INDU C Industrivarden AB Class C

Information ahead of Industrivärden’s 2020 AGM

Information ahead of Industrivärden’s 2020 AGM

Industrivärden’s Annual General Meeting (AGM) will be held at 2 p.m. on April 24, 2020, at the Grand Hôtel, Vinterträdgården hall, Stockholm. Registration, which was previously announced to open at 1:00 p.m., has been moved forward to 1:30 p.m.

As previously indicated in the AGM notice, Industrivärden will take additional precautionary measures in connection with the AGM to safeguard the health and safety of our shareholders, employees and other parties. This means, among other things, that no food or beverages will be offered at the AGM, the customary presentations by portfolio companies will not be held, and addresses will be shortened significantly.  

In accordance with new temporary rules, the Board of Directors has decided to give shareholders the opportunity to absentee vote instead of by participating in person or via proxy. Shareholders who want to take advantage of this opportunity must, in addition to being registered in the shareholder register and notifying the company of their intention to attend the AGM in accordance with the instruc-tions in the AGM notice, send their absentee ballots to Industrivärden by April 22, 2020, at the latest. Instructions and an absentee voting ballot are available on Industrivärden’s website:

There is also a previously existing option for shareholders who are private persons to use an oppor-tunity offered by Euroclear Sweden to grant power of attorney with voting instructions to a proxy appointed by Euroclear Sweden, see Euroclear Sweden is not acting on Industrivärden’s behalf and is not providing services to Industrivärden in this regard.

In view of the authorities’ instructions, Industrivärden urges all shareholders to seriously consider the opportunities to absentee vote or use their right to vote via proxy at the AGM. Shareholders who are experiencing symptoms, who have been in close contact with anyone showing symptoms, or who belong to a risk category should not attend the AGM in person.

Industrivärden is monitoring developments, and updated information on the Annual General Meeting will be published on a regular basis on Industrivärden’s website.

  

Stockholm, April 16, 2020

AB INDUSTRIVÄRDEN (publ)



For further information, please contact:

Sverker Sivall, Head of Corporate Communications and Sustainability, tel.



This information was submitted for publication by the Head of Corporate Communications and Sustainability, Sverker Sivall (tel. ), at 12:15 p.m. CEST on April 16, 2020.

Attachment

EN
16/04/2020

Underlying

INDU CIndustrivarden AB Class C

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Industrivarden AB Class C

Linus Sigurdson
  • Linus Sigurdson
Free Trial
LUND B L E Lundbergfor...
INDU C Industrivarden ... ... (+6)

The weekly navigator

From the past week, we highlight: 1) Investor bought shares in EQT for the first time since its 2019 IPO; 2) ahead of Kinnevik’s 12 May AGM, we highlight the return of Cristina Stenbeck as chair and the potential for share buybacks at a 40% discount to NAV; and 3) Lundbergs bought shares in its existing holdings for SEK512m.

LUND B L E LUNDBERGFORETAGEN AB CLASS B
INDU C INDUSTRIVARDEN AB CLASS C
LATO B LATOUR AB INVESTMENT CLASS B
VEFAB VEF
KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
05/08/25 May 8, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
Free Trial
LUND B L E Lundbergfor...
INDU C Industrivarden ... ... (+6)

The weekly navigator

From the past week, we highlight: 1) we lowered our target price for Latour to SEK300 (340) following a Q1 report with a slight NAV decline but strong organic order intake growth; 2) Investor bought 6.3m Ericsson shares, and we highlight its successful top-ups in the name; 3) insider purchases at Investor are in our view a signal to look beyond a relatively small discount to NAV; and 4) Flat Capital reported Q1 NAV down 1% QOQ.

LUND B L E LUNDBERGFORETAGEN AB CLASS B
INDU C INDUSTRIVARDEN AB CLASS C
LATO B LATOUR AB INVESTMENT CLASS B
VEFAB VEF
KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
04/30/25 April 30, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
Free Trial
LUND B L E Lundbergfor...
INDU C Industrivarden ... ... (+6)

The weekly navigator

From the past week, we highlight: 1) we lowered our target price in Investor to SEK320 following a 9% write-down of Patricia Industries in its Q1 report; 2) we reduced our target price in Kinnevik to SEK100 to reflect macroeconomic headwinds, but remain positive ahead of Cristina Stenbeck’s return as chair; 3) we cut our VEF target price to SEK2.5 on FX movements and see re-rating potential from e.g. ongoing buybacks; and 4) we lowered our target price in Flerie to SEK57 given worsening funding ...

LUND B L E LUNDBERGFORETAGEN AB CLASS B
INDU C INDUSTRIVARDEN AB CLASS C
LATO B LATOUR AB INVESTMENT CLASS B
VEFAB VEF
KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
04/24/25 April 24, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
Free Trial
LUND B L E Lundbergfor...
INDU C Industrivarden ... ... (+6)

The weekly navigator

From the past week, we highlight: 1) we are encouraged by the return of Cristina Stenbeck as chair of Kinnevik, and believe it could result in a lower discount to NAV; 2) VEF completed a milestone partial exit of Juspay at a 37% IRR, putting it on track to pay down debt and repurchase shares at a 50% discount to NAV in the near term; and 3) for Industrivärden, we recently reiterated our HOLD and lowered our target price to SEK345 (400), as we see risk to the earnings outlook of its portfolio com...

LUND B L E LUNDBERGFORETAGEN AB CLASS B
INDU C INDUSTRIVARDEN AB CLASS C
LATO B LATOUR AB INVESTMENT CLASS B
VEFAB VEF
KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
04/10/25 April 10, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
Free Trial
INDU C Industrivarden ...

Industrivärden (Hold, TP: SEK345.00) - Caught in a market headwind

We remain on the sidelines following Industrivärden’s Q1 report, reiterating our HOLD but with a lowered SEK345 (400) target price. While this reflects forward NAV growth of 26%, we have raised our target discount to NAV to 20% to account for the current macro situation (potential near-term volatility in its portfolio companies’ earnings outlook). We see clearer near-term value in its main owner Lundbergs given its defensive portfolio characteristics, a lower portfolio-weighted US exposure and a...

INDU C INDUSTRIVARDEN AB CLASS C
04/08/25 April 8, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch