The amendment means that Listed Companies no longer need to convene general
meetings by advertising in a national daily newspaper. Under the new rules, general
meetings in Listed Companies will be convened by advertisement in Post- och Inrikes
Tidningar and by making the notice to attend available on the company’s website.
Listed Companies must also provide notification that the notice to attend has been
issued using a national daily newspaper specified in their articles of association and
provide certain information to the shareholders regarding the coming general meeting,
inter alia how they may access the complete notice to attend on the company’s
website.
However, the entire notice to attend does not have to be published in the
newspaper. Finally, Listed Companies are obliged to send the notice to attend to
every shareholder who so requires at no cost to the shareholder.
In the committee’s proposal, only Listed Companies were subject to the new rules
on convening general meetings on the company’s website. After several commenting
bodies had aired criticism, the scope of application was expanded, so that all public
companies are now afforded the opportunity to convene general meetings in
accordance with the rules which apply to Listed Companies.