Latvian Forest Company AB is a publicly traded, Swedish limited liability
company that offers private individuals and legal entities the opportunity
to invest in favorably valued forest property in Latvia.
Interim report Jan-June 2020
Period January-December 2019
Minutes kept at the Annual General Meeting of Latvian Forest Company AB (publ), org. 556789-0495, at 10.00, Monday, December 16, 2019 in Stockholm.
Read moreParts of the acquisition have already been taken up and the remaining shall be taken later.
Read moreShareholders wishing to participate in the Meeting shall be included in the share register kept by Euroclear Sweden AB ("VPC) and report their participation no later than Wednesday December 11, 2019.
Read moreLFC informs that its past CEO and board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB regarding profit sharing corresponding to EUR 378,500.
Read moreAll shares in the subsidiaries have been sold, leading to a surplus of 10,803 TEUR
Today, Monday, July 1, 2019, is the record day to receive a dividend. According to a resolution of the Annual General Meeting dividend to the shareholders shall be paid EUR 0.54 per share or a total of EUR 11 075 973.
Read moreBook value of fixed assets amounts to 24,733.2 (21,924.3) TEUR
Notice of the Annual General Meeting of Latvian Forest Company AB (publ).
Shareholders of Latvian Forest Company AB (publ), org. No. 556789-0495, (the "Company") is hereby invited to the Annual General Meeting on Thursday, June 27, 2019, at 10:00 a.m. in Galjaden Fastigheter's premises on Linnégatan 18 in Stockholm.
Read moreLFC informs that Chairman of the Board, Ted Alvenius, is of a different opinion than the remaining Board of Directors regarding a transaction involving compensation for value increase in connection with the sale of all shares in the operating subsidiaries.
Read moreGaljaden Invest AB has increased its holding in Latvian Forest Company AB to 20.03%.
Read moreLatvian Forest Company has, in accordance with a resolution at the Extraordinary General Meeting on March 27, 2019, completed the sale of all shares in SIA Latvijas mezu kompanija and Baltic Forest IV SIA.
Read moreNils Robert Persson has increased his holding in Latvian Forest Company AB.
Read moreLatvian Forest Company AB (publ) held the Extraordinary Annual General Meeting on March 27, 2019. The meeting resolved on the sale of all shares in the operating subsidiaries SIA Latvijas Mezu Kompaniju and Baltic Forest IV SIA to SCA Mezs Latvija, SIA
Read moreThe shareholders of Latvian Forest Company AB (publ), Reg. No. 556789-0495 ("The Company") are hereby summoned to the Extraordinary General Meeting of shareholders to be held on Wednesday, March 27, 2019 at 10.00 in Galjaden Fastigheter premises on Linnégatan 18, Stockholm.
Read moreLATVIAN FOREST COMPANY SIGNS SHARE TRANSFER AGREEMENT WITH SCA MEZS LATVIA
Read moreLatvian Forest Company AB signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the company’s operations by way of sale of all shares in the operating subsidiaries SIA Latvijas mezu kompanija and Baltic Forest IV, SIA. The total sale price is estimated to 26 000 000 Euro.
Read moreWe at Latvian Forest Company are proud supporters of orienteering in Latvia.
Read moreBronsstädet AB (556612-1124) has purchased 1.878.616 B-shares in Latvian Forest Company AB (publ). The ownership, after purchases, corresponds to 14.81 percent of capital and 14.01 percent of votes which makes Bronsstädet AB the largest shareholder in Latvian Forest Co.
Read moreFollowing the completion of its due diligence analyses, the Latvian Forest Company AB has decided to complete the previously announced acquisitions.
Read moreThe shareholders of Latvian Forest Company AB (publ), org.nr. 556789-0495, (the "Company"), is hereby summoned to the Annual General Meeting on June 30, 2021. Considering COVID-19, the meeting is conducted only by advance voting based on temporary legal rules. Any meeting with the possibility to attend in person or through a representative will not take place. Information about the resolutions adopted by the General Meeting will be published on June 30, 2021, as soon as the outcome of the postal vote is finally compiled.
A speech by CEO Aleksandrs Tralmaks commenting on the Company's operations will be available on the Company's website www.latvianforest.se as of June 30, 2021.
RIGHT TO PARTICIPATE
Shareholders who wish to participate in the Annual General Meeting by postal vote shall be entered in the share register maintained by Euroclear Sweden AB as of Monday, June 21, 2021, and no later than Tuesday, June 29, 2021, register by casting their postal vote in accordance with instructions under the heading "Postal voting" below, so that the postal vote is delivered to the Company no later than that date. Please note that registration to the Annual General Meeting can only be made by postal vote.
For shareholders whose shares are registered in the nominee, the following applies in order to be entitled to participate in the meeting. In addition to registering by casting their postal vote, such shareholder must contact their bank or nominee to temporarily register the shares in their own name so that the shareholder is registered in the share register maintained by Euroclear Sweden AB as of the record date Monday, June 21, 2021. Voting rights registration requested by shareholders in such a time that the registration has been made by the nominee no later than Wednesday June 23, 2021, will be considered in the production of the share register.
