NOTICE OF EXTRAORDINARY GENERAL MEETING OF VESTUM AB (PUBL)

The shareholders of Vestum AB (publ), reg. no. 556578-2496 (the "Company"), are hereby convened to the Extraordinary General Meeting ("EGM") to be held on Friday 5 November 2021.

Due to the risk of further spread of the coronavirus, the Board of Directors has resolved that the EGM will be held without physical presence of shareholders, proxies or external parties and that shareholders only can exercise their voting rights by postal voting in accordance with the procedure prescribed below. Information on the resolutions passed at the EGM will be published on 5 November 2021, as soon as the result of the voting has been finally confirmed.

Notification

Shareholders that wish to participate in the EGM by postal voting shall:

· be included in the share register maintained by Euroclear Sweden AB on Thursday 28 October 2021, and

· give notice of participation by submitting their postal vote in accordance with the instructions under the heading Postal voting below, no later than Thursday 4 November 2021.

Nominee-registered shares

For shareholders who have their shares nominee-registered through a bank or other nominee, the following applies in order to be entitled to participate in the meeting. In addition to giving notice of participation by submitting its postal vote, such shareholder must re-register its shares in its own name so that the shareholder is registered in the share register kept by Euroclear Sweden AB as of the record date Thursday 28 October 2021. Such re-registration may be temporary (so-called voting rights registration). Shareholders who wish to register their shares in their own names must, in accordance with the respective nominee's routines, request that the nominee make such registration. Voting rights registration that have been requested by the shareholder at such time that the registration has been completed by the nominee no later than Monday 1 November 2021 will be taken into account in the preparation of the share register.

Postal voting

The shareholders may only exercise their voting rights at the EGM by voting in advance, so-called postal voting, in accordance with Section 22 of the Act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations.

A special form must be used for the postal vote. The form for postal voting is available on the Company's website, www.vestum.se. Submitting of the postal voting form will be considered as notice of attendance.

Completed and signed forms for postal voting must be received by the Company on Thursday 4 November 2021 at the latest. Completed and signed forms for postal voting shall be sent by e-mail to [email protected] or by mail to Vestum AB (publ) att: Olle Nykvist, Birger Jarlsgatan 27, 111 45 Stockholm, Sweden (state "EGM 2021 - Postal voting"). The shareholders may not provide special instructions or conditions to the postal vote. If so, the entire postal vote is invalid. Further instructions and conditions can be found in the postal voting form.

Proxies

If the shareholders votes in advance by proxy, a power of attorney must be attached to the form. Proxy forms for shareholders who wish to vote in advance by proxy are available on the Company's website, www.vestum.se. If the shareholder is a legal entity, a certificate of registration or corresponding authorisation documents must be attached to the form.

Proposed agenda

  1. Election of chair of the meeting
  2. Election of one or more persons to verify the minutes
  3. Preparation and approval of the voting list
  4. Approval of the proposed agenda
  5. Consideration of whether the meeting has been duly convened
  6. Resolution to approve the acquisition of Lakers Group Holding AS
  7. Closing the meeting

Proposed resolutions

Item 1 - Election of chair of the meeting

The Board of Directors proposes that Per Åhlgren, or in his absence, a person appointed by the Board of Directors, shall be appointed chairperson of the EGM.

Item 2 - Election of one or more persons to verify the minutes

The Board of Directors proposes Olle Nykvist, or in his absence, the person instead appointed by the Board of Directors, to verify the minutes. The assignment to verify the minutes shall also include verifying the voting list and that postal votes received are correctly reflected in the minutes of the meeting.

Item 3 - Preparation and approval of the voting list

The voting list proposed for approval under item 3 on the agenda is the voting list prepared by the Company, based on the share register for the EGM and received postal votes, and approved by the person assigned to verify the minutes.

