Notice to Annual General Meeting of shareholders in Zhoda Investments AB (publ)

The shareholders of Zhoda Investments AB (publ), corporate identity number 559030-3490 (hereinafter the "Company") are hereby given notice to attend the Annual General Meeting to be held at 16.00 CET on 18 June 2019, at Vinkällaren Grappe, Grevgatan 5, in Stockholm.

Notification and right to participate

The right to participate at the general meeting vests in a person who: is registered as a shareholder in the share register maintained by Euroclear Sweden AB regarding circumstances pertaining on
12 June 2019 and not later than 12 June 2019 notifies the Company of their intention to participate at the general meeting.

Notice of participation may be given by post to Zhoda Investments AB (publ), Bivägen 12C, 125 58 Älvsjö or by e-mail to robert.karlsson@zhodainvestments.com. The notification should state the name, personal ID or registration number, address, daytime telephone number and shareholding of the shareholder. Authorization documents such as power of attorney and registration certificates should, where appropriate, be submitted to the Company prior to the general meeting. Shareholders who wish to be accompanied by one or two assistants may give notice thereof within the time and in the manner applicable to shareholders. A power of attorney form will be made available on www.zhodainvestments.com.

Shareholders with nominee-registered shares must, in order to be entitled to participate at the general meeting, request that the nominee effects a temporary re-registration (voting right registration) of the shares in ample time prior to 12 June 2019.

Proposed agenda

  1. Opening of the meeting
  2. Election of chairman of the general meeting
  3. Preparation and approval of the voting register
  4. Election of one or two persons to attest the minutes
  5. Determination whether the general meeting has been duly convened
  6. Approval of the agenda
  7. Presentation of the annual report and auditor's report as well as consolidated financial statements and auditor's report for the group
  8. Resolutions regarding
    1. adoption of the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet
    2. allocation of the company's results in accordance with the adopted balance sheet
    3. discharge from liability of the directors and CEO
  9. Determination of the numbers of directors/alternate directors and auditors/alternate auditors
  10. Determination of fees for the board of directors and the auditors
  11. Information regarding appointments held in other companies by candidates for election to the Board of Directors, election of directors as well as auditor and alternate auditor
  12. Resolution on an amendment of the articles of association regarding share capital limits and the limits on the number of shares
  13. Resolution regarding authorization for the board of directors to resolve on issue of new shares with preferential rights for shareholders
  14. Closure of the general meeting

Proposed resolutions

Item 8 b - Resolution on allocation of results

The board proposes that no dividend is paid for the financial year. 

Item 9-11 - Election of members of the board of directors, chairman of the board and auditor as well as fees

Shareholders representing approximately 50 per cent of the capital propose that the board shall consist of four ordinary members. The shareholders also propose re-election of the board members Björn Bringes, Peter Geijerman, Zenon Potoczny och Katre Saard and that Björn Bringes is re-appointed as chairman of the board.

It is proposed that the company shall have one auditor and no alternate auditor and that the authorized auditing firm Ernst & Young AB shall be re-elected.

It is proposed that the general meeting resolves that board fees be paid to the chairman in the amount of SEK 100,000 (unchanged compared to previous year) and SEK 50,000 (unchanged compared to previous year) to each of the other directors with the exception of Zenon Potoczny who is employed in the group. Fees will thus total SEK 200 000. It is proposed that the auditors are paid in accordance with approved invoices.

Item 12 - Resolution on an amendment of the articles of association

It is proposed that the articles of association are amended so that the maximum and minimum capital and number of shares are amended in accordance with the table below, where the quota value is unaltered:

 

Current articles

Proposed articles

Minimum share capital

3 500 000

10 500 000

Maximum share capital

14 000 000

42 000 000

Minimum number of shares

130 628 729

391 886 187

Maximum number of shares

522 514 916

1 567 544 748

Item 13 - Resolution on authorization for the board of directors to resolve on issue of new shares with preferential rights for shareholders

The board of directors proposes that the annual general meeting authorizes the board, on one or more occasions during the period until next annual general meeting, to decide on issues, with preferential rights for the shareholders, of new shares, warrants and/or convertible debentures in exchange for cash payment and/or with provisions regarding payment in kind or by set-off or otherwise with conditions. The purpose of the authorization is to facilitate the raising of capital for expansion through corporate acquisitions or acquisitions of business assets and for the Company's business. The total number of shares that may be issued pursuant to the authorization shall be a maximum of 391,886,187 shares (15,999,900 A shares och 375,886,287 B shares), which corresponds to 100% of the total number of shares in the company at the time of the annual general meeting.

