Om Numisbing / About Numisbing

About Numisbing

Introduction to Numisbing

Numisbing is a leading numismatics business in the Middle East Region with a market share close to 75%. Numisbing is seeking admission to Nasdaq First North to raise the Company’s public profile. Currently, there are few quoted companies specialising in the niche business of trading and investing in rare and antique coins or other rare collectibles. Investment interest in such coins has increased over recent years, and stock market investors are seeking more diverse investment portfolios.

Overview

The principal business activities of the Company is trade in collectibles, investments and auctions in collectibles such as numismatic, philatelic, valuable arts and antiquities.

The Company does also trade in support products, including but not limited to supplies and publications, providing grading services by own or through third party, providing consultancy services in the related field and conducting and supporting related exhibition and events.

The Company employs a team of professional numismatic collectors specialising in Arabic and Indian banknotes, coins and stamps.

Numisbing is selling exclusively to top clients, (B2C), who are mostly high end collectors and high net worth individuals. An approximate half of the Company’s clients are coming from the middle East region, a rough twenty percent from the Indian continent and a thirty percent from the rest of the world.

Numisbing’s suppliers are prestigious worldwide auction houses in London and the US such as Spink & Son’s, Baldwin’s, London Coins, Stacks Bowers, Heritage Auctions, and Lyn Knight Auctions.

Background

Numisbing AB (publ) was founded in 2019 under the name Kommstart 2420 AB and Numisbing Limited was shortly after acquired as a wholly owned subsidiary (the Subsidiary). Numisbing Limited is registered with the Ras Al Khaimah International.

Corporate Centre (RAKICC) in the United Arab Emirates, as an Offshore Company under registration number ICC 20172004 on December 7, 2017.

During the financial year 2017, the directors decided to re-domicile the Company from the British Virgin Island to the Territory of United Arab Emirates along with a shareholding change of some of the shareholders’ shares. This process was completed on 7 December, 2017 and the Company got registered with the Ras Al Khaimah International Corporate Centre (RAKICC), United Arab Emirates, as an International Business Company under registration number ICC 20172004.

The re-domiciled Company is authorised to issue a maximum of 50,000,000 ordinary shares of a single class with USD 0.01 par value. The management has passed resolutions for issuing share capital of USD 356,919/-divided into 35,691,760 shares of USD 0.01/-each, legalised on January 18, 2018. The registered office of the Company is 106, Al Nayeli Building, Hor Al Anz East, Dubai, PO Box 94895, United Arab Emirates.

Development and growth

Since its inception in 2012, Numisbing has grown into a leading Numismatics business in the Middle East Region with a market share close to 75% (as per Numisbing Management).

 

  • Trading of Numismatic assets started as a hobby by the Founder and Director of Numisbing Mr. Ramkumar.

Corporate Structure

  • On July 2012, Numisbing was incorporated in the British Virgin Islands (BVI) and during the same year on October in Dubai as a subsidiary. By December 2017, the BVI company was de- domiciled and was incorporated in RAK offshore based on management decision.
  • In 2013, Numisbing started trading in Arts and was continuing to do so until mid of 2018. After that a separate legal entity was incorporated under the name “71Arts”
  • In 2014, Numisbing introduced a new product to the market called “Dates on Notes” with the end goal of tapping into a broader category of stakeholders than just the collectors.
  • In 2015, Numisbing ventured into providing its own grading services on numismatic assets and this led to the formation of separate legal entity – Professional Grading Authentication (PGA) in India and later in 2017 a subsidiary in Dubai.
  • In 2016, Numismatics Stationary called “CONOST” brand was introduced as a new product to cater to the needs of numismatic stakeholders.
  • On December 2017, Numisbing formed a close ended Collectibles Fund with a maturity date as of August 2022. The Fund Administrator is said to be Aria Capital Magt Ltd Cayman Islands and the Investment Advisor be Numisbing LLC Dubai, UAE.

Goals and Assignments

Mission

Numisbing’s mission is to contribute to the knowledge and education of Asian/Eastern banknotes, coins and medals. The management strives to helping collectors meet their goals thus becoming one of the most recognised numismatic brands.

