Belgium
Denmark
Finland
Lithuania
At Transcendent Group you will meet experienced consultants within Governance, Risk and Compliance. We are an independent adviser with a clear understanding of risk and business value. Based on our clients’ needs, we support our clients in projects, through the provision of outsourced solutions, interim positions or subscription services. Our clients operate in both the public and private sector, including government agencies, businesses and other organizations in a variety of industries.
Founded in Stockholm in 2001, Transcendent Group is a value-driven company. We hand-pick our employees, and only recruit experienced consultants from within Governance, Risk and Compliance. Today, Transcendent Group has grown to become a consulting business with offices throughout Europe.
On June 15, 2022, FCG Holding Sverige AB (“FCG”) made a public tender offer to the shareholders of Transcendent Group to tender all their shares in the Company to FCG (the “Offer”). FCG offers SEK 36.75 cash for each share in Transcendent Group, corresponding to a total value for all shares in the Company of approximately SEK 239.9 million
Transcendent Group’s Board of Directors has recommended the shareholders to accept the offer.
For more information, please visit https://news.cision.com/se/fcg-holding-sverige-ab
Press release
Based on the overall financial targets, as well as the short-term and long-term objectives for the group, the Board has decided on the following dividend policy for the parent company;
As previously announced, Transcendent Group AB (publ) (”Transcendent Group”) has applied for delisting of the Transcendent Group share from Nasdaq First North Premier Growth Market in the light of FCG Holding Sverige AB owning over 90 percent of the shares and votes in Transcendent Group. Nasdaq First North Premier Growth Market has approved Transcendent Group’s application for delisting and the last day of trading was 5 August 2022, hence no financial report will published going forward.
Transcendent Group is scheduling the AGM at the following date:
31 May 2022 Annual General Meeting, in Stockholm. Shareholders wishing to have an issue discussed at the Annual General Meeting are welcome to submit a written request to that effect no later than 15 April, to charlotte.elsnitz@transcendentgroup.com.
CEO Transcendent Group AB
lars.vold-andersen@transcendentgroup.com
+47 9 927 11 70
CFO Transcendent Group AB
charlotte.elsnitz@transcendentgroup.com
+46 73 82 280 40
Aktieinvest FK AB
Berzelii Park 9
111 47 Stockholm, Sweden
073-949 62 50
rutger.ahlerup@aktieinvest.se
Transcendent Group is a Swedish public limited liability company. Prior to the listing on Nasdaq First North Premier Growth Market, corporate governance in the Company was based on Swedish laws and regulations, the Company’s article of associations as well as internal rules and instructions.
As a company listed on Nasdaq First North Premier Growth Market, the Company will apply the Swedish Corporate Governance Code hereafter referred to as “the Code”. The Code is based on the principle “comply or explain”.
The company will comply with the Nasdaq First North Rulebook, as well as other Swedish and foreign laws and regulations, the company’s articles of associations as well as its internal rules and instruction.
Member of the board and chairman since 2022.
Martin started his career with EY working as an auditor focusing on IT-security. Since 2003 employed within Transcendent Group working primarily with IT-security related assignments. Between 2010 and 2022 CEO for Transcendent Group AB.
Born: 1973
Education: Master of Science, Computer and Information systems, University of Stockholm.
Other assignments: –
Shareholding: 1 497 945 shares owned through company and privately.
Independent in relation to the company and management: No
Independent in relation to major shareholders: No
Member of the board since 2018.
Sigrun has previously worked for 20 years at Ericsson in several senior roles, including CEO of Ericsson Components AB. After her time at Ericsson, she was one of the founders of the Venture Capital company, Brainheart Capital HB. Sigrun has, since 2010, mostly dedicated herself to board assignments.
Born: 1956
Education: Degree in Engineering, Technical Physics and Technology Licentiate, Applied Physics at the Royal Institute of Technology.
Other assignments: Chairman of the board at Teqnion AB. Member of the board at Addnode Group AB, Eolus Vind AB and Ragnsellföretagen AB.
Shareholding: 5 000 shares
Independent in relation to the company and management: Yes
Independent in relation to major shareholders: Yes
Member of the board since 2018.
Ingrid started her career with Proffice. She then joined NGS Group in 2008 and took the role as CEO in 2010.
Born: 1968
Education: Degree in Business Administration, Lund University
Other assignments: CEO of NGS Group AB. Member and Chairman of the board in Source Executive Recruitment AB, Human Capital Group HCG AB, Nurse Partner Scandinavia AB.
Shareholding: 5 000 shares
Independent in relation to the company and management: Yes
Independent in relation to major shareholders: Yes
Member of the board since 2015.
