The Nomination Committee of Cary Group Holding AB (publ) (“Cary Group”) has now been appointed.
At an Extraordinary General Meeting of Cary Group held on 13 August 2021, an instruction for the appointment of the Nomination Committee was adopted, which is valid until further notice. According to this instruction, the Nomination Committee shall consist of representatives of the three largest shareholders in terms of voting rights, as well as the Chair of the Board of Directors, who shall also convene the Nomination Committee for its first meeting.
The Nomination Committee comprises:
- Andreas Näsvik, appointed by Nordic Capital, Chair of the Nomination Committee
- Peter Gruve, appointed by AMF
- Patrik Jönsson, appointed by SEB
- Magnus Lindquist, Chair of the Board of Directors of Cary Group
Prior to the 2022 Annual General Meeting (AGM), the Nomination Committee shall submit proposals regarding the election of the Chair of the AGM, the number of Directors to be elected by the AGM, the election of the Board Chairperson and Directors, fees and other remuneration payable to elected Directors and members of Board Committees, the election of auditor(s), the principles for the composition of the Nomination Committee and any changes to the instructions issued to the Nomination Committee. Cary Group’s Annual General Meeting will be held on 17 May 2022.
Shareholders wishing to submit proposals to the Nomination Committee for the 2022 Annual General Meeting may contact the Nomination Committee by sending an email to helene.gustafsson@carygroup.com or a letter to Cary Group AB (publ), Nomination Committee, Hammarbykaj 10D, 120 32 Stockholm, Sweden, by 1 February 2022 at the latest, so that the Nomination Committee can process the proposals it receives in a constructive manner.
Shareholders wishing to have a matter discussed at the Annual General Meeting must submit such a proposal to the Chair of the Board (at the same address as above) by 29 March 2022 or after this date but in time for the matter to be included in the notice convening the Annual General Meeting.
As was announced on 14 September 2021, the current Chair of the Board, Magnus Lindquist, wishes to relinquish this role. Board member Juan Vargues has announced that he is prepared to take over as the new Chair of the Board. Cary Group’s main shareholder, Cidron Legion S.á r.l., indirectly controlled by Nordic Capital VIII[1], has also informed the Board of Directors that it intends to convene an Extraordinary General Meeting to decide on the changes to the Board of Directors, in conjunction with the publication of Cary Group’s interim report for the period January-September 2021. If Juan Vargues is appointed as Chair of the Board, the intention is that he replaces Magnus Lindquist as a member of the Nomination Committee.
For more information, please contact:
Andreas Näsvik, Chair of the Nomination Committee
Email: andreas.nasvik@nordiccapital.com
Magnus Lindquist, Chair of the Board of Directors of Cary Group
Tel: +46 (0)73 316 09 63
Email: magnus.lindquist@cordetcapital.com
About Cary Group
Cary Group provides sustainable damage repair and car care services and has business operations in Sweden, Denmark, Norway, the UK and Spain. It specialises in the repairing and changing of car glass, with complementary services such as the repairing of bodywork and paint damage. Ryds bilglas, Svenska Bussglas, Mobile Windscreens, Crashpoint, Danglas, Cary, Quick Car Fix, Autoklinik and Auto Cristal Ralarsa are our well known and successful brands, with a total of 524 workshops and 397 mobile units. We provide services that help maintain the lifetime, value and safety features of motor vehicles by striving to always repair rather than replace. With good accessibility for customers, high quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visitwww.carygroup.com.
[1] References to“Nordic Capital VIII”in this press release refer to Nordic Capital VIII Alpha, L.P. and Nordic Capital VIII Beta, L.P. (acting through their general partner Nordic Capital VIII Limited).
Nomination Committee of Cary Group Holding AB (publ)
