Rottneros Brings Arctic Paper AGM Forward to March 22
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Arctic Paper S.A., Poland, presented a public takeover bid to shareholders of Rottneros AB, Stockholm, Sweden, this past November, and has extended the acceptance period to February 26. After Arctic Paper gained control of 51.3 % of the shares in Rottneros as of February 7, it requested that Rottneros convene an extraordinary general meeting of the company to elect a board of directors. However, since election of the board normally would occur at the company's annual general meeting (AGM) along with other usual AGM business, Rottneros' current board proposed that the AGM be moved forward rather than conducting the extraordinary general meeting. Arctic Paper has accepted this proposal.
Rottneros asked the Swedish Securities Council to consider whether this procedure, of bringing the AGM forward, complies with good stock market practice in this context. The Council confirmed that it does. Thus the AGM will be held on Friday, March 22, at 14.00 CET in the World Trade Center, Klarabergsviadukten 70, Plan 4, Section D, World Trade Center Conference, New York Room, Stockholm, Sweden.
Shareholders who wish to have an item of business dealt with at the AGM should present their proposals to the company no later than 12.00 CET, February 19, so they can be included in the meeting Notice. The Notice convening the AGM will be published in accordance with provisions of the Swedish Companies Act.
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