Vision

Numisbing’s vision is to become one of the most recognised numismatic brands worldwide.

Financial targets

Growth target
On the current run rate the Company will reach about USD 7.5 M in revenues by year end 2019, and USD 29 M by year end 2023. This is a growth of 22% CAGR1 over a period of December 31, 2018 to December 31, 2028. The cash flows are projected for a period of ten years and thereafter the growth is expected to be 1.5% for the calculation of terminal value. The Weighted Average Cost of Capital (WACC) applied is 17% which is calculated based on Capital Asset Pricing Model. The intrinsic value of 71Arts is estimated to be USD 8.3 million.

Dividend policy
Profits are likely to be reinvested in the business during the growth phase over the coming years. Surplus cash will primarily be used to further fuel growth. Numisbing’s board of directors does not expect a cash dividend to be distributed to the shareholders in the next three years. Thereafter, the board of directors will review the dividend policy. Numisbing has not paid any dividends during the last years.

Operations

Marketing
Numisbing has build a web following through its own site and on coin-related sites and blogs, but does also advertise in traditional coin and collector magazines. The Company attends regularly coin shows and makes valuable and significant contacts. Numisbing is stay abreast of upcoming coin shows and events through the Numismatic associations and other coin collector organisations.

Market positioning: Competitive advantages

The values the Company offers compared to competition are as follows:

  • A highly knowledgable management, particular experts in Middle East-Indian coins and bank notes.
  • An engaged and service minded sales team of employees
  • Outstanding, long business relation with prestigious suppliers worldwide.
  • An impressive customer file of high end profile clients.
  • A reputable name in the numismatic world
  • Satisfied clients who have become loyal to the Company.

The Company operates its general administration, accounting, customer support and certain sales functions in Ras Al Khaimah, U.A.E. due to the country’s favourable tax regime.

Principal investments
The Company’s principal investments are focused in Numismatics. In the year 2017, a total of USD 1.43M was transferred to a newly formed Collectables Fund Segregated portfolio, as closed ended fund based in the Cayman Islands, and received 14,300 fund units each at USD 100. The same amount has been distributed as dividend to the shareholders of

Numisbing as on 29 December 2017. Currently the Investments held in Numisbing is worth USD 500,000.

Focused markets

The Company is currently operating in Ras Al Khaimah, U.A.E. but as a next step is planning to expand and establish operations in Europe.

Numisbing is also considering expanding its operations by acquisitions and is looking for target companies that could benefit from improving the performance as a value-creating acquisition strategy. Further on, the Company is looking to accelerate its market access by acquiring suitable targets.

Offering

Numisbing ventured in 2015 into providing its own grading services on numismatic assets and this led to the formation of separate legal entity now based in Dubai.

Numisbing offers consultancy services in the related field and conducts and supports related exhibition and events.

Company organisation

Human resources quality staff

Share capital and ownership

The following information about shares in Numisbing AB (publ), owner relationships, trade, and significant agreements should be read alongside the rest of the section detailing the Company.

General information regarding the shares

Numisbing’s main market segments are a Consumer Based service (B2C) and trade in collectibles, investments and auctions in collectibles such as numismatic, philatelic, valuable arts and antiquities.

Shares and share capital

As of the date of this Memorandum, the Company has 36 112 210 shares issued and outstanding, all of the Company’s shares have been fully paid. As of the date of this Information Memorandum the Company’s share capital is SEK 36 112 210, the pair value of each share is SEK 1.00. According to the Company’s articles of association, the Company’s maximum number of shares is 30,000,000 and maximum share capital is SEK 120,000,000.

Development of share capital

Numisbing AB (publ) [#559196-1908] was registered under the name Kommstart 2420 AB on 22 February 2019 with a share capital of SEK 50,000 and 500 shares. Today, the Company has a share capital of SEK 36,112,210.00 and 36,112,210 shares (see table below).

Ownership structure

The table below shows Numisbing’s ownership structure as of 5 April 2019.

