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SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

The shareholders of Scandinavian Biogas Fuels International AB (publ), 556528-4733, are hereby summoned to the annual general meeting of shareholders on Thursday the 28th of April 2016, 13:30, Stockholm Vatten’s premises in Henriksdal, Värmdövägen 23 in Stockholm, Sweden.

Right to participate
Right to participate at the general meeting belong to those shareholders who are registered in the share register held by Euroclear Sweden AB on Friday the 22nd of April 2016, and have given notice about attendance to the general meeting to the company no later than Friday the 22nd of April 2016 at 4.00 p.m. by regular mail to the address Scandinavian Biogas Fuels International AB (publ), Holländargatan 21A, SE-111 60 Stockholm or by e-mail to lotta.lindstam@scandinavianbiogas.com. When giving notice about attendance, shareholders should state their name, personal/corporate registration number as well as postal address, telephone number and shareholdings.

Shareholders represented by proxy shall issue a dated and signed power of attorney for the representative. If the power of attorney is issued on behalf of a legal person or entity, a certified copy of a certificate of registration or similar shall be enclosed. The original power of attorney document and, where applicable, the certificate should be submitted to the company by mail at the above mentioned address well in advance of the general meeting. The company provides a form of power of attorney at request and it is also available at the company’s website, www.scandinavianbiogas.com.

Shareholders whose shares are registered with a trustee must, in order to be entitled to attend the annual general meeting, temporarily register the shares in their own names. A shareholder who wishes to request such re-registration must notify its trustee well in advance of Friday the 22nd of April 2016, when such registration must be completed.

Skärmavbild 2016-03-30 kl. 18.58.01

Decision regarding appropriation of the company’s result (item 9 b)

The board of directors and the CEO propose that the results of the year shall be brought forward and that no dividend is made for the 2015 financial year.

Proposal for resolution regarding the number of board members, fees and election of board members, chairman of the board, deputy board members and auditor (items 10-13)

Item 10 – It is proposed that the board of directors shall consist of six ordinary board members (besides the employee representative) without any deputies.

Item 11 – Remuneration to the chairman of the board is proposed to be paid in an amount of SEK 350,000 and remuneration to the other ordinary board members is proposed to be paid in an amount of SEK 50,000 each. Remuneration to the auditors for performed audit work is proposed to be paid with a fixed price after procurement of auditors.

Further, it is proposed that remuneration to members of the audit committee is to be paid with an amount of SEK 25,000 to the committee’s chairman and SEK 15,000 to the other members of the committee.

Item 12 – It is proposed that the present ordinary board members Göran Persson, Anders Bengtsson, Andreas Ahlström, Hans Hansson and Sara Anderson are re-elected as ordinary board members and that Raif Nisametdin is elected as ordinary board member. It is further proposed that Göran Persson is re-elected as chairman of the board.

Item 13 – It is proposed that, until the next annual general meeting, elect Öhrlings PricewaterhouseCoopers AB to the company’s auditor, which intends to appoint Leonard Daun as the chief auditor. 

The board of director’s proposed resolution to authorize the board of directors to resolve on issues of shares (item 14)

The board of directors proposes that the annual general meeting authorize the board of directors to, within the scope of the articles of association, with or without deviation from the shareholders’ preferential right, on one or several occasions during the period until the next annual general meeting, resolve to increase the company’s share capital by issuing new shares in the company. The total number of shares issued in accordance with this authorization may be equivalent to a maximum of 36,000,000 shares, corresponding to approximately 40 per cent of the number of shares in the company, based on the total number of shares in the company at the time of the 2016 annual general meeting. The issues shall be made with issue rates at market rate, and where applicable be subject to issue discount at market rate, and payment shall, apart from payment in cash, be made in kind or by set-off or otherwise with conditions. The purpose of the authorization and the reasons for any deviation from the shareholders’ preferential right is that the company shall be able to increase the company’s financial flexibility and/or the board of directors discretion, for example in connection with strategic acquisitions of companies and businesses that the company may carry out.

The Board of Directors, the CEO or the person that the board of director appoints shall be authorized to make such minor amendments and clarifications of the resolution by the general meeting that is required when registering with the Swedish Companies Registration Office.