Item 6 - Resolution to approve the acquisition of Lakers Group Holding AS

In a press release on 7 October 2021, the Company announced that the Company, the same day, had entered into an agreement to acquire all shares in Lakers Group Holding AS ("Lakers Group"). Lakers Group is a leading North European aftermarket service, project and specialist product provider of water and wastewater pumps, which serve as key components for transportation of water in the water infrastructure. Lakers Group consists of 25 cohesive companies in Norway, Sweden, Denmark, Finland, the United Kingdom and Germany. The initial purchase price amounts to approximately NOK 2,044 million on a cash and debt-free basis. Existing net debt in the business amounts to approximately NOK 1,000 million. The initial purchase price will partly be financed with cash, and partly with approximately NOK 253 million through payment in reverse, which will then be set off against 2,609,548 shares in Vestum through offset issue. In connection with the completion of the acquisition, the Board will, based on the authorization from the Annual General Meeting on 20 May 2021, decide to issue the shares in the offset issue. Furthermore, an additional cash purchase consideration can be paid based on a percentage of acquired profit in the period up to 31 December 2021. The additional cash purchase consideration is not expected to exceed NOK 50 million. The sellers to Lakers Group are Summa Equity Fund I (No. 1) AB, Summa Equity Fund I (No. 2) AB and Summa Equity Fund I (No. 3) AB together with certain minority owners (most of whom are employees of Lakers Group). It is noted that the CEO of the Company, Conny Ryk, is a minority owner in Lakers Group and owns approximately 1 % of all shares in Lakers Group, which corresponds to a value below 1 % of Vestum's market capitalization. Conny Ryk will only receive cash compensation for his shares in Lakers Group.

The acquisition of Lakers Group is a major step in Vestum's strategy to create the leading Nordic acquisition driven group in the construction services and infrastructure industries. Lakers Group has grown strongly through acquisitions and has established an acquisition organization that in a short period of time has acquired 25 companies throughout the Nordic and Northern European region. Vestum will now accelerate the establishment of Vestum Norway and will, in addition to Sweden and Norway, have established platforms in the United Kingdom, Germany, Denmark and Finland. This means that Vestum will be ready to make acquisitions outside of Sweden already during the first half of 2022.

Closing of the acquisition of Lakers Group is subject to approval by a general meeting in the Company. Provided such approval, closing of the acquisition is expected to take place on 9 November 2021.

For further information, please refer to the press release published on 7 October 2021.

The Board of Directors proposes that the EGM resolves to approve the acquisition of Lakers Group.

Shareholders' right to receive information

The Board of Directors and the CEO shall, if any shareholder so requests and the Board of Directors considers that it may be done without material harm to the Company, provide information about circumstances that may affect the assessment of an item on the agenda and the Company's relationship to another group company. A request for such information shall be made in writing to Vestum AB (publ) att: Olle Nykvist, Birger Jarlsgatan 27, 111 45 Stockholm, Sweden or by e-mail to [email protected] no later than Tuesday 26 October 2021. The information will be disclosed by making it available at the Company's office, and on www.vestum.se, no later than Sunday 31 October 2021. The information will also be sent, within the same period of time, to the shareholders who requested it and stated their postal address or e-mail address.

Provision of documents

The notice, postal voting form as well as other documents according to the Swedish Companies Act will be held available at the Company's office, on Birger Jarlsgatan 27, 111 45 Stockholm, Sweden, and at the Company's website www.vestum.se, from no later than two weeks prior to the EGM and will be sent to those shareholders that so request and state their mail address.

Processing of personal data

For information on how your personal data is processed in connection with the EGM, see the privacy notice on Euroclear Sweden AB's website: https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

Stockholm in October 2021
Vestum AB (publ)
The Board of Directors

About Vestum

Vestum is a Swedish acquisition-driven company focused on acquiring and developing specialist companies within the construction services and infrastructure industries. Vestum is actively looking for high-quality companies with proven business models, strong market positions and predictable cash flows where Vestum can be involved and contribute to continued positive development.

For additional information, please visit: www.vestum.se

Vestum's share is traded under the short name VESTUM on Nasdaq First North Growth Market and the Company's Certified Adviser is G&W Fondkommission: phone: +46 (0)8 503 000 50, e-mail: [email protected].