År Transaction Change of share capital in SEK Change of number of shares Par value Total share capital in SEK Total number of shares
2019 Formation 50 000,00 500 100,00 50 000,00 1 000
2019 Share Splitt 0,00 49 500 1,00 50 000,00 50 000
2019 Issue 450 000,00 450 000 1,00 500 000,00 500 000
2019 Offsetting 35 612 210,00 35 612 219 1,00 36 112 210,00 36 112 210
Shareholder Number of shares Share of capital Votes
Ramkumar Sarangapani 22,329,595 61,83% 62,79%
Steve Nonath Desouza 3,381,383 9,36% 9,54%
Abdullah Sail M Alanizi 2 767 920 7,66% 7,81%
Ramesh Chandrasekaran 1,622,647 4,49% 4,55%
Malini Hari 1 400 702 3,88% 3,95%
Mahalakshmi Sankaran 1,352,434 3,75% 3,33%
Arunkumar Sarangapani 829,730 2,30% 2,04%
Venkateswaran Ramani 785,143 2,17% 1,93%
Anthony Godinho 444,618 1,23% 1,09%
Arithmos Capital 420,450 1,16% 1,04%
Prakash Gopalakrishnan 399,577 1,11% 0,98%
Sanjay Tolani 378,011 1,05% 0,93%

Trading venue

The shares in Numisbing are unlisted today and have not been subject to unofficial trading. The Company aims to seek listing on an appropriate MTF list as soon as a desirable ownership distribution has been reached.

Shareholders in Numisbing can sell their shares in the Company (or buy more) as soon as the Company is listed at a market in summer 2019.

Dilution in terms of shareholding

Numisbing has as at the date of this Information Memorandum no outstanding convertible or exchangeable securities or other financial instruments, which would if they were exercised; imply a dilutive effect for the shareholders of the Company. However, the Company’s board of directors will subsequent the listing evaluate different alternatives in relation to incentive programs.

Shareholders’ register

The Company shall maintain a shareholders’ register in which the names and addresses of the owners and usufructuaries of registered shares shall be entered.

Each shareholder may at any time request from the Company a certification of the shares owned by him/ her but have no right to request the printing and delivery of certificates for registered shares. The rights of shareholders whose shares are registered in a securities register in accordance with the Swedish Financial Instruments Accounts Act shall be determined in accordance with Swedish law and registered in a securities register pursuant to Swedish law. Hence, shareholders with shares held through Euroclear can exercise their rights only in accordance with Swedish law.

Notice of shareholders’ meetings and shareholder initiatives

Agreement pertaining to shares and capital

Shareholder agreement:
As far as the board is aware, there are no shareholder contracts or agreements that purport to give shareholders common influence over the Company, nor are there other corresponding contracts that could come to shift control of the Company.

Lock-up agreement:
There is an agreement that the principal owner shall not divest any shares within 12 months’ time (a so- called ‘lock-up agreement’).

Pre-emption and redemption agreements:
There are no pre-emption or redemption agreements between larger shareholders.

Convertibles and options:
There are no convertible debentures or options in the Company, but a convertible debenture is planned in order for the principal owner to be able to convert their claim in the company to shares.

Swedish Board of directors and auditor

Numisbing’s board consists of four ordinary members, including one chairman, and no deputies, all of whom are elected for the period up to the end of the 2020 AGM. There is also an external CEO who is attached to the board.

  • Rankumar Saragapani, Chairman and member of the board
  • Scott Millar, member of the board
  • Agneta Berliner, member of the board
  • Anthony Godinho, member of the board
  • Lars Wolf, external CEO

Other information

No board member or person within management has any family ties to other board members or individuals within management. No member or individual in management has any private interests that conflict with the Company’s.

 The table below outlines the board’s members.

Name Function Born Elected Depending owner Independent of Company and management
Ramkumar Sarangapani Chairman 1979 2019 Yes No
Anthony Godinho Member 1976 2019 No No
Scott Millar Member 1979 2019 No Yes
Agneta Berliner Deputy 1958 2019 No Yes

 

Ramkumar Sarangapani
Born 1979, Founder & Chairman of the Board since 2019

Ramkumar is a finance graduate, heading finance department of various corporate companies in past 15 years. As a professional numismatist and a banknote collector for two decades, he founded Numisbing Limited in 2012 and is currently the chairman of the company. Ramkumar is holding membership in 25+ Numismatic societies around the world and is an acting president of International Bank Note Society (IBNS), Dubai Chapter. He has done lot of research in the field of numismatics, he published several research articles in leading numismatic journal and won few awards for his contribution to this field. He is currently holding 5 Guinness world records and eager to add more in future.

