The decision-making rights of shareholders in Troax are exercised at general meetings of shareholders.
Participation in decision-making requires the shareholder´s presence at the meeting, either in person or through a proxy. In addition, the shareholder must be included in a printout or other presentation of the entire share register regarding the conditions on the day specified in the Swedish Companies Act, and make a notification to the company no later than the date specified in the notice of the meeting.
Decisions at the meeting are normally made by simple majority. However, for some issues the Swedish Companies Act stipulates that a proposal must be approved by a higher proportion of the shares and votes represented at the meeting. Shareholders who wish to add an item to the agenda of a shareholders´ meeting may send a request to the Board. Such a request should normally has reached the Board seven weeks prior to the general meeting.
The Annual General meeting (“AGM”), must be held within six months after the end of the accounting year. The AGM decides on such issues as adoption of the annual accounts, dividends, election of Directors of the Board and of auditors when required, fees to the Directors of the Boards and auditors, principles for remuneration to management, and other important matters.
An Extraordinary General Meeting may be convened at the discretion of the Board of Directors or if requested by the auditors or by shareholders owning at least 10% of the shares.
Shareholders´ meetings are convened by publication of the convening notice in the Swedish National Gazette (Sw. Post- och Inrikes Tidningar) and on the Company´s website. At the time of the notice convening the meeting, information regarding the notice shall be published in Svenska Dagbladet.