Vestum, via dotterbolaget GGAL Group, förvärvar specialistbolag inom glas- och aluminiumpartier med en omsättning om 47,9 MSEK, EBITDA om 5,8 MSEK och EBITA om 3,8 MSEK

2021-11-23

Vestum AB (publ) ("Vestum") har genom dotterbolaget GGAL Group AB ingått avtal om förvärv av samtliga aktier i Tannefors Glas AB ("Tannefors Glas"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 50 569 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,04 %. Under den rullande 12 månaders perioden per september 2021 genererade Tannefors Glas en omsättning om 47,9 MSEK med en EBITDA om 5,8 MSEK och EBITA om 3,8 MSEK, motsvarande en EBITDA-marginal om 12,0 procent och EBITA-marginal om 8,0 procent.


Vestum, through subsidiary GGAL Group, acquires specialist company in glass and aluminium lots with sales of SEK 47.9m, EBITDA of SEK 5.8m and EBITA of SEK 3.8m

2021-11-23

Vestum AB (publ) ("Vestum") has through subsidiary GGAL Group AB agreed to acquire 100 percent of the shares in Tannefors Glas AB ("Tannefors Glas"). The purchase price will partly be financed through payment in reverse, which will then be set off against 50,569 shares in Vestum through offset issues. This will result in a dilution of approximately 0.04%. During the last twelve months per September 2021, Tannefors Glas generated sales of SEK 47.9m with an EBITDA of SEK 5.8m and EBITA of SEK 3.8m, corresponding to an EBITDA margin of 12.0 percent and EBITA margin of 8.0 percent.


Kallelse till extra bolagsstämma i Vestum AB (publ)

Aktieägarna i Vestum AB (publ), org.nr 556578-2496 ("Bolaget"), kallas härmed till extra bolagsstämma fredagen den 17 december 2021.

Med anledning av risken för fortsatt spridning av coronaviruset har styrelsen beslutat att den extra bolagsstämman ska genomföras utan fysisk närvaro av aktieägare, ombud eller utomstående och att utövandet av rösträtt endast kan ske genom att aktieägare poströstar i förhand i den ordning som föreskrivs nedan. Information om de av bolagsstämman fattade besluten offentliggörs fredagen den 17 december 2021 så snart utfallet av röstningen är slutligt sammanställt.


Notice of Extraordinary General Meeting of Vestum AB (publ)

The shareholders of Vestum AB (publ), reg. no. 556578-2496, (the "Company"), are hereby convened to the Extraordinary General Meeting ("EGM") to be held on Friday 17 December 2021.

Due to the risk of further spread of the coronavirus, the Board of Directors has resolved that the EGM will be held without physical presence of shareholders, proxies or external parties and that shareholders only can exercise their voting rights by postal voting in accordance with the procedure prescribed below. Information on the resolutions passed at the EGM will be published on Friday 17 December 2021, as soon as the result of the voting has been finally confirmed.


Vestum växer i Västsverige genom förvärv av specialistbolag inom isolering med en omsättning om 82,8 MSEK, EBITDA om 13,8 MSEK och EBITA om 11,6 MSEK

2021-11-09
Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i KWA Isolerteknik AB samt dotterbolaget JT Isolering AB ("KWA Isolerteknik"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 167 054 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,1 %. Under den rullande 12 månaders perioden per augusti 2021 genererade KWA Isolerteknik en omsättning om 82,8 MSEK med en EBITDA om 13,8 MSEK och EBITA om 11,6 MSEK, motsvarande en EBITDA-marginal om 16,7 procent och EBITA-marginal om 14,0 procent.


