Sivers Semiconductors Cancels Upcoming Extraordinary General Meeting
KISTA, Sweden — Sivers Semiconductors, a leading innovator in photonics and wireless solutions, has made a significant decision by canceling the Extraordinary General Meeting (EGM) that was originally set for December 15, 2025. This cancellation comes after a notification from Achilles Capital AB, which withdrew its request for the EGM.
Reason Behind the Cancellation
The cancellation of the meeting was influenced by a previous communication from Sivers to Achilles, which occurred on November 17, 2025. In that correspondence, Sivers indicated to Achilles that it failed to meet the necessary 10% ownership threshold required for convening such a meeting.
Ownership Requirement Not Met
Despite the request for the EGM, Achilles did not furnish proof to demonstrate it had achieved the required ownership percentage. This lack of compliance with ownership rules played a crucial role in the Board's decision-making process concerning the meeting.
Support from Shareholders
Another aspect contributing to the Board's decision was the response from the Nomination Committee. Excluding Jörgen Durban, who was appointed by Achilles, the committee did not endorse the changes proposed by Achilles. This was further reinforced by significant support from shareholders for the committee's stance.
Conclusion of the Meeting
Given that Achilles has now formally withdrawn its request, the Board has determined that there is no longer a reason to proceed with the Extraordinary General Meeting. Consequently, shareholders need not take any further action regarding this meeting.
About Sivers Semiconductors
Sivers Semiconductors stands as a pivotal player in promoting a more sustainable data economy through its energy-efficient technologies in photonics and wireless solutions. The company specializes in high-precision laser and RF beamforming technologies, addressing critical performance challenges for clients in sectors like AI data centers, SATCOM, defense, and telecommunications, all while aiming to reduce environmental footprints.
Contact Information
Heine Thorsgaard
CFO and Head of Investor Relations
For further inquiries, you may reach out via email at Sivers Semiconductors’ investor relations.
Frequently Asked Questions
What led to the cancellation of the Extraordinary General Meeting?
The cancellation was due to the withdrawal of the request by Achilles Capital AB, who did not meet the ownership requirements necessary for the meeting.
How did the Board respond to Achilles' proposed changes?
The Board did not support the proposed changes from Achilles, and there was considerable backing from shareholders for the Nomination Committee's position against these changes.
What are the implications of not holding the meeting?
With the meeting's cancellation, shareholders are not required to take any further actions or make decisions regarding the obtained agenda, simplifying the current situation for them.
What is Sivers Semiconductors known for?
Sivers Semiconductors is recognized for its advanced photonics and wireless technologies, providing solutions that enhance performance while promoting a greener data economy.
How can I contact Sivers Semiconductors?
Contact can be made through their investor relations email or their official website for more information regarding the company's operations and future strategies.
