The shares shall be issued in two series denominated as series A and series B.
Of the share capital, not more than SEK 800,000,000 nominal can consist of series A shares and not more than SEK 800,000,000 nominal of series B shares.
Series A shares entitle their holders to ten votes each and series B shares to one vote each.
Series A shares can be converted into series B shares at the request of holders of series A shares. An application for conversion shall be made in writing to the Company’s Board of Directors and, in so doing, the number of shares requested to be converted shall be stated. The Board of Directors of the Company shall, without delay, deal with matters of conversion to series B shares. Conversion shall be notified for registration without delay and is effected when the registration is made.
On such a new issue of shares, which is not made against capital contributed in kind, holders of series A shares and series B shares shall have right of preference to subscribe to new shares of the same class of shares in relation to the number of shares the holder already owns (primary right of preference). Shares not subscribed with primary right of preference shall be offered for subscription to all shareholders (subsidiary right of preference). If the shares offered for such subscription do not suffice for the subscription made with subsidiary right of preference, the shares shall be distributed between the subscribers in relation to the total number of shares they already own in the Company. To the extent that this cannot be effected relating to a specific share/specific shares, distribution is made by ballot.
Should the Company decide to issue only series A or series B shares then all shareholders, regardless of whether their shares are of series A or series B, shall have right of preference to subscribe to new shares in relation to the number of shares they already own.
What is stated above shall not involve any restriction of the opportunity to take a decision about a cash issue with a departure from shareholders’ right of preference.
What is stipulated above about shareholders’ right of preference shall have the corresponding application on the issue of warrants and convertibles.
On an increase in the share capital through a bonus issue, new shares shall be issued of each class of shares in relation to the number of shares of the same class which already exist. Then old shares of a specific class shall have right of preference to new shares of the same class of shares. What has now been stated shall not involve any restriction of the opportunity to issue shares of a new class through a bonus issue after a necessary amendment to the Articles of Association.