Majority requirements

Under the Swedish Companies Act, the change of the articles of association in item 12 requires approval by shareholders representing at least two thirds of both the votes cast as well as the shares represented at the general meeting.

Documents

The annual report and board's complete proposed resolutions and documents pursuant to the Swedish Companies Act, will be made available no later than three weeks before the annual general meeting at the Company's office (address above) and will be sent free-of-charge to shareholders who so request and provide their mailing address. The documents will also be made available on the Company's website www.zhodainvestments.com and be available at the general meeting.

Miscellaneous

The Company currently has 391,886,187 shares registered with the Swedish Companies Registration Office (Sw. Bolagsverket), of which 15,999,900 are shares of series A (10 votes/share) and 375,886,287 are shares of series B (1 vote/share). The number of voting rights amount to 535,885,287.

If requested by a shareholder and provided that the board deems that it can take place without causing material damage to the company, the board and the CEO shall provide information about circumstances that may affect the assessment of an item on the agenda, circumstances that may affect the assessment of the company's or its subsidiaries' financial situation, and the company's relationship with another company within the group.

Stockholm, May 2019

Zhoda Investments AB (publ)
The Board of Directors

For more information, please contact:
Robert Karlsson, CEO Zhoda Investments AB
+46 709 565 141, robert.karlsson@zhodainvestments.com
www.zhodainvestments.com 

About Zhoda Investments
Zhoda Investments invests in selected unlisted European ventures and drives growth and profitability through active ownership and an entrepreneurial approach. Zhoda owns an organic winery in Dalmatia with a 47-hectare state of the art vineyard mainly producing red wine from the local Babic grape. Zhoda is also the owner of a winery on the Dalmatian island of Korcula that produces white premium wines from the indigenous Posip grape. The group also holds a 45 per cent interest in the Lelyaki oil field in Ukraine with 2P proven and probable oil reserves of 8 million barrels net to the company. Zhoda Investments is actively pursuing new investments. For more information, visit www.zhodainvestments.com.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

Årsredovisning 2018: Zhoda Investments redovisar ett årsresultat på 13 miljoner kronor

Zhoda Investments ("Zhoda") publicerar idag årsredovisningen för 2018. Både vin- och oljeverksamheten har utvecklats väl under året. Årsresultatet uppgick till 13 miljoner kronor.


Annual report 2018: Zhoda Investments records a net profit of SEK 13 million

Zhoda Investments ("Zhoda") publishes its annual report for 2018. Both the oil and wine operations have had a strong development during the year. Net income after tax amounted to SEK 13 million.  


Kallelse till årsstämma i Zhoda Investments AB (publ)

Aktieägarna i Zhoda Investments AB (publ), organisationsnummer 559030-3490 (nedan "Bolaget") kallas till årsstämma den 18 juni 2019 kl. 16.00 på Vinkällaren Grappe, Grevgatan 5, i Stockholm.


Notice to Annual General Meeting of shareholders in Zhoda Investments AB (publ)

The shareholders of Zhoda Investments AB (publ), corporate identity number 559030-3490 (hereinafter the "Company") are hereby given notice to attend the Annual General Meeting to be held at 16.00 CET on 18 June 2019, at Vinkällaren Grappe, Grevgatan 5, in Stockholm.


Operativ och finansiell uppdatering från oljeverksamheten 2018

Zhoda Investments ("Zhoda") lämnar en operativ och finansiell uppdatering för 2018 avseende oljeverksamheten i Poltava Ukraina. Bolaget har under året haft en stabil oljeproduktion och all olja producerad under året har sålts mot förskottsbetalning.


Operational and financial update from the oil operations 2018

Zhoda Investments ("Zhoda") announces an operational and financial update for 2018 on the oil operations near Poltava, Ukraine. The company has maintained a stable oil production and all of the oil produced during the year was sold on prepayment.


Operativ uppdatering från Testament Winery

Zhoda Investments ("Zhoda") lämnar en operativ uppdatering avseende vinverksamheten i Testament Winery som producerar främst röda premiumviner på den dalmatinska kusten. Under 2018 tog bolaget flera stora steg mot visionen att bli Dalmatiens ledande producent av premiumviner. Bolaget lanserade det nya varumärket Testament, implementerade en ny säljstrategi och nådde en rekordskörd med en produktion på över tre hundra tusen flaskor ekologiska viner på lokala druvor.


