Alimak Group AB is a Swedish public limited liability company. Prior to the listing on Nasdaq Stockholm in June 2015, the corporate governance of the Company was based on Swedish law and internal rules and guidelines.
Once listed on Nasdaq Stockholm, the Company also complies with Nasdaq Stockholm’s Rule Book for Issuers and the Code. The Code applies to all Swedish companies whose shares are listed on a regulated market in Sweden and is to be fully applied from the date of the first annual general meeting held the year after listing. Companies are not obligated to apply every rule in the Code, but are allowed the freedom to choose alternative solutions which fit better to their particular circumstances, provided they report every deviation, describe the alternative solution and explain the reasons for the deviation in their annual corporate governance reports (the “comply or explain” principle).
The Company applies the Code from the time of the listing of its shares on Nasdaq Stockholm in June 2015. Any deviation from the Code will be reported in the Company’s corporate governance report, which will be prepared for the first time for the 2015 financial year. However, in the first corporate governance report, the Company is not required to explain non-compliance with such rules that have not been relevant during the period covered by the corporate governance report. Currently, the Company does not expect to report any deviations from the Code in the corporate governance report.