Magnus has worked as a consultant within IT since 1996. He is today the CEO of the consulting company Solidify. Magnus was one of the four founders of Transcendent Group.
Born: 1971
Education: Master of Science in Computer Science, University of Colorado.
Other assignments: Member of the board and CEO of Solidify AB and Solidify Holding AB, member of the board at Koppslahyttan Holding AB, Solidify Denmark ApS, Solidify AS and Solidify Inc.
Shareholding: 912 996 shares owned through company.
Independent in relation to the company and management: No
Independent in relation to major shareholders: No
Member of the Board since 2021.
Jan has extensive experience from auditing and advisory services (Partner at KPMG and Deloitte) primarily within the financial sector.
Born: 1962
Education: Degree in Business Administration, Växjö University.
Other assignments: Member of the board in Hälsinglands sparbank, Roslagens sparbank, Bergslagens sparbank AB, Södra Dalarnas Sparbank AB and Svealand Risk & Compliance AB.
Previous assignments the last five years: Audit partner Deloitte until May 2019.
Shareholding: 326 300 shares, owned through company and privately.
Independent in relation to the company and management: Yes
Independent in relation to major shareholders: Yes
CEO of Transcendent Group AB since June 2022.
Born: 1980
Employed since: 2013
Education: Bachelor of Computer Science, Sør-Trøndelag University College, Master of Business Administration (MBA), University of Technology, Sydney.
Other assignments: –
Previous employer/assignments: CEO of Transcendent Group Norge AS, CEO of New Markets Transcendent Group, PWC.
CFO at Transcendent Group AB since 2020.
Born: 1969
Employed since: 2020
Education: Degree of Bachelor of Science with a major in Business Administration at Stockholm University.
Other assignments: Member of the board Transcendent Group Sverige AB, Member of the board Solhagens Samfällighetsförening.
Previous employer/assignments:
Swedbank (Head of Baltic Banking, CFO Baltic Banking), Finansinspektionen, KPMG.
CEO of Transcendent Group Sverige since 2018 and Transcendent Group Denmark since 2021.
Born: 1979
Employed since: 2010
Education: Master of Science in Business Administration at Linköping University/Lund University.
Other assignments: Member of the board AB E. Bohlins Maskiner, Anna B Inredning AB and MLB Invest AB.
Previous employer/assignments: PWC.
CEO of Transcendent Group Norge AS since 2022
Born: 1980
Employed since: 2013
Education: Master (Maîtrise en Économie & Finance), Université des Sciences Sociales, Toulouse.
Other assignments: –
Previous employer/assignments: Head of Department Risk & Compliance, Transcendent Group Norge AS, KPMG, DNB, Sparebank1.
Global Head of Cyber Security
Born: 1981
Employed since: 2015
Education: Master of Science in Telematics, Computer and Network Security, Norwegian University of Science and Technology.
Other assignments: –
Previous employer/assignments: EY.
Head of Audit & Governance
Born: 1977
Employed since: 2014
Education: Master of Science in International Business Administration (Lund University, University of Ottawa and Westfälische Wilhelms-Universität Münster).
Other assignments: Member of the board, MMK Automotive AB.
Previous employer/assignments: Deloitte, Telia Company, LearningWell.
The auditor’s role is to examine Transcendent Group’s annual reports and accounts as well as the administration of the board and the CEO. After each financial year, the auditor must submit an audit report to the Annual General Meeting.
The noted auditing firm KPMG AB (P.O. Box 362, 101 27 Stockholm) has been Transcendent Group’s auditors since the general meeting in 2018 and was re-elected at the Annual General meeting 2020 until the end of the Annual General Meeting in 2021. Mattias Johansson (authorized accountant and member of FAR) has been responsible for auditing since the general meeting in 2018.
The Board of Directors’ proposal for remuneration guidelines for Group executives is presented and subject for approval at the Annual General Meeting. The Board shall prepare a proposal for new guidelines at least every fourth year and submit to the Annual General Meeting. The latest guidelines were adopted by the Annual General Meeting 2020. The guidelines have been developed taking into account the new EU rules on shareholders’ rights that have been implemented through amendments to the Swedish Companies Act and the Swedish Corporate Governance Code.
Read the complete guidelines here: English / Swedish
The general meeting is Transcendent Group’s highest governing body in accordance with the Swedish Companies Act (2005:551). It is at the general meeting that the shareholders can exercise their influence in the company. The annual meetings will, under normal circumstances, be held in Stockholm where the Company has its headquarter.
The notice for the General Meeting will be made public on the Company’s webpage (https://transcendentgroup.com/investor-relations/#general-meetings) and published in Post- och Inrikes tidningar. An announcement that notice had been given will be published in a domestic newspaper.
