Shareholder Meetings

Nomination Committee

In accordance with the Code, the Company has a Nomination Committee which prepares proposals for the election and remuneration of members of the Board of Directors and auditors for the AGM.

In accordance with the resolution of the 2016 Annual General Meeting, a Nomination Committee has been convened consisting of members representing the three largest shareholders in Black Earth Farming.

The Nomination Committee is comprised by Joakim Andersson appointed by Investment AB Kinnevik, Per ┼hlgren appointed by GoMobile Nu AB, and Ramsay Brufer appointed by Alecta. (See news release published on 5 October 2016.) Joakim Andersson has been appointed Chairman of the Nomination Committee.

 

Annual General Meeting (AGM)

The Annual General Meeting (“AGM”) is the highest decision-making body of Black Earth Farming, in which all shareholders are entitled to attend in person or by proxy to cast their votes on important company matters. Subject to the provisions of the Companies (Jersey) Law 1991 as amended (“Law”), an Annual General Meeting shall be held in Sweden or in such other place as may be determined by the Board and at such time and place as the Board may determine, in the Swedish and English language, once per year, no later than six months after the end of the financial year.

The regular business that is to be transacted at an Annual General Meeting is the receipt and consideration of the annual accounts and the reports of the Directors and the Auditors and any other document required to be annexed to the annual accounts, the declaration of dividends, the election or re-election of Directors and the re-appointment of the Auditors retiring and the fixing of the remuneration of the Auditors or the determination of the manner in which such remuneration is to be fixed.

In 2016, Black Earth Farming held the Annual General Meeting on 20 May at Näringslivets Hus, Storgatan 19 in Stockholm, Sweden. As per the published agenda and minutes, the AGM adopted the consolidated profit and loss statement for the period 1 January to and including 31 December 2015, as well as balance sheet and the consolidated balance sheet as of 31 December 2015, it was resolved upon the election of Board of Directors and auditors, with PricewaterhouseCoopers AB as the Company’s auditors. It was furthermore resolved not to pay any dividends for the financial year 2015.