Vestum is growing in Western Sweden through acquisition of specialist company in insulation with sales of SEK 82.8m, EBITDA of SEK 13.8m and EBITA of SEK 11.6m

2021-11-09
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in KWA Isolerteknik AB and its subsidiary JT Isolering AB ("KWA Isolerteknik"). The purchase price will partly be financed through payment in reverse, which will then be set off against 167,054 shares in Vestum through offset issues. This will result in a dilution of approximately 0.1%. During the last twelve months per August 2021, KWA Isolerteknik generated sales of SEK 82.8m with an EBITDA of SEK 13.8m and EBITA of SEK 11.6m, corresponding to an EBITDA margin of 16.7 percent and EBITA margin of 14.0 percent.


Kommuniké från extra bolagsstämma i Vestum AB (publ)

Den extra bolagsstämman i Vestum AB (publ) idag den 5 november 2021 har beslutat om följande. Med anledning av risken för fortsatt smittspridning av coronaviruset genomfördes stämman med poströstning, utan fysiskt deltagande.


Bulletin from EGM in Vestum AB (publ)

The Extraordinary General Meeting in Vestum AB (publ) held today on 5 November 2021 has resolved the following. Due to the risk of further spread of the coronavirus the Extraordinary General Meeting was conducted by postal voting only, without physical presences.


Vestum förvärvar specialistbolag med en omsättning om 83,6 MSEK, EBITDA om 8,3 MSEK och EBITA om 6,3 MSEK

2021-11-02
Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i Amsler Hiss AB ("Amsler Hiss"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 91 540 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,1 %. Under den rullande 12 månaders perioden per juni 2021 genererade Amsler Hiss en omsättning om 83,6 MSEK med en EBITDA om 8,3 MSEK och EBITA om 6,3 MSEK, motsvarande en EBITDA-marginal om 9,9 procent och EBITA-marginal om 7,6 procent.


Vestum acquires specialist company with sales of SEK 83.6m, EBITDA of SEK 8.3m and EBITA of SEK 6.3m

2021-11-02
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Amsler Hiss AB ("Amsler Hiss"). The purchase price will partly be financed through payment in reverse, which will then be set off against 91,540 shares in Vestum through offset issues. This will result in a dilution of approximately 0.1%. During the last twelve months per June 2021, Amsler Hiss generated sales of SEK 83.6m with an EBITDA of SEK 8.3m and EBITA of SEK 6.3m, corresponding to an EBITDA margin of 9.9 percent and EBITA margin of 7.6 percent.


Vestum kompletterar erbjudandet inom elinstallationer genom förvärv av specialistbolag med en omsättning om 25,1 MSEK, EBITDA om 8,1 MSEK och EBITA om 7,5 MSEK

2021-11-01
Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i Elcentralen Nacka AB ("Elcentralen"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 69 098 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,1 %. Under det senaste räkenskapsåret 2020/2021 genererade Elcentralen en omsättning om 25,1 MSEK med en EBITDA om 8,1 MSEK och EBITA om 7,5 MSEK, motsvarande en EBITDA-marginal om 32,3 procent och EBITA-marginal om 29,7 procent.


Vestum complements the offering in electrical installations through the acquisition of specialist company with sales of SEK 25.1m, EBITDA of SEK 8.1m and EBITA of SEK 7.5m

2021-11-01
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Elcentralen Nacka AB ("Elcentralen"). The purchase price will partly be financed through payment in reverse, which will then be set off against 69,098 shares in Vestum through offset issues. This will result in a dilution of approximately 0,1%. In the last fiscal year of 2020/2021, Elcentralen generated sales of SEK 25.1m with an EBITDA of SEK 8.1m and EBITA of SEK 7.5m, corresponding to an EBITDA margin of 32.3 percent and EBITA margin of 29.7 percent.


Vestum förvärvar specialistbolag inom infrastruktur med en omsättning om 111,3 MSEK, EBITDA om 25,0 MSEK och EBITA om 23,2 MSEK

2021-10-28
Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i Malte Rutberg Entreprenad AB med dotterbolaget Malte Rutberg Maskin AB ("MR Entreprenad"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 471 328 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,4 %. Under den rullande 12 månaders perioden per augusti 2021 genererade MR Entreprenad en omsättning om 111,3 MSEK med en EBITDA om 25,0 MSEK och EBITA om 23,2 MSEK, motsvarande en EBITDA-marginal om 22,5 procent och EBITA-marginal om 20,8 procent.


