NOTICE LFC ANNUAL GENERAL MEETING 2023 - MAY 30, 2023
NOTICE OF ANNUAL GENERAL MEETING OF LATVIAN FOREST COMPANY AB (PUBL)
The shareholders of Latvian Forest Company AB (publ), org.nr. 556789-0495, (the "Company"), are hereby summoned to the Annual General Meeting on Monday, June 26, 2023 at 10:00 a.m. in Galjaden Fastigheter's premises at Linnegatan 18 in Stockholm.
RIGHT TO PARTICIPATE
Shareholders who wish to participate in the Annual General Meeting must be entered in the share register maintained by Euroclear Sweden AB as of Thursday, June 15, 2023, and notify the Company of their participation no later than Monday, June 19, 2023. Notification can be made in writing to the Company at the address: Latvian Forest Company AB, Ringvägen 22, 182 46 Enebyberg, Sweden, by phone +371 29203972 or by e-mail: info@latvianforest.se. The notification must contain name and personal or corporate identity number, address and telephone number, as well as information about shareholding.
Proxy forms for shareholders who wish to attend the Annual General Meeting by proxy will be available on the Company's website www.latvianforest.se and will be sent by post to shareholders who contact the Company and provide their address. If shareholders intend to be represented by a proxy, a power of attorney and other authorization documents should be attached to the notification. If the power of attorney is issued by a legal entity, a certified copy of the registration certificate or equivalent authorization document for the legal entity must be attached. Power of attorney must not be older than five years.
For shareholders whose shares are registered in the name of a nominee, the following applies to be entitled to participate in the meeting. In addition to giving notice, such shareholders 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 Thursday, June 15, 2023. Voting rights registration that has been requested by shareholders in such time that the registration has been made by the nominee no later than Monday, June 19, 2023 will be taken into account in the preparation of the share register.
DRAFT AGENDA
- Opening of the meeting and election of chairman of the meeting.
- Preparation and approval of the voting list.
- Approval of the agenda.
- Election of one or two persons to verify the minutes.
- Determination of whether the meeting has been duly convened.
- Presentation of the Annual Report and the Auditor's Report as well as the consolidated financial statements and the Auditor's Report on the consolidated accounts.
- Statement by the CEO.
- Decision:
- adopting the income statement, balance sheet, the consolidated income statement and consolidated balance sheet.
- appropriation of the Company's result in accordance with the adopted balance sheet.
- discharge from liability for the members of the Board of Directors and the CEO.
- Determination of fees for the Board of Directors and the auditor.
- Election of the Board of Directors and auditor.
- Proposal regarding issue authorization for the Board of Directors.
- Closing of the meeting.
Proposals for resolutions:
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 2023, or – in his absence, the person instead appointed by the Board of Directors.
Resolution on appropriation of the Company's result in accordance with the adopted balance sheet (item 8 b)
The Board of Directors proposes that no dividend be paid for the financial year 2022.
Proposals regarding the Board of Directors, auditor and fees (items 9 and 10)
The Company's major shareholders have proposed the following.
- The number of Board members shall remain unchanged at four with no deputies.
- Fees to the Board of Directors shall remain unchanged at a total of SEK 200,000 to be distributed between the Board members as follows: SEK 80,000 to the Chairman of the Board and SEK 60,000 to each of the other Board members elected by the Annual General Meeting, who are not employees of the Company. Fees to the auditor shall be paid in accordance with approved invoices.
- Election of Martin Hansson, Anders Nilsson, Andreas Norman and Aleksandrs Tralmaks as ordinary members of the Board of Directors.
- Election of Martin Hansson as Chairman of the Board.
- The election of the auditing firm Baker Tilly Stint AB as auditor for a period of one year, thus until the end of the Annual General Meeting 2024, whereby the auditing firm has informed that the authorized public accountant Mikael Nilsson intends to continue as auditor in charge.
Proposal for 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, contribution of property in kind, or otherwise on terms in accordance with the Swedish Companies Act. The total number of newly issued shares and the number of shares that may be issued through an exchange of convertibles or subscription of new shares by exercise of warrants may not exceed 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 be able to strengthen the Company's capital base and equity ratio or to provide resources for a continued expansion of the business through further acquisitions.
Furthermore, the Board of Directors proposes that the CEO, or the CEO appointed, shall have the right to make any adjustments to the resolution that are required for registration with the Swedish Companies Registration Office.
