Reference is made to the notice of an extraordinary general meeting in B2 Impact ASA (the "Company") to be held on 27 December 2023 (the "EGM"), announced on 5 December 2023, for the election of new members to the board of directors and to the nomination committee of the Company, and the request for such EGM made in a joint letter from a group of shareholders holding in total 94,113,527 shares (24.3%) in the Company (the "Shareholder Group") announced on 27 November 2023.
Following constructive discussions between members of the Shareholder Group, other significant shareholders and representatives of the Company, the Company has today received revised proposals for board members and nomination committee members from the Shareholder Group (the "Revised Proposals"), substituting the proposals set out in the EGM notice. Pursuant to the Revised Proposals, both the board and the nomination committee shall consist of a combination of existing and new members. The Revised Proposals have been made by the Shareholder Group to provide well balanced proposals that take into account the interests of all stakeholders and are eligible to be accepted by the requisite majority vote at the EGM.
Under the Revised Proposals, item 4 in the EGM notice is amended to read as follows:
"Board members Trygve Lauvdal, Kjetil Andreas Garstad and Grethe Wittenberg Meier step down from the Board. Anders Engdahl, Henrik Wennerholm and Ellen Hanetho are elected as new members to the Board until the Annual General Meeting in 2024.
After this, the Board consists of the following members:
Harald L. Thorstein, Chair of the Board
Adele Bugge Norman Pran, member
Trond Kristian Andreassen, member
Ann Jessica Sparrfeldt, member
Anders Engdahl, member
Henrik Wennerholm, member
Ellen Hanetho, member"
Further, item 5 in the EGM notice is amended to read as follows:
"The Company's nomination committee shall consist of the following members for the period until the annual general meeting in 2024:
Hans Thrane Nielsen, Chair
Kjetil Andreas Garstad
Niklas Wiberg"
In addition to the members of the Shareholder Group, other leading shareholders are supporting the Revised Proposals and it is therefore expected that the Revised Proposals will be adopted by the EGM on 27 December 2023.
Information about the new members of the board and the nomination committee is attached to this announcement.
Shareholders of the Company who have submitted advanced votes through VPS are encouraged to re-submit their votes in the same manner in respect of the Revised Proposals. If such advanced votes have been submitted by post or e-mail, such shareholders are encouraged to contact the Company's VPS Registrar, DNB Bank ASA, by e-mail to genf@dnb.no. Advanced votes submitted prior to the date of this announcement will be disregarded with respect to items 4 and 5 on the agenda as they relate to the substituted proposals.
Discretionary voting proxies granted to the chairperson of the Board, Harald L. Thorstein, will be used to vote in favour of the Revised Proposals.
For further information, please contact:
Harald Thorstein, Chair
Tel +44 7557 284548
This information is subject to disclosure under section 5-12 of the Norwegian Securities Trading Act.
About Us
B2 Impact (previously B2Holding ASA) is one of the leading pan-European debt management companies. B2 Impact is headquartered in Oslo, Norway and employs around 1,700 people across the markets we operate in. B2 Impact offers solutions to the challenges created by defaulted loans. We provide liquidity to financial institutions, contributing to a healthier financial system. And we impact the financial situation of our customers by offering sustainable solutions to handle their debt. We promote lasting financial improvement through transparent and ethical debt management.
