FINANCIAL INFORMATION
NEW WAVE'S SHARE
The number of shares in New Wave Group AB amounts to
66 343 543 with a quotient value of SEK 3.00. The shares have
equal rights to the Company’s assets and profits. Each Series A
share carries ten votes and each Series B share carries one vote. The
offer of first refusal is in place for Series A shareholders in accor-
dance with paragraph 14 of the articles of association.
The election of Board members takes place at the AGM.
Through companies, Torsten Jansson owns 32.6% (32.3%) of the
capital and 81.7% (81.6%) of the votes.
The following authorization has been given to the Board until the
next AGM:
GROWTH TARGETS
AND DIVIDEND POLICY
The growth target over one business cycle is 10-20 % per year,
of which 5-10 % should be organic growth and 15 % operating
margin. The dividend policy is that the dividend will account for
40 % of the Group’s profit after taxes over a business cycle.
IN GENERAL
A report on the Group’s governance and the work of the Board is
presented in the section on Corporate Governance.
to, on one or several occasions, decide on the new issue of a
maximum of 4 000 000 Series B shares. The authorization
includes the right to decide to deviate from the shareholders’
preferential rights, unless the decision refers to a new issue
in which consideration is comprised only of cash. Through
decisions supported by the authorization, share capital will be
allowed to increase by a total maximum of SEK 12 000 000.
The authorization will also include the right to decide on
new issues with a dominance in kind, or that shares shall be
subscribed with a right of set-off or otherwise with conditions
as stated in chapter 13, section 5, point 6 of the Companies
Act. The reason for the deviation from the shareholders’ prefe-
rential rights is that the new issue of shares shall be used for
the acquisition of companies and for financing continued
expansion. The basis of the issue price will be the share’s
market value at the time of issue.
to, on one or more occasions, decide to raise financing of a
kind that is covered by the provisions in chapter 11, section
11 of the Companies Act. Such financing will take place on
market terms. The reason for this authorization is that the
Company should have the opportunity to raise financing on
attractive terms for the Company in which the interest rate
may depend on the Company’s profits or financial position,
for example.
For additional share information see pages 44–45.
NWG 2017 | 55