In order for the resolution to be valid, it must be supported by shareholders representing at least two-thirds of both the votes cast and the shares represented at the Annual General Meeting.
Information and provision of documents
The Board of Directors and the CEO shall, if any shareholder so requests and the Board of Directors believes that it can be done without material damage to the Company, provide information at the Annual General Meeting regarding circumstances that may affect the assessment of an item on the agenda or the Company's or its subsidiaries' financial situation or that relate to the Company's relation to other Group companies. Requests for such information may be made in advance to the Company at the address:
Latvian Forest Company AB, Ringvägen 22, SE-182 46 Enebyberg, Sweden, or by e-mail to info@latvianforest.se.
The financial statements and the auditor's report will be available at the Company and on the Company's website no later than Monday, June 5, 2023, as well as the Board of Directors' complete proposal for resolution on issue authorization from Monday, June 12, 2023. Copies of the documents will also be sent to shareholders who so request and provide their postal address and will be available at the meeting.
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
_______________
Stockholm, May 2023
Latvian Forest Company AB (publ)
Latvian Forest Company offentliggör emissionsmemorandum
10.04.2024
Read more
Latvian Forest Company genomför företrädesemission om 27,3 Mkr för fortsatt expansion
02.04.2024
Read more
Ändrat datum för offentliggörande av bokslutskommuniké 2023
19.02.2024
Read more
Interim report Jan-Sept. 2023
22.11.2023
Read more
FLAGGING MESSAGE Galjaden Invest AB has reduced its holding in Latvian Forest Company AB
20.09.2023
Read more
Interim report Jan-June 2023
25.08.2023
Read more
COMMUNIQUÉ FROM THE ANNUAL GENERAL MEETING
26.06.2023
Read more
Interim report January-March 2023
24.05.2023
Read more
THE BUYER WITH WHOM LATVIAN FOREST COMPANY AB HAS NEGOTIATED THE SALE OF ITS TWO LATVIAN SUBSIDIARIES HAS ANNOUNCED THAT IT DOES NOT INTEND TO COMPLETE THE CONTEMPLATED TRANSACTION.
29.04.2023
Read more
LATVIAN FOREST COMPANY CONTINUES WORK TO COMPLETE THE SALE OF ITS SUBSIDIARIES IN LATVIA TO SWEDEN BASED, WELL ESTABLISHED COMPANY.
17.04.2023
Read more
Changed date for Year-end report 2022
20.02.2023
Read more
LATVIAN FOREST COMPANY ENTERS INTO LETTER OF INTENT WITH SWEDEN BASED, WELL ESTABLISHED COMPANY REGARDING THE SALE OF ITS SUBSIDIARIES IN LATVIA
15.02.2023
Read more
Interim report Jan-Sept. 2022
23.11.2022
Read more
New date for Interim Report January-September 2022
14.11.2022
Read more
Interim report Jan-June 2022
22.08.2022
Read more
COMMUNICATION FROM ANNUAL GENERAL MEETING
30.06.2022
Read more
Interim Report January - March 2022
27.05.2022
Read more
Last day for trading in BTA B is 2022-03-11
09.03.2022
Read more
CHANGED DATE FOR YEAR-END REPORT 2021
18.02.2022
Read more
LATVIAN FOREST COMPANY'S PREMIUM ISSUE SUBSCRIBED
01.02.2022
Read more
Correction: Carry out a rights issue of SEK 25 million for continued expansion
07.01.2022
Read more
LATVIAN FOREST COMPANY AB (PUBL.) COMPLETES PREPARATION ISSUE OF SEK 25 MILLION FOR CONTINUED EXPANSION
07.01.2022
Read more
LATVIAN FOREST COMPANY AB (PUBL.) HAS FINISHED THE BUSINESS REGARDING THE PURCHASE OF ALL SHARES OF UAB SILUONA.
02.12.2021
Read more
CHANGED DATE FOR INTERIM REPORT JAN-SEPT 2021
12.11.2021
Read more
LATVIAN FOREST COMPANY AB (PUBL.) HAS SIGNED AN AGREEMENT REGARDING THE PURCHASE OF ALL SHARES OF A LITHUANIAN COMPANY OWNING 1,338 HECTARES OF LAND WITH 301,000 m³ OF LUMBER.
01.11.2021
Read more
Interim report Jan-June 2021
30.08.2021
Read more
CORRECTION: UPDATE IN PREVIOUS PRESS RELEASE "CHANGED DATE FOR INTERIM REPORT JANUARY-JUNE 2021" REGARDING MAR CLASSIFICATION.