The English version of the articles of association is an unofficial translation of the Swedish original and in case of any discrepancies between the Swedish version and the English translation, the Swedish version shall prevail.
§ 1 FÖRETAGSNAMN/ COMPANY NAME
Bolagets företagsnamn är Transcendent Group AB (publ).
The name of the company is Transcendent Group AB (publ).
§ 2 SÄTE/ HEADQUARTERS
Styrelsen skall ha sitt säte i Stockholms kommun.
The headquarters of the board of directors shall be in the municipality of Stockholm.
§ 3 VERKSAMHET/ BUSINESS ACTIVITIES
Föremålet för bolagets verksamhet är att, direkt eller indirekt via hel- eller delägda företag, bedriva konsultverksamhet gentemot myndigheter, företag och organisationer inom verksamhetsstyrning, riskhantering, riskkontroll samt regelefterlevnad, äga och förvalta aktier och fastigheter samt därmed förenlig verksamhet.
The business activities of the company shall be to, directly or indirectly, through wholly or partly owned companies, provide consultancy services to authorities, companies and organizations in the field of operations management, risk management, risk control and compliance, own and manage shares and real estate and to conduct activities related thereto.
§ 4 AKTIEKAPITAL/ SHARE CAPITAL
Aktiekapitalet skall vara lägst 500 000 kronor och högst 2 000 000 kronor.
The share capital shall be not less than SEK 500 000 and not more than SEK 2 000 000.
§ 5 ANTAL AKTIER/ NUMBER OF SHARES
Antalet aktier skall vara lägst 5 000 000 stycken och högst 20 000 000 stycken.
The number of shares shall be not less than 5 000 000 and not more than 20 000 000.
§ 6 STYRELSEN/ BOARD OF DIRECTORS
Styrelsen skall bestå av lägst 3 och högst 8 styrelseledamöter, utan styrelsesuppleanter. Styrelseledamöterna väljs årligen på årsstämma för tiden intill slutet av nästa årsstämma.
The board of directors shall be made up of a minimum of 3 and a maximum of 8 board members, without deputy directors. The board members are elected annually at the annual general meeting for the period until the end of the next annual general meeting.
§ 7 REVISORER/ AUDITORS
Bolaget ska ha 1-2 revisorer med högst 2 revisorssuppleanter eller ett registrerat revisionsbolag.
The company shall have 1-2 auditors and not more than 2 alternate auditors or a registered audit firm.
§ 8 KALLELSE/ NOTICE
Kallelse till bolagsstämma ska ske genom annonsering i Post- och Inrikes Tidningar och genom att kallelsen hålls tillgänglig på Bolagets webbplats. Samtidigt som kallelse sker ska Bolaget genom annonsering i Svenska Dagbladet upplysa om att kallelse har skett.
Notice to attend a general meeting shall take place through an announcement in the Official Swedish Gazette and by making the notice to attend available on the company’s website. Concurrently with issuance of notice to attend, the company shall announce, in Svenska Dagbladet that notice to attend has taken place.
Rätt att delta i stämman har sådana aktieägare som anmält sig hos bolaget senast den dag och tidpunkt som anges i kallelsen till stämman. Denna dag får inte vara söndag, annan allmän helgdag, lördag, midsommarafton, julafton eller nyårsafton och inte infalla tidigare än femte vardagen före stämman.
The right to participate at general meetings shall vest in any shareholder who has notified the company thereof not later than the date specified in the notice to attend the general meeting. Such a date may not be a Sunday, other public holiday, Saturday, Midsummer Eve, Christmas Eve or New Year’s Eve and may not occur earlier than the fifth weekday prior to the general meeting.
§ 9 ÄRENDEN PÅ ÅRSSTÄMMAN / MATTERS FOR THE ANNUAL GENERAL MEETING
På årsstämman skall följande ärenden behandlas.
The following matters shall be addressed at the annual general meeting.
1. Val av ordförande.
Election of chairman.
2. Upprättande och godkännande av röstlängd.
Preparation and approval of the voting register.
3. Val av en eller två justeringsmän.
Election of one or two persons to attest the minutes.
4. Prövande av om stämman blivit behörigen sammankallad.
Determination of whether the meeting was duly convened.
5. Godkännande av dagordning.
Approval of the agenda.
6. Framläggande av årsredovisningen och revisionsberättelsen samt, i förekommande fall, koncenredovisningen och koncernrevisionsberättelsen.
Presentation of the annual report and auditor’s report and, if applicable, the consolidated accounts and the auditor’s report on the group.