Postal voting
The Board of Directors has decided that shareholders shall be able to exercise their voting rights only by postal voting pursuant to Sections 20 and 22 of the Act (2020:198) on temporary exemptions to facilitate the conduct of general meetings. A special form shall be used for postal voting. The postal voting form is available on the Company's website www.latvianforest.se. Completed and signed postal voting forms can be sent by mail to Latvian Forest Company AB, Ringvägen 22, 182 46 Enebyberg or by e-mail to info@latvianforest.se. Completed form must be submitted to the Company no later than June 29, 2021. The shareholder may not provide the postal vote with special instructions or conditions. If this happens, the entire postal vote is invalid.
Power of attorney
If shareholders vote by proxy, a written and dated power of attorney signed by the shareholder shall be attached to the postal voting form. A proxy form is available on the Company's website www. latvianforest.se and sent on request to shareholders who state their postal address. If the shareholder is a legal entity, the registration certificate or other authorization document must be attached to the form.
FÖRSLAG TILL DAGORDNING
DRAFT AGENDA
1. Opening of the meeting and election of chairman of the meeting.
2. Establishment and approval of the electoral roll.
3. Approval of the agenda.
4. Election of one or two adjusters.
5. Examination of whether the meeting has been duly convened.
6. Presentation of the annual report and the auditor's report, as well as the consolidated financial statements and the consolidated audit report.
7. Decision
a) determining the income statement, balance sheet, the consolidated income statement and consolidated balance sheet.
b) appropriation of the Company's profit or loss in accordance with the adopted balance sheet.
c) discharge from liability for the members of the Board of Directors and the CEO.
8. Determination of fees to the Board of Directors and the auditor.
9. Election of the Board of Directors and auditor.
10. Proposal for a resolution amending the Articles of Association.
11. Proposal for resolution on issue authorization for the Board of Directors.
12. Closing of the meeting.
Draft decision:
Election of chairman of the meeting (item 1)
The company's major shareholders have proposed that the Chairman of the Board, Martin Hansson, be elected Chairman of the Annual General Meeting 2021, or – in the event of his impediment – the one that the Board of Directors instead designates.
Establishment and approval of electoral roll (item 2)
The voting list proposed to be approved is the electoral roll prepared by the Company, based on the shareholders' register of general meetings and advance votes received, and verified by the adjusters.
Choice of adjusters (item 4)
To adjusters are proposed Anders Nilsson and Aleksandrs Tralmaks, or – in case of impediment to either of them or both – the one or those that the Board of Directors instead designates. The duties of the adjusters also include checking the electoral roll and that the votes received are correctly stated in the minutes of the meeting.
Resolution on appropriation of the Company's profit or loss in accordance with the adopted balance sheet (item
7 b)
The Board of Directors proposes that no dividend be paid for the financial year 2020.
Proposals regarding the Board of Directors, auditor, and fees (items 8 and 9)
The company's major shareholders have proposed the following.
Proposal for a resolution amending the Articles of Association (item 10)
To enable issues under the authorization proposed pursuant to item 11 below, the Board of Directors proposes that the Annual General Meeting resolves to change the limits of the share capital and the number of shares in the Articles of Association in accordance with the following.
Current wording |
Proposed wording |
§ 4. Share capital |
§ 4. Share capital |
The share capital shall be not less than EUR 1,260,033.75 and not more than EUR 5,040,135.00. |
The share capital shall be not less than EUR 1,680,045.00 and not more than EUR 6,720,180.00.
|
§ 6. Number of shares |
§ 6. Number of shares |
The number of shares shall be not less than 11,250,000 and not more than 45,000,000. |
The number of shares shall be not less than 15.000.000 and not more than 60,000,000. |
Furthermore, the Board of Directors proposes that the CEO, or the one that the CEO appoints, shall have the right to make any adjustments to the resolution required for registration with the Swedish Companies Registration Office.
For its validity, the resolution requires that it be supported by shareholders representing at least two-thirds of both the votes cast and the shares represented at the meeting.
Proposal for a resolution on issue authorization (item 11)
The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors, during the period until the next Annual General Meeting, on one or more occasions, with or without deviation from the shareholders' preferential rights, to resolve on the issue of shares, warrants and/or convertibles on market terms. Payment may be made in cash, by set-off, in kind or otherwise with conditions in accordance with the Swedish Companies Act. The total number of newly issued shares and the number of shares that may be added through the exchange of convertibles or subscription of shares with the support of warrants may in total amount to a maximum of the number that can be accommodated within the maximum number of shares according to the Articles of Association.
The purpose of the authorization is to strengthen the Company's own funds and solidity or provide resources for continued expansion of the business through further acquisitions. Furthermore, the Board of Directors proposes that the CEO, or the one that the CEO appoints, shall have the right to make any adjustments to the resolution required for registration with the Swedish Companies Registration Office.