23.08.2021
Read more
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR LATVIAN FOREST COMPANY AKTIEBOLAG 2020
03.08.2021
Read more
COMMUNICATION FROM ANNUAL GENERAL MEETING
30.06.2021
Read more
Interim report January-March 2021
06.06.2021
Read more
NOTICE TO ATTEND THE ANNUAL GENERAL MEETING OF LATVIAN FOREST COMPANY AB (PUBL)
31.05.2021
Read more
Latvian Forest Companys företrädesemission registrerad
27.05.2021
Read more
Latvian Forest Company's rights issue oversubscribed
07.05.2021
Read more
LATVIAN FOREST COMPANY PUBLISHES PROSPECTUS
22.04.2021
Read more
Latvian Forest Company provide a rights issue of approximately 78.2 MSEK for continued expansion
12.04.2021
Read more
Changed release date for Interim Report Jan-Mar 2021
12.04.2021
Read more
Interim report Jan-Sept. 2020
30.11.2020
Read more
AMENDED DATE OF INTERIM REPORT JAN-SEPT. 2020
19.11.2020
Read more
LATVIAN FOREST COMPANY AB (PUBL.) HAS COMPLETED THE TRANSACTION REGARDING THE PURCHASE OF ALL SHARES IN LATFOLDE AB
30.10.2020
Read more
LATVIAN FOREST COMPANY AB BORROWS 1.1 MEUR FROM SWEDBANK
23.10.2020
Read more
SUPPLEMENT - LATVIAN FOREST COMPANY AB (PUBL.) SIGNS CONDITIONAL PURCHASE AGREEMENT REGARDING THE PURCHASE OF ALL SHARES OF LATFOLDE AB
18.09.2020
Read more
LATVIAN FOREST COMPANY AB (PUBL.) SIGNS CONDITIONAL PURCHASE AGREEMENT REGARDING THE PURCHASE OF ALL SHARES OF LATFOLDE AB
18.09.2020
Read more
Interim report Jan-June 2020
26.08.2020
Interim report Jan-June 2020
- Book value of fixed assets 12,264.8 (0) TEUR
- Equity amounts to 0.669 (1.154) EUR per share
- Earnings per share 0.024 (0.474) EUR
- Property holdings amount to 4,324* (0) hectares
- Timber volume estimated at 500,000* (0) cubic meters
- Net sales 103.7 (15.6) TEUR
- Operating profit -498.6 (0) TEUR
- Change in value, forest 1,080.7(0) TEUR
- Net profit 498.3 (9,726.4) (0) TEUR
Read more
LATVIAN FOREST COMPANY AB HAS SOLD 195.7 HECTARES OF FARMLAND AND A 2.3 HECTARE FARM.
20.07.2020
Read more
COMMUNIQUÉ FROM THE ANNUAL GENERAL MEETING
29.06.2020
Read more
NOTICE OF ANNUAL GENERAL MEETING OF LATVIAN FOREST COMPANY AB (PUBL)
29.06.2020
Read more
Interim report Jan-Mar 2020
25.05.2020
Read more
Arbitration Institute has adjudicated on claims from former CEO Fredrik Zetterström
20.05.2020
Read more
Regarding the company's former CEO Fredrik Zetterström, the Arbitration is expected to be on May 20, 2020.
28.04.2020
Read more
Year- end report 2019
20.02.2020
Period January-December 2019
- Book value of fixed assets 8,660 (24,574) TEUR
- Equity amounts to 0,665 (1,145) EUR per share)
- Property holdings amount to 3,816 (10,452) hectares
Read more
MINUTES HELD AT THE ANNUAL GENERAL MEETING OF LATVIAN FOREST COMPANY AB (PUBL)
20.12.2019
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 more
INTERIM REPORT JAN-SEP 2019
22.11.2019
- Equity amounts to EUR 0.604 (1,125) per share
- Profit after financial items 9,523.4 (2,020.5) TEUR
- Earnings per share EUR 0.464 (0.099)
Read more
LATVIAN FOREST COMPANY AB HAS SIGNED A PURCHASE AGREEMENT FOR THE ACQUISITION OF 3,460 HECTARES OF FOREST AND AGRICULTURAL LAND IN LATVIA.
12.11.2019
Parts of the acquisition have already been taken up and the remaining shall be taken later.
Read more
NOTICE OF EXTRAORDINARY GENERAL MEETING LATVIAN FOREST COMPANY AB (PUBL)
12.11.2019
Shareholders 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 more
Former CEO and Board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB.
