#Sweden #Sivers Semiconductors #Stockholm #Incentive Program #EEGM

Sivers Semiconductors AB Invites Shareholders to Extraordinary General Meeting

Sivers Semiconductors AB, known for its innovations in the semiconductor space, has officially announced an Extraordinary General Meeting (EGM) scheduled for October 22, 2026, in Stockholm, Sweden. The meeting will take place at the premises of Setterwalls Advokatbyrå at Sturegatan 10, starting at 16:00. This gathering aims to present essential proposals to the shareholders, including the election of a new auditor and the introduction of a long-term incentive program.

Key Details of the Meeting

Shareholders looking to participate in the EGM must ensure they are recorded in the share register managed by Euroclear Sweden AB by October 14, 2026. Furthermore, they are required to notify the company of their intent to attend by October 16, 2026. This can be done by postal mail or through email, and the notification must include essential details like the shareholder's name, identification number, and number of shares held.

Postal Voting Options

For those shareholders who cannot attend in person, Sivers Semiconductors has set up provisions for postal voting. Shareholders wishing to exercise their voting rights via postal ballot must also be registered by the cut-off date. The specific postal voting form will be available on the company's website three weeks before the EGM. It is critical that shareholders adhere to the guidelines provided in the postal voting instructions to ensure their votes are counted.

Key Agenda Items

The EGM will cover various pivotal issues:
1. Election of Chairman of the Meeting - The Nomination Committee has proposed Jorgen S. Axelsson for this role.
2. Appointment of Auditor - A significant proposal is to terminate the existing auditor, Deloitte AB, and appoint Ernst & Young AB as the new auditor. This change comes after ten years and is aimed at establishing a new long-term relationship aligned with the company's growth and international presence.
3. Long-term Incentive Program - The Board of Directors is suggesting an incentive program, referred to as 'P11,' which aims to retain and recruit talented personnel across the Group's operations in various countries, including the United States, India, Scotland, Sweden, and China. This program is designed to align employee interests with those of shareholders and will entail stock options that vest over a three-year period.
4. Authorization for Issuing Series C Shares - The board seeks approval to issue up to 7,280,000 Series C shares, which would account for approximately 2.0% of shares post-dilution. This authorization will facilitate the incentive program and help manage social security obligations.
5. Share Repurchase Authorization - The proposal includes empowering the board to repurchase Series C shares to maintain regulatory compliance with respect to the incentive programs.

Importance of Participation

The company urges shareholders to actively participate in this meeting as the decisions taken will have a significant impact on the company’s future strategies and obligations. Shareholders are also reminded of their rights to request information from the board and the CEO during the meeting, per the regulations outlined in Swedish company law.

Conclusion

As the date approaches, shareholders are encouraged to familiarize themselves with the proposals and ensure full participation, whether in person or through postal voting. The company anticipates constructive discussions that will pave the way for substantial advancements in its operational strategies and stakeholder value. For further details, shareholders can access comprehensive documentation on Sivers Semiconductors' website or contact the company directly for inquiries.

As Sivers Semiconductors prepares for this pivotal meeting, its future directions look promising, echoing its commitment to innovation and shareholder engagement.