For its validity, the resolution requires that it be supported by shareholders representing at least two-thirds of both the votes cast and the shares represented at the meeting.
Information and provision of documents
The Board of Directors and the CEO shall, if any shareholder so requests and the Board of Directors considers that it can be done without material harm to the Company, provide information about circumstances that may affect the assessment of an item on the agenda or the Company's or subsidiaries' financial situation or that relates to the Company's relationship with other group companies. Requests for such information must be submitted in writing to the Company no later than ten days before the Annual General Meeting, i.e., no later than June 20, 2021, to Latvian Forest Company AB, Ringvägen 22, SE-182 46 Enebyberg or by e-mail to info@latvianforest.se. The information will be available on the Company's website www. latvianforest.se and at the Company at Latvian Forest Company AB, Ringvägen 22, 182 46 Enebyberg no later than June 25, 2021. The information is also sent to the shareholder who requested it and provided his or her address.
Accounting documents and auditor's report will be available at the Company and on the Company's website no later than Wednesday, June 9, 2021, and so will the Board of Directors' complete proposal for resolution on issue authorization and amendment of the Articles of Association as of Wednesday, June 16, 2021. The documents are presented by making them available at the Company and on the Company's website. Copies of the documents will also be sent to shareholders who so request and state their postal address. The shareholders' register will be provided at the Company at the address Latvian Forest Company AB, Ringvägen 22, SE-182 46 Enebyberg.
Processing of personal data
For information on how your personal data is processed, see https://www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf
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Stockholm, Sweden, May 2021
Latvian Forest Company AB (publ)
Interim report Jan-June 2020
Period January-December 2019
Minutes kept at the Annual General Meeting of Latvian Forest Company AB (publ), org. 556789-0495, at 10.00, Monday, December 16, 2019 in Stockholm.
Read moreParts of the acquisition have already been taken up and the remaining shall be taken later.
Read moreShareholders wishing to participate in the Meeting shall be included in the share register kept by Euroclear Sweden AB ("VPC) and report their participation no later than Wednesday December 11, 2019.
Read moreLFC informs that its past CEO and board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB regarding profit sharing corresponding to EUR 378,500.
Read moreAll shares in the subsidiaries have been sold, leading to a surplus of 10,803 TEUR
Today, Monday, July 1, 2019, is the record day to receive a dividend. According to a resolution of the Annual General Meeting dividend to the shareholders shall be paid EUR 0.54 per share or a total of EUR 11 075 973.
Read moreBook value of fixed assets amounts to 24,733.2 (21,924.3) TEUR
Notice of the Annual General Meeting of Latvian Forest Company AB (publ).
Shareholders of Latvian Forest Company AB (publ), org. No. 556789-0495, (the "Company") is hereby invited to the Annual General Meeting on Thursday, June 27, 2019, at 10:00 a.m. in Galjaden Fastigheter's premises on Linnégatan 18 in Stockholm.
Read moreLFC informs that Chairman of the Board, Ted Alvenius, is of a different opinion than the remaining Board of Directors regarding a transaction involving compensation for value increase in connection with the sale of all shares in the operating subsidiaries.
Read moreGaljaden Invest AB has increased its holding in Latvian Forest Company AB to 20.03%.
Read moreLatvian Forest Company has, in accordance with a resolution at the Extraordinary General Meeting on March 27, 2019, completed the sale of all shares in SIA Latvijas mezu kompanija and Baltic Forest IV SIA.
Read moreNils Robert Persson has increased his holding in Latvian Forest Company AB.
Read moreLatvian Forest Company AB (publ) held the Extraordinary Annual General Meeting on March 27, 2019. The meeting resolved on the sale of all shares in the operating subsidiaries SIA Latvijas Mezu Kompaniju and Baltic Forest IV SIA to SCA Mezs Latvija, SIA
Read moreThe shareholders of Latvian Forest Company AB (publ), Reg. No. 556789-0495 ("The Company") are hereby summoned to the Extraordinary General Meeting of shareholders to be held on Wednesday, March 27, 2019 at 10.00 in Galjaden Fastigheter premises on Linnégatan 18, Stockholm.
Read moreLATVIAN FOREST COMPANY SIGNS SHARE TRANSFER AGREEMENT WITH SCA MEZS LATVIA
Read moreLatvian Forest Company AB signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the company’s operations by way of sale of all shares in the operating subsidiaries SIA Latvijas mezu kompanija and Baltic Forest IV, SIA. The total sale price is estimated to 26 000 000 Euro.
Read moreWe at Latvian Forest Company are proud supporters of orienteering in Latvia.
Read moreBronsstädet AB (556612-1124) has purchased 1.878.616 B-shares in Latvian Forest Company AB (publ). The ownership, after purchases, corresponds to 14.81 percent of capital and 14.01 percent of votes which makes Bronsstädet AB the largest shareholder in Latvian Forest Co.
Read moreFollowing the completion of its due diligence analyses, the Latvian Forest Company AB has decided to complete the previously announced acquisitions.
Read more