7. Beslut om följande:
Resolution regarding the following:
a) fastställande av resultaträkningen och balansräkningen samt, i förekommande fall koncernresultaträkningen och koncernbalansräkningen;
adoption of the income statement and the balance sheet and, if applicable, the consolidated income statement and the consolidated balance sheet;
b) dispositioner beträffande aktiebolagets vinst eller förlust enligt den fastställda balansräkningen;
allocation of the company’s profit or loss according to the adopted balance sheet;
c) ansvarsfrihet åt styrelseledamöterna och verkställande direktören.
discharge from liability for board members and the managing director.
8. Fastställande av arvoden till styrelsen och till revisorerna.
Determination of fees for the board of directors and the auditors.
9. Val till styrelsen och av revisorer.
Election of the board of directors and auditors.
10. Annat ärende, som skall tas upp på stämman enligt aktiebolagslagen (2005:551) eller bolagsordningen.
Any other matter to be addressed at the meeting according to the Swedish Companies Act (2005:551) or the articles of association.
§ 10 RÄKENSKAPSÅR/ FINANCIAL YEAR
Bolagets räkenskapsår skall vara 1 januari- 31 december.
The company’s financial year shall be January 1 – December 31.
§ 11 AVSTÄMNINGSFÖRBEHÅLL / RECORD DAY
Bolagets aktier ska vara registrerade i ett avstämningsregister enligt lagen (1998:1479) värdepapperscentraler och kontoföring av finansiella instrument.
The company’s shares shall be registered in a CSD register (central securities depository) pursuant to the Central Securities Depositories and Financial Instruments (Accounts) Act (SFS 1998:1479).
§ 12 FULLMAKTSINSAMLING, POSTRÖSTNING OCH UTOMSTÅENDES NÄRVARO VID BOLAGSSTÄMMA / PROXY COLLECTION, POSTAL VOTING AND PRESENCE OF THIRD PARTIES AT GENERAL MEETING
Styrelsen får samla in fullmakter enligt det förfarande som anges i 7 kap. 4 § andra stycket aktiebolagslagen.
The board of directors may collect power of attorneys in accordance with the procedure specified in Chapter 7, Section 4, second paragraph, of the Swedish Companies Act.
Styrelsen får inför en bolagsstämma besluta att aktieägarna skall kunna utöva sin röst per post före bolagsstämman enligt det förfarande som anges i 7 kap. 4 a § aktiebolagslagen.
Prior to a general meeting, the board of directors may decide that the shareholders shall be able to exercise their vote by post before the general meeting in accordance with the procedure specified in Chapter 7, Section 4 a of the Swedish Companies Act.
Den som inte är aktieägare i bolaget ska ha rätt att på de villkor som styrelsen bestämmer närvara eller på annat sätt följa förhandlingarna vid bolagsstämma.
Anyone who is not a shareholder in the company shall have the right to attend or otherwise follow the negotiations at a general meeting on the terms determined by the board of directors.
The Board of Directors has decided to establish a risk and audit committee consisting of the following members;
The committee shall advise and support the Board of Directors, prepare and have oversight of issues regarding compliance, efficiency of steering and internal control and accounting principles. In addition the committee shall manage and evaluate the external auditors questions and reports, current and future capital and liquidity situation and quality assure the risk management, steering and internal control of the company and the group.
Nomination committee appointed ahead of the Annual General Meeting 2022
The Annual General Meeting 2021 (25 May, 2021) of Transcendent Group resolved to instruct the chairman of the Board of Directors to contact the four largest registered shareholders listed in the Transcendent Group’s share register kept by Euroclear Sweden as of 31 August, each of which shall appoint a representative who is not a member of the Board of Directors of the Company, to constitute the Nomination Committee ahead of the Annual General Meeting 2022. The chairman of the Nomination Committee shall represent the largest shareholder, as regards votes. The chairman of the Board of Directors of Transcendent Group shall be present at the meetings of the Nomination Committee, but shall not be a member of the Nomination Committee.
The Nomination Committee shall draw up proposals for presentation to and decision by the Annual General Meeting 2022 regarding:
After discussions with the four largest shareholders the following representation has been decided by each shareholder
Shareholders are welcome to submit proposals to the Nomination Committee no later than 1 March, 2022 via e-mail to valberedning@transcendentgroup.com or to the chairman of the Nomination Committee, Marek Rydén, at marek_ryden@hotmail.com. The proposals of the Nomination Committee will be presented in the invitation to the Annual General Meeting 2022 and at the website of Transcendent Group.
For further information, please contact:
Charlotte Elsnitz, CFO Transcendent Group
+ 46 738 22 80 40
charlotte.elsnitz@transcendentgroup.com