The Extraordinary General Meeting (EGM) of
The merger with Yubico and redemption of shares
The EGM resolved to approve the merger between
The merger is expected to be registered by the Swedish Companies Registration Office during the third quarter of 2023.
Shareholders representing 74,147 shares and votes in ACQ voted against the proposal to approve the merger and the merger plan at the EGM. Accordingly, the shares held by these shareholders may be requested for redemption in accordance with the provisions in ACQ's articles of association between
Resolution to amend the articles of association
The EGM resolved to adopt amended articles of association due to the merger with Yubico whereby, among other, ACQ's company name shall be changed to
Resolution to authorize the board of directors to resolve on share issue
The EGM resolved to authorize the board of directors, on one or several occasions for the period up until the next Annual General Meeting, to resolve to issue new shares to the extent that such new issue can take place without amending the articles of association. An issue may be made with or without deviation from the shareholders' preferential rights. Based on the authorization, the board of directors may resolve to issue a number of new shares corresponding to a maximum of ten percent of the total number of outstanding shares in ACQ including the maximum number of shares that may be issued as share consideration according to the EGM's issue resolution above.
The purpose of the authorization and the reasons for the deviation from the shareholders' preferential rights are to enable the issue to be made in order to restore ACQ's cash position after the redemption of shares in connection with the transaction with Yubico and to finance the payment of fair market value to certain foreign shareholders in Yubico who cannot receive shares due to applicable securities legislation.
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