Shareholdings in the Company: 22,801,841 of which 352,500 are A-shares, with family members.

Anthony Godinho
Born 1976, Director of the Board since 2019

Godinho is a Portuguese national and Commerce graduate, currently heading Marketing department in a leading IT group, is a collector and an expert in Numismatics for more than 20 years. He is taking care of Sales and Marketing for Numisbing since 2012. He has been a member of several Numismatic groups and currently acting as a Treasurer of the International Bank Note Society.Shareholdings in the Company: 2,767,920 of which 45,000 are A-share.

Shareholdings in the Company: 444,618 B-shares.

Scott Millar
Born 1979, Director of the Board since 2019

Scott is currently heading BlockSettle and is well experienced in IT as well as in Blockchain technology. Has experience of board of directors work and from building up new organisations. Financial engineering is one of the most complicated sectors to understand, as it combines the complexity of financial markets with the innovation that technology enables. Developing an understanding of how to manage business development in this developing landscape is an area that challenges Scott. He resides in the province of Scania in Sweden.

He has a Master of Science from Lund University in Business and Economics.

Shareholdings in the Company: 20,445 B-shares.

Agneta Berliner
Born 1958, Director of the Board since 2019

Agneta is currently heading ABB Industrigymnasium. She has long experience in developing knowledge organisations by leading and enthusiastic employees and colleagues. Agneta has been focused on businesses in change and growth. The experience that exists within business development has taken place in roles as board member and as chairman, CEO, operations manager and as external consultant. She has international experience and contact areas. Most recently, Agneta has bean a manager for the Chamber of Commerce in Västerås. She has long experience as CEO and project manager at a number of advertising and marketing agencies. Agneta Berliner resides in the province of Scania in Sweden.

She has a degree in law from Lund University.

Shareholdings in the Company: 20,559 B-shares, with family members.

Auditor

Pursuant to the Company’s articles of association, one or more natural persons or legal entities or partnerships may be elected as auditors.

Ludvig Kollberg, Moore Stephens KLN AB
Born 1985, Authorised Public Accountant and Partner

Moore Stephens is among the 10 largest in terms of sales, by far Sweden’s youngest brand in auditing & consulting industry with more than 140 employees offices in Stockholm, Gothenburg and Malmö.

Ludvig.Kollberg@moorestephens.se
Lilla Bommen 4A, SE-41104 Gothenburg

Other information

No board member or person within management has any family ties to other board members or individuals within management. No member or individual in management has any private interests that conflict with the Company’s.

Management and wholly owned subsidiary in Dubai

This section contains selected information regarding senior as well as local management. As far as the board of directors is aware, there have not been any arrangements or understandings with major shareholders, clients, suppliers or others pursuant to which a senior management or auditor have been appointed or elected.

Senior management

Ramkumar Sarangapani
Founder & Chairman of the Board

Ramkumar is a finance graduate, heading finance department of various corporate companies in past 15 years. As a professional numismatist and a banknote collector for two decades, he founded Numisbing in 2012 and currently the chairman of the company. Ramkumar is holding membership in 25+ Numismatic societies around the world and an acting president of International Bank Note Society (IBNS), Dubai Chapter. He has done lot of research in the field of numismatics and published several research articles in leading numismatic journal and won few awards for his contribution to this field. He is currently holding 5 Guinness world records and eager to add more in future.

Shareholding in the company: 22,324,611 of which 352,500 are A-shares

Abdullah Alanizi
Chief Marketing Officer (CMO)

Abdullah is a MBA graduate with additional qualifications of CIA, CRMA, CFE and CISA. He is currently heading the Internal audit group in Saudi Telecom. He was working as senior manager in one of the leading financial group in Saudi Arabia for 8 years. Abdullah is a Numismatic collector since 2005 and having a very high reputation among the fellow collectors in the middle east region. He is a member of various Numismatic societies and very activity participating in the day to day activities of Numisbing.

