NCC's Articles of Association Detail Operations and Governance
Construction company NCC has published its Articles of Association, outlining its broad operational scope from construction and materials manufacturing to real estate operations.
Construction company NCC's Articles of Association, made public through its investor relations portal, clearly define the scope of the company's operations and its governance framework.
The company's official name is NCC Aktiebolag, and it is registered as a public limited company (publ) with its registered office in Solna, Stockholm County, Sweden.
NCC's business objects encompass a wide range of activities, including contracting in the construction industry, manufacturing and selling building materials and wastewater treatment equipment, capital management, acquiring and managing real estate, real estate trading, transport operations, and industrial engineering. The company may also engage in these activities indirectly through subsidiaries and provide group-wide services like staff support.
The Articles of Association also specify the minimum and maximum share capital, as well as the number of shares. Shares are issued in two series, A and B, with Series A shares carrying ten votes and Series B shares carrying one vote each. Provisions for conversion between Series A and Series B shares are also detailed.
The company's fiscal year runs from January 1 to December 31. The Articles also specify procedures for convening General Meetings of Shareholders, the composition of the Board of Directors, and the election of auditors.