General meeting

Avarda Bank AB previously operated under the name TF Bank AB. References to TF Bank AB refer to the same legal entity that is now named Avarda Bank AB.

The voting right of the shareholders of Avarda Bank is acted through the General Meeting.

According to the company act of Sweden “aktiebolagslagen” the General Meeting is the company’s highest decision making body, in issues such as changes in the Articles of Association, decisions on Discharge, financial statements such as balance sheet and statement of income and dividend, election of board members as well as remuneration and fee to board members and auditors. The regulations governing the General Meeting can be found in the company act “aktiebolagslagen” and the Articles of Association.