Shareholding in the company: 2,767,920 of which 45,000 are A-shares

Steve Desouza
Chief Operating officer & Co-founder

Born and living in Dubai over 3 decades, worked in several key multinational firms in several industries. Over 15 years’ experience in the numismatic and art industry and focused mainly in the Middle East and upcoming artists within the region. Participated in several volunteer jobs related in UAE awareness in preserving Wild Life, Nature, Cultural history and traditional concepts. Active role in Numisbing highlighting in bringing UAE history a new blend in today’s ever changing environment. Steve is a Co-founder of Numisbing and acting Secretary of International Bank Note Society (IBNS), Dubai Chapter. He has presented papers on various topics related to Numismatics and member of more than 20 Numismatic societies.

Shareholding in the company: 3,381,383 of which 55,000 are A-shares

Ramesh Chandrasekaran
Head of Finance

Ramesh is a Finance graduate with more than 30 years of experience working in various multinational companies in diversified field. His major experience in managing multi millions in Investments companies, gives an additional comfort while managing Numisbing finances.

Shareholding in the company: 1,622,647 of which 25,000 are A-shares

Dr. Sanjay Tolani
Financial Advisor, Coach & Author

Sanjay, a resident of UAE since birth is the youngest life member of the Million Dollar Round Table (MDRT), with 11 top of the table qualifications which is considered the pinnacle of the financial services profession. A world renowned speaker and author of International best seller titled “28000 – Make Every Day Count”, plays and active role of advising Numisbing in numerous occasions. The Worlds First Mutual Fund for Collectibles, was created based on his advice, which gave us confidence in taking Numisbing to IPO.

He is a PhD holder with additional qualifications of BBA(FIN), MIB, FLMI, ACS, MAFB, AFSI, CFP.

Shareholding in the company: 378,011 shares

Bolagsordning / Memorandum of association

för Numisbing AB (publ)
Numisbing Corporation (publ) 559196-1908

§ 1

Bolagets firma Bolagets firma är Numisbing AB (publ) och på engelska språket Numisbing Corporation (publ).

Business name The company’s business name is Numisbing AB (publ) and in English Numisbing Corporation (publ).

§ 2

Styrelsens säte Bolagets styrelse har sitt säte i Stockholm, Stockholms län.

Registered office The registered office of the company shall be in Stockholm, Stockholm County.
§ 3

Bolagets verksamhet Bolagets ska äga och förvalta värdepapper samt annan egendom, såväl som att direkt eller indirekt inneha aktier eller andelar i svenska eller utländska företag: operativa inom mynthandel, antikviteter, guld och silver. Bolaget skall även kunna handla med handelsrättigheter och licensrättigheter inom råvarusektorn, samt att utföra koncern- administrativa tjänster, samt att bedriva därmed förenlig verksamhet.

Field of activity The company shall own and manage securities and other property, as well as by itself or by holding shares or participations in Swedish or foreign companies: operative within numismatic trade, antiques, gold and silver. The Company may also trade concessions and license rights in the commodities sector, conducting group administrative services, and to carry out other business and activities in relation therewith.

§ 4

Aktiekapital Aktiekapitalet utgör lägst 30.000.000 kronor och högst 120.000.000 kronor.

Share capital The share capital of the company shall be no less than 30,000,000 Swedish kronor and no more than 120.000,000 Swedish kronor.

§ 5

Antal aktier Antalet aktier ska vara lägst 30,000.000 och högst 120.000.000.

Number of shares The number of shares shall be no less than 30,000,000 and no more than 120,000,000.

§ 6

Aktieslag och röstvärde Aktierna ska kunna utges i två serier, betecknade serie A och serie B.
Aktier av serie A kan utges till ett antal motsvarande högst 100 procent av aktierna i bolaget och aktier av serie B till ett antal motsvarande högst 100 procent av aktierna i bolaget.

Classes of sharesShares may be issued in two series, Series A and Series B. Shares of Series A may be issued to a number corresponding to no more than 100 percent of the shares in the Company and Series B shares to a number corresponding to no more than 100 percent of the shares in the Company.

Aktie av serie A medför rätt till tio (10) röster samt aktie av serie B medför rätt till en (1) röst.