Operational update from Testament Winery

Zhoda Investments ("Zhoda") announces an operational update on the wine operations in Testament Winery, a producer of primarily red premium wine on the coast of Dalmatia. During 2018 the company took several steps towards achieving the vision of becoming Dalmatia's leading producer of premium wines. The company launched the Testament brand, implemented a new sales strategy and reached a record harvest with a production of over 300,000 bottles of organic wines made from indigenous grapes.


Operativ och finansiell uppdatering från oljeverksamheten

Zhoda Investments ("Zhoda") lämnar en operativ och finansiell uppdatering avseende oljeverksamheten i Poltava Ukraina. Under årets första tio månader har Zhodas 45 procentiga andel av fältets produktion uppgått till 81 000 fat olja. Denna olja har genom den nya säljkanalen sålts mot förskottsbetalning. Detta har möjliggjort för oljefältsoperatören att nå två prioriterade finansiella målsättningar för 2018, det vill säga att reglera historiska rörelseskulder och återuppta utbetalning av utdelningar till Zhoda.


Operational and financial update from the oil operations

Operational and financial update from the oil operations Zhoda Investments ("Zhoda") announces an operational and financial update on the oil operations near Poltava, Ukraine. During the first 10 months of the year, Zhoda's 45 per cent interest in the field production amounted to 81,000 barrels. This oil has been sold against prepayment through the newly established sales channel. This has enabled the oil field operator to reach two prioritized objectives for 2018, that is settlement of historical operational debt and resumed dividend payments to Zhoda.


Operativ uppdatering från Smokvica Winery

Tidigare i våras stärkte Zhoda Investments sin position på den kroatiska vinmarknaden genom ett kompletteringsförvärv för vita premiumviner på den dalmatinska ön Korcula. Bolaget har sedan dess tagit stora steg under en relativt kort tid och kan därför framställa cirka 40 000 flaskor av vin från druvan posip från årets skörd.


Operational update from Smokvica winery

In spring this year, Zhoda Investments strengthened its position on the Croatian wine market by making an add-on acquisition for premium white wine on the Dalmatian island of Korcula. The company has made significant progress in a short period of time and has started producing approximately 40,000 bottles of Posip wine from the 2018 harvest.


Rekordskörd av Testament Winerys vitvinsdruva posip

Zhoda Investments portföljbolag Testament Winery, en producent av ekologiska viner på Dalmatiens kust i Kroatien, har framgångsrikt slutfört en rekordskörd av vitvinsdruvan posip.


Record white wine Posip harvest for Testament Winery

Zhoda Investments' portfolio company Testament Winery, an organic wine producer located on the Dalmatian cost of Croatia, has successfully completed a record harvest of the Posip grape used to produce white wines.


Zhoda Investments B handlas på OTC-listan den 3 september 2018

BQ Broker startar handel i Zhoda Investments aktie B.


Zhoda Investments inleder handel på beQuoteds OTC-lista

Zhoda Investments har slutit avtal med beQuoted om handel i bolagets B-aktie på OTC-listan. Första dag för handel blir den 3 september 2018.


Zhoda Investments to commence trade on beQuoted's OTC list

Zhoda Investments has entered into an agreement with beQuoted regarding trade in the company's B share on the OTC list. First day of trade will be 3 September 2018.


Två guldmedaljer till Testaments vinmakare i världens största vintävling

Tio Kroatiska viner vann guldmedaljer i 2018 Decanter World Wine Awards, världens största och mest inflytelserika vintävling. Två av dessa viner är från Dalmatien, och Testaments två vinmakare Juraj Sladic och Igor Radovanovic är vinmakarna bakom dessa medaljvinnare. Det är ett mycket viktig erkännande av utvecklingen av Dalmatiens vinindustri som nu skapas av en ny generation vinmakare som fokuserar på lokala druvor, en modern framställning och utmärkande vinstilar.

Two gold medals to Testament's winemakers at the world's largest wine competition

In the 2018 Decanter World Wine Awards, the world's largest and most influential wine competition, ten Croatian wines received gold medals. Two of these wines are from Dalmatia and Testament's two winemakers, Juraj Sladic and Igor Radovanovic, are the winemakers behind these award-winning wines. It is an exceptionally important validation of the development of the Dalmatian wine industry set by the new winemaker generation, focused on indigenous varieties, modern approach and precise wine styles.

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