Vestum acquires specialist company in infrastructure with sales of SEK 111.3m, EBITDA of SEK 25.0m and EBITA of SEK 23.2m

2021-10-28
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Malte Rutberg Entreprenad AB with the subsidiary Malte Rutberg Maskin AB ("MR Entreprenad"). The purchase price will partly be financed through payment in reverse, which will then be set off against 471,328 shares in Vestum through offset issues. This will result in a dilution of approximately 0.4%. During the last twelve months per August 2021, MR Entreprenad generated sales of SEK 111.3m with an EBITDA of SEK 25.0m and EBITA of SEK 23.2m, corresponding to an EBITDA margin of 22.5 percent and EBITA margin of 20.8 percent.


Vestum förvärvar ledande specialistbolag inom infrastruktur med en omsättning om 305,0 MSEK, justerad EBITDA om 28,4 MSEK och justerad EBITA om 22,4 MSEK

2021-10-26

Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i Infracon Sverige AB med dotterbolaget Infracon Maskin AB ("Infracon"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 286 556 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,2 %. Under den rullande 12 månaders perioden per augusti 2021 genererade Infracon en omsättning om 305,0 MSEK med en justerad EBITDA om 28,4 MSEK och justerad EBITA om 22,4 MSEK, motsvarande en justerad EBITDA-marginal om 9,3 procent och justerad EBITA-marginal om 7,3 procent.


Vestum acquires leading specialist company in infrastructure with sales of SEK 305.0m, adjusted EBITDA of SEK 28.4m and adjusted EBITA of SEK 22.4m

2021-10-26

Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Infracon Sverige AB with the subsidiary Infracon Maskin AB ("Infracon"). The purchase price will partly be financed through payment in reverse, which will then be set off against 286,556 shares in Vestum through offset issues. This will result in a dilution of approximately 0.2%. During the last twelve months per August 2021, Infracon generated sales of SEK 305.0m with an adjusted EBITDA of SEK 28.4m and adjusted EBITA of SEK 22.4m, corresponding to an adjusted EBITDA margin of 9.3 percent and adjusted EBITA margin of 7.3 percent.


Vestum har framgångsrikt emitterat ett obligationslån om SEK 1,5 miljarder

Stockholm den 21 oktober 2021

Vestum AB (publ) ("Vestum" eller "Bolaget") har emitterat ett icke säkerställt obligationslån om SEK 1,5 miljarder inom ett rambelopp om SEK 3 miljarder. Obligationslånet löper med en ränta om 3m Stibor + 415 baspunkter med förfall den 28 oktober 2024. Emissionen möttes av mycket stort intresse och orderboken, som består främst utav nordiska institutionella investerare blev kraftigt övertecknad.


Vestum has successfully issued a bond of SEK 1.5 billion

Stockholm October 21, 2021

Vestum AB (publ) ("Vestum" or the "Company") has issued a senior unsecured bond of SEK 1.5 billion, within a framework of SEK 3 billion. The bond carries an interest rate of 3m Stibor + 415 basis points and matures on October 28 2024. The issue attracted very strong interest and the order book, which comprises mainly of Nordic institutional investors was heavily oversubscribed.


KALLELSE TILL EXTRA BOLAGSSTÄMMA I VESTUM AB (PUBL)

Aktieägarna i Vestum AB (publ), org.nr 556578-2496 ("Bolaget"), kallas härmed till extra bolagsstämma fredagen den 5 november 2021.


NOTICE OF EXTRAORDINARY GENERAL MEETING OF VESTUM AB (PUBL)

The shareholders of Vestum AB (publ), reg. no. 556578-2496 (the "Company"), are hereby convened to the Extraordinary General Meeting ("EGM") to be held on Friday 5 November 2021.


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