Shares of Series A entitles the holder to ten (10) votes and Series B shares entitle to one (1) vote.

Aktier av serie A och serie B berättigar till lika andel i bolagets tillgångar och vinst.

Shares of Series A and Series B entitle to equal share in the Company’s assets and profits.

Beslutar bolaget att genom kontantemission eller kvittnings-emission ge ut nya aktier av serie A och serie B, ska ägare av aktier av serie A och av serie B äga företrädesrätt att teckna nya aktier av samma aktieslag i förhållande till det antal aktier innehavaren förut äger (primär företrädesrätt). Aktier som inte tecknas med primär företrädesrätt ska erbjudas samtliga aktieägare till teckning (subsidiär företrädesrätt). Om inte de därvid erbjudna aktierna räcker för den teckning som sker med subsidiär företrädesrätt, ska aktierna fördelas mellan tecknarna i förhållande till det antal aktier de förut äger och i den mån detta inte kan ske, genom lottning.

If the Company decides to issue new Series A and Series B shares through Series A and Series B shares, Series A and Series B shares shall have preferential rights to subscribe for new shares of the same class in proportion to the number of shares the holder previously owns (Primary preferential right). Shares not subscribed for with primary preferential rights shall be offered to all shareholders for subscription (subsidiary preferential rights). Unless the shares offered therein are sufficient for the subscription that is made with subsidiary preferential rights, the shares shall be allocated among the subscribers in proportion to the number of shares they previously owned and insofar as this cannot be done by lottery.

Beslutar bolaget att genom kontantemission eller kvittnings-emission ge ut aktier endast av serie A eller serie B, ska samtliga aktieägare, oavsett om deras aktier är av serie A eller serie B äga företrädesrätt att teckna nya aktier i förhållande till det antal aktier de förut äger.

If the Company decides to issue shares of only Class A or Series B by cash issue or settlement issue, all shareholders, regardless of whether their Class A or Series B shares are entitled to subscribe for new shares in proportion to the number of shares they previously own.

Beslutar bolaget att genom kontantemission eller kvittnings-emission ge ut teckningsoptioner eller konvertibler, har aktieägarna företrädesrätt att teckna teckningsoptioner som om emissionen gällde de aktier som kan komma att nytecknas på grund av optionsrätten respektive företrädesrätt att teckna konvertibler som om emissionen gällde de aktier som konvertiblerna kan komma att bytas ut mot.

If the company decides to issue warrants or convertibles through a cash issue or a settlement issue, shareholders have the right to subscribe for warrants as if the issue concerns the shares that may be subscribed for as a consequence of the option right and preferential rights to subscribe for convertibles as if the issue relates to the shares that the convertibles may be replaced.

Vad som ovan sagts ska inte innebära någon inskränkning i möjligheten att fatta beslut om kontantemission eller kvittningsemission med avvikelse från aktieägarnas företrädesrätt.

What has been said above should not imply any restriction in the ability to make a decision on a cash issue or a settlement issue with the exception of shareholders’ pre-emptive rights.

Vid ökning av aktiekapitalet genom fondemission ska nya aktier av serie A och serie B emitteras av respektive aktieslag i förhållandet till det antal aktier av dessa slag som finns sedan tidigare. Därvid ska gamla aktier av visst aktieslag medföra rätt till nya aktier av samma aktieslag.

In the event of an increase in the share capital through a bonus issue, new shares of series A and series B shall be issued by the respective share classes in relation to the number of shares of these types existing previously. In that case, old shares of a certain class of shares shall entitle new shares of the same class.

§ 7

Omvandling av aktieslag A-aktie skall kunna omvandlas till B-aktie efter skriftlig framställning därom av ägare till sådan aktie hos bolagets styrelse. Därvid skall anges hur många aktier som önskas omvandlade och om omvandlingen inte avser vederbörandes hela aktieinnehav av A-aktier, vilket antal av dessa omvandlingen avser. Styrelsen för bolaget är skyldig att omgående behandla frågor om omvandling till B-aktier av de A-aktier, vars ägare framställt begäran om sådan omvandling. Omvandlingen skall utan dröjsmål anmälas för registrering.

