Nomination Committee

The Nomination Committee shall submit proposals for the chair of the annual general meeting, the number of board members elected by the general meeting, the chair and other board members elected by the general meeting, fees and other remuneration to each of the board members elected by the general meeting and to members of the board’s committees and subcommittees, the number of auditors, the election of and fees to auditors, as well as decisions on instructions for the Nomination Committee.

The Nomination Committee shall consist of representatives of the four largest shareholders in terms of voting rights registered in the share register maintained by Euroclear Sweden as of 31 August, and the Chair of the Board as convenor. The member representing the largest shareholder shall be appointed Chair of the Nomination Committee unless the Nomination Committee unanimously appoints someone else.

If a shareholder considers that their shareholding in the company has reached such a size that it entitles them to participate in the Nomination Committee, the shareholder may notify the Nomination Committee thereof in writing and, in doing so, verify their shareholding in a reliable manner. If the Nomination Committee receives such a written request no later than 31 January and considers that the stated shareholding has been reliably verified, the Nomination Committee shall notify the shareholder accordingly, whereupon the shareholder shall have the right to appoint a member of the Nomination Committee.

If a member representing a shareholder on the Nomination Committee resigns from their assignment prematurely, or is prevented from fulfilling their assignment, the Nomination Committee shall, without delay, urge the shareholder who appointed the member to appoint a new member. A shareholder who has appointed a member of the Nomination Committee has the right to dismiss the member and appoint a new member. Changes in the composition of the Nomination Committee must be announced immediately.

The company shall, in the event of changes, publish the composition of the Nomination Committee without unnecessary delay by publishing the information in a separate press release and on the company’s website. No remuneration shall be paid to the representatives on the Nomination Committee. The company shall reimburse any costs incurred by the Nomination Committee in its work. The term of office of the Nomination Committee ends when the composition of the following Nomination Committee has been published.

The Nomination Committee currently consists of:

- Björn Westman, Chair, appointed by Chalmers University of Technology
- Josef Weidman, appointed by Martin Gren, Grenspecialisten
- Patrik Jönsson, appointed by SEB-funds
- Bile Daar, appointed by Peter Lindell, Cidro Förvaltning

The Nomination Committee’s proposals will be presented in the notice convening the annual general meeting.

Shareholders who wish to submit proposals to the Nomination Committee may do so by email to investorrelations@lumenradio.com