. SKF has issued A and B shares. An A share entitles the financial, environmental and social reporting is transparent and that shareholder to one vote and a B share to one-tenth of a vote. the company in all respects maintains good corporate citizenship. The Board of Directors has a responsibility for the company’s The corporate governance principles applied by SKF are based organisation and for the oversight of the management of the compa- on Swedish law, in particular the Swedish Companies Act and the ny’s affairs and is, together with the President and Group Manage- Swedish Annual Accounts Act, and the regulatory system of NASDAQ ment defining and continuously monitoring SKF’s vision, mission, Stockholm AB (Stockholm Stock Exchange). -
Epiroc Facts in Brief 2020-2021
6th Sense Our customers and applications Our segments 6th Sense optimizes customers’ processes by connecting machines, systems and people using automation, information Mining Equipment & Service management and system integration. The mining industry represents approximately Equipment & Service provides equipment and solutions for rock 76% of our business. Applications include pro- drilling, mechanical rock excavation, rock reinforcement, loading and With 6th Sense, our customers can achieve production gains duction and development work for both under- haulage, ventilation systems, exploration drilling, drilling equipment and lower operating costs. ground and open-pit mines, and for mineral for water, energy, oil and gas. It also provides related parts and ser- exploration. vice and solutions for automation and interoperability. Infrastructure Infrastructure applications represent approxi- mately 24% of our business. Applications include blasthole drilling for tunneling, for road, railway and dam construction, aggregate production and other construction work, demolition of build- ings, bridges and industrial plants as well as Surface equipment Underground equipment other drilling applications. Exposure to mining (by minerals) and infrastructure Epiroc leads the charge on battery power Infra- Parts and services Automation and digital solutions structure With electric vehicles instead of diesel-powered machines, it is 24% possible to eliminate emissions from diesel engines and thereby Tools & Attachments improve the working environment for personnel. In 2016, we Tools & Attachments provides rock drilling tools and hydraulic launched our first battery-electric machines and we aim to offer attachments that are attached to machines and used mainly for a complete fleet of underground mining equipment as battery- drilling, demolition and recycling as well as rock excavation. -
Year End Report 1999
<($5(1'5(3257 • Investor’s net asset value on December 31, 1999, was SEK 153,259 m. (compared with SEK 93,502 m. in the previous year). This corresponds to SEK 191 (117) per share. During the year, the net asset value increased by SEK 59,757 m. (5,093) or 64 percent (6). On January 21, 2000, Investor’s net asset value amounted to SEK 150,532 m. • On December 31, 1999, the market value of Investor’s core holdings was SEK 154,874 m. (88,923). The value of Investor’s core holdings rose by 59 percent (1) during the year. The value of the core holdings on January 21, 2000, was SEK 152,594 m. • Investor’s total return in 1999 amounted to 35 percent (-1). The return for the new investments business was more than 50 percent (30) in 1999. • The Group’s net income for 1999 amounted to SEK 10,820 m. (3,465). • During the year, Investor concluded an agreement with AB Volvo on the sale of the entire holding in Scania. At the same time, Volvo made a public offering to all other shareholders in the company to purchase the other shares in Scania. • During the year, Investor acquired shares in Volvo and increased its holdings in Ericsson, SEB, OM Gruppen and WM-data. Investor also participated in new issues in Atlas Copco and SEB. Activity in the new investments business remained high during the year and a number of new investments and sales were carried out. • The proposed ordinary dividend to shareholders is SEK 3.00 (2.75) per share. -
Protokoll Fört Vid Årsstämma Med Aktieägarna I Husqvarna AB (Publ)
This is a non-official translation of the Swedish original wording. In case of differences between the English translation and the Swedish original, the Swedish text shall prevail. Minutes of the Annual General Meeting of Shareholders of Husqvarna AB (publ), Reg. No. 556000-5331, on April 9, 2019 at 4 pm in Jönköping, Sweden Present: As per Appendix 1, which states the number of shares, class of shares and votes for each shareholder entitled to vote. In addition, it was noted that the following individuals were present: the Chair of the Board Tom Johnstone, Directors of the Board Ulla Litzén, Katarina Martinson, Bertrand Neuschwander, Daniel Nodhäll, Lars Pettersson, President & CEO Kai Wärn, CFO Glen Instone, authorized public accountant Hamish Mabon and General Counsel Brian Belanger. § 1 The Chair of the Board, Tom Johnstone, opened the meeting and welcomed the shareholders. § 2 It was resolved to elect Erik Sjöman as Chair of the meeting, in accordance with the proposal from the Nomination Committee. It was resolved to allow representatives from the media and other guests having no voting rights to attend the meeting, and to allow access to video recordings and presentations from the President & CEO´s report to the public. It was noted that the Chair had requested Husqvarna’s General Counsel Brian Belanger to act as secretary and to keep the minutes of the meeting. § 3 It was resolved to approve Appendix 1 as the voting list for the meeting. § 4 It was resolved to approve the agenda, as proposed in the notice to the meeting. § 5 Caroline Sjösten, from Swedbank Robur Fonder AB, and Oskar Börjesson, from Livförsäkringsbolaget Skandia, ömsesidigt, were appointed, together with the Chair, to act as minute checkers and to approve the minutes of meeting.