Conversion of shareholdingsA shares can be converted into B-shares after written request by the owner of such shares in the company’s board. This shall state how many shares are asked to be converted and if the conversion does not concern the entire shareholding of A shares by the person concerned, the number of those conversions. The Board of Directors of the Company is obliged to promptly process conversion issues into Class B shares of the A Shares, whose owners made a request for such conversion. The conversion shall be reported without delay for registration.

§ 8
Styrelse Styrelsen ska bestå̊ av lägst en och högst tre styrelseledamöter med högst tre styrelsesuppleanter.

Board of directors The Board shall consist of a minimum of one and a maximum of three Board members with no more than three Deputy members.

§ 9
Revisorer Bolaget ska ha en eller två revisorer. Som revisor ska ett revisionsbolag kunna utses.

AuditorThe company shall have one or two auditors. As an accountant, an audit company could be appointed.

§ 10

Kallelse Kallelse till årsstämma samt till extra bolagsstämma där fråga om ändring av bolagsordningen kommer att behandlas ska utfärdas tidigast sex veckor och senast fyra veckor före stämman. Kallelse till annan extra bolagsstämma ska utfärdas tidigast sex och senast två veckor före stämman.

Notice of meetingNotice of an Annual General Meeting and of an Extraordinary General
Meeting in which an amendment to the Articles of Association will be considered shall be issued no earlier than six weeks and no later than four weeks before the meeting. Notice of an Extraordinary General Meeting shall be issued no earlier than six and no later than two weeks before the meeting.

Kallelse till bolagsstämma ska ske genom annonsering i Post- och Inrikes Tidningar, samt på bolagets webbplats och på särskild begäran med e- post. Samtidigt som kallelsen publiceras på webbplatsen ska annons i Dagens Industri informera om att bolagsstämma ska hållas. I annonsen ska det anges hur en aktieägare kan ta del av kallelsen på bolagets webbplats eller få den skickad till sig.

Notice of the Annual General Meeting shall be made by an announcement in Post- och Inrikes Tidningar, as well as on the company’s website and on special request by e-mail. At the same time as the notice is published on the website, advertisement in Dagens Industri will inform you that the Annual General Meeting will be held. The advertisement must specify how a shareholder can take part in the call on the company’s website or get it sent.

Aktieägare som vill delta i bolagsstämma ska dels vara upptagen som aktieägare i utskrift eller annan framställning av hela aktieboken avseende förhållandena fem vardagar före bolagsstämman, dels anmäla sitt deltagande till bolaget senast den dag som angetts 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.

Shareholders who wish to participate in a Shareholders General Meeting must be listed as shareholders in print or other presentation of the entire share book regarding the conditions five working days before the Shareholders General Meeting and, on the other hand, report their participation to the company by the date stated in the notice convening the meeting. This day may not be Sunday, other public holiday, Saturday, Midsummer, Christmas Eve or New Year’s Eve and not earlier than fifth weekday before the meeting.

Aktieägare eller ombud får vid bolagsstämma medföra ett eller två biträden, dock endast om aktieägaren anmält antalet biträden till bolaget enligt föregående stycke.

A shareholder or his representative may, at a shareholder’s general meeting, bring one or two assistants, however only if the shareholder notifies the company about the number of assistants in accordance with the preceding paragraph.
§ 11

Årsstämma Årsstämma ska hållas årligen före juni månads utgång.

Annual general meetingThe General Meeting shall be held annually before the end of June.

På årsstämman ska följande ärenden behandlas:

At the annual meeting the following matters shall be dealt with:

1.Val av ordförande vid stämman.

Election of chairman of the meeting.

2.Upprättande och godkännande av röstlängd.

Preparation and approval of voting list.

3.Godkännande av dagordning.
Approval of the agenda.

4.Val av en eller två justeringsmän.

Election of one or two persons to approve the minutes.

5.Prövning av om stämman blivit i behörig ordning sammankallad.

The question as to whether the meeting has been duly convened.

6.Framläggande av årsredovisning och revisionsberättelse samt koncernredovisning och koncernrevisionsberättelse.

Presentation of the annual report and auditor’s report and, if applicable, the group annual report and the group auditor’s report.