A resolution in accordance with the board of directors proposal according to above requires the approval of shareholders representing at least two thirds of the votes cast and the shares represented at the meeting.

Information at the annual general meeting

The board of directors and the CEO shall, upon request by any shareholder and where the board of directors determines that it can be done without material harm to the company, provide information of circumstances which may affect the assessment of a matter on the agenda, and circumstances which may affect the assessment of the company’s or a subsidiary’s financial position and the company’s relationship to other group companies.

Documentation for the annual general meeting
Accounting documents and auditor report as well as proxy for the meeting will be available on Monday the 4th of April 2016 at the offices of the Company on Holländargatan 21A in Stockholm and at the company’s website www.scandinavianbiogas.com. All documents will be sent free of charge to any share­holder who so requests and states their email- or postal address.

___________________________

Stockholm in March 2016

Scandinavian Biogas Fuels International AB (publ)

The board of directors

 

 

2019-08-15 14:00

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2019

Long-term liquid biogas (LBG) supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.

Second quarter in brief

  • A 7.5-year LBG supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.
  • The LBG plant at Skogn, Norway, delivered 2.4 million Nm3of LBG during the second quarter.
  • Net sales totalled SEK 89.6 million (65.9), a year-on-increase increase of 36.0%.
  • EBITDA was SEK 17.7 million (-2.0), a year-on-year improvement attributable primarily to the plant at Skogn. The plant was in operation during the January–June 2019 period, but not during the comparative period.      
  • The Group posted an operating loss of SEK -4.4 million (-15.6).
  • The Group posted a loss after tax of SEK -23.3 million (-21.3).
  • The directed share issue yielded SEK 39.6 million before transaction costs.
  • Subordinated shareholder loans totalling SEK 34 million along with interest of SEK 2.5 million were converted to shares in a set-off issue.

First half-year in brief

  • A 7.5-year LBG supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.
  • Net sales totalled SEK 176.5 million (129.5), an increase of 36.3% attributable primarily to the plant at Skogn, which was in operation during the January–June 2019 period. The plant was not in operation during the corresponding period in 2018.
  • EBITDA was SEK 36.3 million (-0.6), with the year-on-year improvement due mainly to commissioning of the plant at Skogn, Norway.
  • The Group posted an operating loss of SEK -7.6 million (-28.1).
  • The Group posted a loss after tax of SEK -35.6 million (-43.8).
  • The directed share issue yielded SEK 39.6 million before transaction costs.
  • Subordinated shareholder loans totalling SEK 34 million along with interest of SEK 2.5 million were converted to shares in a set-off issue.


Significant events after the end of the period

  • It was reported in July that the rights issue was oversubscribed by 184% and yielded a total of SEK 10.2 million before issue expenses. The directed share issue was decided and amounts to SEK 60.4 million before issue expenses, and pertains entirely to Apriori AB.
  • No other significant events occurred after the end of the interim period.

The interim report for the second quarter 2019 for Scandinavian Biogas Fuels International AB (publ) is now available on www.scandinavianbiogas.com

For further information, contact Matti Vikkula, CEO and president,
+46 70 597 99 38,
matti.vikkula@scandinavianbiogas.com 

The information in this press release is such that Scandinavian Biogas Fuels International AB (publ) must disclose in accordance with the EU Market Abuse Regulation (EU MAR) No. 596/2014. The information was submitted for publication on August 15, 2019, at 15:00 CET.

2019-08-15

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2019

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2019-08-09

Interim report will be published on August 15, 2019

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2019-07-19

Scandinavian Biogas publishes outcome of oversubscribed rights issue and carries out a secured directed share issue of SEK 60 million

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2019-06-27

Report from the Annual General Meeting of Scandinavian Biogas Fuels International AB (publ)

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2019-06-14

Subscription period for rights issue of 10 MSEK is 17th of June to 5th of July

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2019-06-05

Scandinavian Biogas carries out directed issue and rights issue in a total of SEK 86 million and intends to carry out a secured directed issue of SEK 60 million. Total issue volume SEK 146 million

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2019-06-05

Scandinavian Biogas announces fully secured share issues with a value of 136 MSEK; intends to carry out a rights issue of 10 MSEK

