Notice of Efore Plc’s Extraordinary General Meeting

EFORE PLC Stock Exchange Release    11 April 2018 at 12.50 p.m.

Notice of Efore Plc’s Extraordinary General Meeting

Notice is given to the shareholders of Efore Plc of the Extraordinary General Meeting to be held on Thursday, 3 May 2018 at 1.00 p.m. at Stella Business Park, Terra building, address Lars Sonckin kaari 16, 02600 Espoo. Coffee will be served at 12.30 p.m. The reception of persons who have registered for the meeting will commence at 12.30 p.m.

A. MATTERS ON THE AGENDA OF THE EXTRAORDINARY GENERAL MEETING

At the Extraordinary General Meeting, the following matters will be considered:

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinize the minutes and to supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Authorising the Board of Directors to decide on the issuance of shares

The Board of Directors proposes that the general meeting authorise it to decide on a share issue according to the pre-emption rights of shareholders.

The authorisation would entitle the Board to issue a maximum of 390,410,237 shares. The share issue may be implemented by issuing new shares or transferring shares now in possession of the company.  The Board can use the authorisation in one or more parts. The board of directors is authorised to decide on any other conditions of the issuance of shares.

The Board of Directors proposes that the authorisation is valid until 31 December 2018. The authorisation would not revoke any prior authorisations granted to the Board of Directors.

7. Closing of the Meeting

B. DOCUMENTS OF THE GENERAL MEETING

The above-mentioned proposal for resolution, this notice as well as other documentation required by the Companies’ Act are available on the company‘s website at www.efore. The proposal for resolution and other documents referred to above are also available at the Extraordinary General Meeting. Copies of these documents, together with this invitation, will be sent on request to shareholders.  The minutes of the meeting will be available at the website referred to above no later than from 17 May 2018 onwards.

C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE MEETING 

1. The right to participate and registration 

Each shareholder, who is registered on 20 April 2018 in the shareholders‘ register of the company maintained by Euroclear Finland Oy, has the right to participate in the Extraordinary General Meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholders‘ register of the company.   

A shareholder, who wants to participate in the Extraordinary General Meeting, shall register for the meeting by 10 a.m. on 27 April 2018 at the latest. The registration needs to be received by the company no later than by 10 a.m. on 27 April 2018. Such registration can be made:   

a) directly by e-mail to ir.fi;  
b) by telephone to Efore Plc / Anu Virokannas or Sari Jaulas, +358 9 478 466; or
c) by mail to Efore Plc / Anu Virokannas, Post Box 260, FI-02601 Espoo. 

In connection with the registration, a shareholder shall notify his/her name, personal identification number, address, telephone number and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal data given to Efore Plc is used only in connection with the Extraordinary General Meeting and the necessary processing of related registrations.   

A shareholder, his/her representative or proxy representative shall, if needed, be able to prove his/her identity and/or right of representation.   

2. Holders of nominee registered shares 

A holder of nominee registered shares has the right to participate in the Extraordinary General Meeting by virtue of those shares based on which he/she, on 20 April 2018, would be entitled to be registered in the shareholders‘ register of the company held by Euroclear Finland Oy. The right to participate in the Extraordinary General Meeting requires, in addition, that the shareholder on the basis of such shares has been registered into the temporary shareholders‘ register held by Euroclear Finland Oy at the latest by 10:00 a.m. on 27 April 2018. As regards nominee registered shares this constitutes due registration for the meeting.   

A holder of nominee registered shares is advised to request necessary instructions regarding the registration in the shareholders’ register of the company, the issuing of proxy documents and registration for the Extraordinary General Meeting from his/her custodian bank in good time in advance of the Extraordinary General Meeting. The account management organization of the custodian bank will need to register a holder of nominee registered shares, who wants to participate in the Extraordinary General Meeting, to be temporarily entered into the shareholders‘ register of the company at the latest by 10 a.m. on 27 April 2018.   

3. Proxy representative and powers of attorney 

A shareholder may participate in the Extraordinary General Meeting and exercise his/her rights at the meeting by way of proxy representation.   

A proxy representative shall present a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the Extraordinary General Meeting. When a shareholder participates in the Extraordinary General Meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the Extraordinary General Meeting.   

Possible proxy documents should be delivered in original to Efore Plc/ Anu Virokannas, Post Box 260, FI-02601 Espoo before the end of the registration time.   

4. Other information 

Pursuant to chapter 5, section 25 of the Companies Act, a shareholder who is present at the Extraordinary General Meeting has the right to request information with respect to the matters to be considered at the meeting.   

On the date of the notice, 11 April 2018, the total number of shares and votes in Efore Plc is 55,772,891.

EFORE PLC

THE BOARD OF DIRECTORS

For further information please Mr. Jorma Wiitakorpi, CEO, on tel. +358 40 175 8510.

DISTRIBUTION
Nasdaq Helsinki Oy
Principal media

Efore Group

Efore Group is an international company which develops and produces demanding power products. Efore‘s head office is based in Finland and its sales, marketing and product development units are located in China and Europe. In addition, the group has a sales and marketing unit in United States. In the fiscal year ending in December 2017, consolidated net sales totaled EUR 69.9 million and the Group‘s personnel averaged 432. The company‘s share is quoted on the Nasdaq Helsinki Ltd.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.