08.10.2019
LFC 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 more
INTERIM REPORT JAN-JUN 2019
23.08.2019
All shares in the subsidiaries have been sold, leading to a surplus of 10,803 TEUR
- Equity amounts to EUR 1,154 (0.676) per share
- Profit after financial items 9,726.4 (18.3) TEUR
- Earnings per share EUR 0.474 (0.001)
Read more
Record day to receive dividends
01.07.2019
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 more
Annual Report and Consolidated Financial Statements for Latvian Forest Company Aktiebolag (publ)
03.06.2019
Read more
INTERIM REPORT JAN-MAR 2019
24.05.2019
Book value of fixed assets amounts to 24,733.2 (21,924.3) TEUR
- Equity amounts to 1,117 EUR (1,034) per share
- Earnings per share -0.028 (0.008) EUR
- Property holdings amount to 10,614 (9,665) hectares
Read more
NOTICE OF THE ANNUAL GENERAL MEETING OF LATVIAN FOREST COMPANY AB (PUBL)
23.05.2019
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 more
Chairman of the Board Ted Alvenius leaves his post as board member and chairman of Latvian Forest Company AB with immediate effect.
20.05.2019
LFC 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 more
Disclosure Notice
16.04.2019
Galjaden Invest AB has increased its holding in Latvian Forest Company AB to 20.03%.
Read more
Press Release - sale of all shares in SIA Latvijas mezu kompanija and Baltic Forest IV SIA.
08.04.2019
Latvian 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 more
Disclosure Notice
29.03.2019
Nils Robert Persson has increased his holding in Latvian Forest Company AB.
Read more
NOTICE FROM EXTRAORDINARY ANNUAL GENERAL MEETING
27.03.2019
Latvian 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 more
Summons to Extraordinary General Meeting of shareholders in Latvian Forest Company AB (publ)
13.03.2019
The 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 more
Latvian Forest Company undertecknar aktieöverlåtelseavtal med SCA Mezs Latvija
08.03.2019
LATVIAN FOREST COMPANY SIGNS SHARE TRANSFER AGREEMENT WITH SCA MEZS LATVIA
Read more
Bokslutskommuniké 2018
22.02.2019
- Bokfört värde på mark- och skogstillgångar uppgår till 24.574 (21.323)TEUR
- Eget kapital uppgår till 1,145 (1,027) EUR per aktie
- Fastighetsinnehaven uppgår till 10.452 (9.599) hektar
- Virkesvolymen uppskattas till ca 1.015.000 (995.160) kubikmeter
Read more
Latvian Forest Company signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the entire share capital of all its operating subsidiaries
04.02.2019
Latvian 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 more
Interim Report January - September 2018
23.11.2018
- Book value on land and forest assets of 23.840 (21.062) TEUR
- Owners’ Equity per share was 1,125 (0,979) EUR
- Property holdings of 10.357 (9.416) hectares
- Timber volume was 1.016.600 (960.000) cubic meter
Read more
Interim Report January - June 2018
23.08.2018
- Book value on land and forest assets of 22.137 (20.850) TEUR
- Owners’ Equity per share was 1,047 (1,068) EUR
- Property holdings of 9.877 (9.368) hectare
- Timber volume was 1.034.000 (940.000) cubic meter
Read more
Come follow us on Instagram!
17.08.2018
Come follow us on Instagram
Read more
European Foresters' Orienteering Championships 2018
01.08.2018
We at Latvian Forest Company are proud supporters of orienteering in Latvia.
Read more
Interim Report January - March 2018
24.05.2018
- Book value on land and forest assets of 21.924,3 (20.829,8) TEUR
- Owners’ Equity per share was 1,034 (1,06) EUR
- Earnings per share 0,008 (0,0039) EUR
- Property holdings of 9.665 (9.368) hectare
Read more
Interim Report January - March 2017
22.05.2017
- Book value on land and forest assets of 20.829,8 (19.228) TEUR
- Owners’ Equity per share was 1,06 (1,03) EUR
- Earnings per share was 0,0039 EUR
- Property holdings of 9.368 (8.590) hectare
Read more
Bronsstädet AB largest shareholder
23.09.2014
Bronsstädet 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 more
Acquisitions will be completed
04.03.2014
Following the completion of its due diligence analyses, the Latvian Forest Company AB has decided to complete the previously announced acquisitions.
Read more
