Articles of association for Azelio AB (publ), registration number 556714-7607, adopted by the annual general meeting held on 26th November, 2019.
The company’s name is Azelio AB. The company is a public limited liability company (publ).
The board of directors’ registered office shall be situated in Gothenburg.
The object of the company’s business is to conduct research, production, sale and installation of products within the energy industry; development of software for control, regulation and monitoring within the solar energy industry; storage and distribution of electricity and gas; engineering services within the energy industry and any other activities compatible therewith.
The share capital shall be not less than SEK 20,000,000 and not more than SEK 80,000,000.
The number of shares shall be no less than 40,000,000 and no more than 160,000,000.
The board of directors shall consist of no less than three (3) and no more than ten (10) directors.
The company shall appoint an accounting firm; or no less than one and no more than two auditors, with or without deputy auditors, for the review of the Company’s annual report, accounts and the management of the board of directors and the CEO.
Notice of general meetings shall be published in the Swedish Official Gazette (Sw. Post- och Inrikes Tidningar) and be kept available on the company’s website. At the time of the notice, an announcement with information that the notice has been issued shall be published in Svenska Dagbladet. The general meeting shall be held where the company has its registered office, in Åmål or in Stockholm.
Shareholders who wish to participate at a general meeting shall provide notification of their intention to attend the meeting no later than on the date stipulated in the notice convening the general meeting. The latter mentioned day must not be a Sunday, any other public holiday, Saturday, Midsummer’s Eve, Christmas Eve or New Year’s Eve and must not be more than the fifth weekday prior to the meeting.
A shareholder may be accompanied by advisers (not more than two) when attending a general meeting under the condition that the shareholder notifies the company in accordance with what has been stated in the preceding paragraph.
The annual general meeting shall be held annually within six (6) months after the end of the financial year. The following business shall be addressed at annual general meetings:
1. Election of a chairman of the meeting;
2. Preparation and approval of the voting list;
3. Approval of the agenda;
4. Election of one or two persons who shall approve the minutes of the meeting;
5. Determination of whether the meeting was duly convened;
6. Presentation of submitted annual report and the auditors’ report and, where applicable, the consolidated financial statements and the auditors’ report for the group;
a. regarding the adoption of the income statement and the balance sheet and, when applicable, the consolidated income statement and the consolidated balance sheet;
b. regarding allocation of the company’s profits or losses in accordance with the adopted balance sheet;
c. regarding discharge of the members of the board of directors and the managing director from liability;
8. Election of the members of the board of directors and auditors and, where applicable, deputy auditors;
9. Determination of fees for members of the board of directors and auditors;
10. Other matters, which are set out in the Swedish Companies Act or the company’s articles of association.
The board of directors may collect proxies at the expense of the company in accordance with the procedure described in Chapter 7 Section 4 Paragraph 2 of the Swedish Companies Act (2005:551).
The company’s financial year shall comprise 1 January–31 December.
The company’s shares shall be registered in a securities register in accordance with the Swedish Central Securities Depositories and Financial Instruments Accounts Act (1998:1479).
Azelio is a Swedish cleantech company. We have developed an ingenious long duration energy storage technology, providing dispatchable electricity and usable heat for all hours of the day – with zero emissions and at a very competitive cost.
417 56 Gothenburg
© Azelio 2022