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2019-05-28

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2019-05-23

Scandinavian Biogas subsidiary to deliver liquid biogas to Hurtigruten

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2019-04-26

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2019

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2019-04-25

Scandinavian Biogas Annual Group Report 2018

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2019-04-18

Results from Scandinavian Biogas written procedure

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2019-03-28

Scandinavian Biogas initiates a written procedure

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2019-02-28

Scandinavian Biogas Interim report for the period 1 January – 31 December 2018

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2019-01-25

Scandinavian Biogas Intends to Conduct a Directed Share Issue

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2018-11-28

Result from Scandinavian Biogas Fuels International AB (publ)s written procedure

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2018-11-09

Scandinavian Biogas Interim Report for the period 1 July – 30 September 2018

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2018-11-09

Scandinavian Biogas initiates a written procedure

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2018-11-08

Scandinavian Biogas to launch written procedure following constructive discussion with certain bondholders

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2018-10-23

Release of Q3 2018 interim report postponed as court ruling for dispute related to Södertörn facility received

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2018-09-03

Worlds largest LBG factory in operation

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2018-08-23

Scandinavian Biogas Interim report for the period 1 January – 30 June 2018

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2018-08-23

Court ruling in the penalty fee dispute in Ulsan, South Korea

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2018-07-03

Profitability 2018 is estimated to be lower than previously communicated

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2018-06-29

Safer management of your personal information

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2018-06-20

The nomination committee’s proposal regarding board of directors and remuneration for the annual general meeting 2018

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2018-05-25

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2018-05-22

Results from Scandinavian Biogas written procedure

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2018-05-02

Results from Scandinavian Biogas Fuels International AB’s written procedure and renewed written procedure

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2018-04-26

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2018

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2018-04-11

Scandinavian Biogas initiates a written procedure

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2018-03-20

Scandinavian Biogas Annual Group Report 2017

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2018-03-12

The first shipload of feed stock has been received at Biokraft's biogas plant at Skogn

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2018-02-15

Scandinavian Biogas Year-end report for the period 1 January – 31 December 2017

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2018-01-10

Scandinavian Biogas is including one-off costs in annual Group accounts 2017 and updating Outlook 2017

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2017-11-21

Scandinavian Biogas’ Board will evaluate various strategic and capital structure alternatives

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2017-10-26

Scandinavian Biogas Interim Report for the period 1 January – 30 September 2017

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2017-08-24

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2017

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2017-08-16

Scandinavian Biogas publishes bond prospectus and applies for listing of the additional bonds on Nasdaq Stockholm

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2017-06-30

Scandinavian Biogas press release amendment of terms and conditions

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2017-06-15

Scandinavian Biogas issues subsequent SEK 30 million senior secured bonds

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2017-05-17

Scandinavian Biogas rights issue over-subscribed

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2017-04-28

Scandinavian Biogas Interim report for the period 1 January – 31 March 2017

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2017-04-13

Scandinavian Biogas has decided on a directed share issue of approximately SEK 43 million and a rights issue of approximately SEK 23 million

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2017-04-10

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2017-02-28

Scandinavian Biogas Year-end report for the period 1 January – 31 December 2016

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2017-02-08

Scandinavian Biogas is preparing the group for a public listing of its share – signing loan agreements for 16 MSEK for the forthcoming share issue

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2016-10-28

Scandinavian Biogas Interim report for 1 January – 30 September 2016

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2016-09-07

Press Release

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2016-09-01

International scientific biogas conference

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2016-08-19

Press Release

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2016-08-18

Interim Report - Q2 2016

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2016-07-14

New European grant to

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2016-04-29

Press release

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2016-04-29

Interim Report - Q1 2016

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2016-03-30

Summons to the Annual General Meeting

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2016-02-18

Unutilized residues

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2016-02-08

Issues 4-year senior secured bond

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2016-02-08

Invests in a new Liquid Biogas Plant

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2015-04-29

Summons to the annual general meeting of shareholders

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2014-08-14

Macroalgae may be a new substrate in biogas production

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2014-04-22

Board of directors

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2014-04-22

Business objectives

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