7.Beslut om:

Resolutions on:

a) fastställelse av resultaträkningen och balansräkningen samt koncernresultaträkningen och koncernbalans-räkningen;

approval of the profit and loss statement and balance sheet and, if applicable, the group profit and loss statement and the group balance sheet;

b) dispositioner beträffande bolagets vinst eller förlust enligt den fastställda balansräkningen;

allocations of the company’s profit or loss in accordance with the adopted balance sheet;

c) ansvarsfrihet för styrelseledamöter och verkställande direktör.

discharge from liability against the company for the members of the board of directors and, where applicable, the managing director.

d) Fastställande av antalet styrelseledamöter samt revisorer och eventuella revisorssuppleanter.

Resolution on the number of board members and deputy board members and, where applicable, auditors and deputy auditors.

e) Fastställande av arvoden åt styrelsen och revisorerna.

Resolution on fees for the board of directors and, where applicable, the auditors.

f) Val av styrelseledamöter och styrelseordförande samt revisorer och eventuella revisorssuppleanter.

Resolution on the number of board members and deputy board members and, where applicable, auditors and deputy auditors.

g) Fastställande av arvoden åt styrelsen och revisorerna.

Resolution on fees for the board of directors and, where applicable, the auditors.

h) Val av styrelseledamöter och styrelseordförande samt revisorer och eventuella revisorssuppleanter.

Election of the board of directors, chairperson, auditors and any deputy auditors.

i) Annat ärende, som ankommer på stämman enligt aktiebolagslagen eller bolagsordningen.

Any other matter to be dealt with at the general meeting under the articles of association or the Swedish Companies Act.

§ 12

Ort för stämma Bolagsstämma skall hållas i Stockholm, Göteborg, Malmö eller på den ort där styrelsen har sitt säte.

PlaceShareholders’ meetings shall be held in Stockholm, Gothenburg, Malmö, or at the place where the company has its registered office.

§ 13

RäkenskapsårBolagets räkenskapsår ska vara kalenderår.

Financial yearThe financial year of the company shall be the calendar year.

§ 14

AvstämningsförbehållBolagets aktier ska vara registrerade i ett avstämningsregister enligt lagen (1998:1479) om värdepapperscentraler och kontoföring av finansiella instrument.

Record day provisionThe Company’s shares shall be registered in a Central Securities Depository Account under the Swedish Central Securities Depository and Financial Instruments Accounts Act (1998: 1479).

Antagen på bolagsstämma den 29 March 2019

The English translation is not official and in case of any interpretation between the English translation and the Swedish languish, the Swedish languish will prevail

Moderbolaget / Parent company
Numisbing AB (publ)
Box 39
17821 EKERÖ
08- 560 325 50
www.numisbing.se
info@numisbing.se

Digital aktiebok innan notering / Digital share register before listing
Nordiska Värdepappersregistret, NVR
Besöksadress: Kungsportsavenyn 21
Postadress: Box 3116
400 10 GÖTEBORG
www.nvr.se
info@nvr.se

100 % ägt dotterbolag / subsidierades 100 % owned
Numisbing Ltd.
Al Maktoum Street, Deira
Dubai,
United Arab Emirates
+971 4 295 2578
www.numisbing.auction

Medlemsföretag hos Euroclear som ansluter bolagets aktie inför noteringen
Eminova Fondkommission AB
Biblioteksgatan 3, 3 tr.
111 46 STOCKHOLM
www.eminova.se
infor@eminova.se
08-684 211 00

Revisor / Auditor
Moore Stephens KLN AB
Besöksadress: Lilla Bommen 4A
SE-41104 Gothenburg,
+46 (0)31-739 13 00
Ludvig Kollberg, Authorised Public Accountant and Partner
Ludvig.Kollberg@moorestephens.se

Investor Relations
Delecta Financial Events AB
Långgatan 4, 27660 Skillinge
www.delecta.se
jan@delecta.se
0708-14 44 00

Rådgivare / Advisor
Big Ben Venture Partners Ltd.
Octagon Point, St Paul's
5 Cheapside
London, UK EC2V 6AA
United Kingdom
+44 (0)20 36 08 01 08
www.bigbenventure.com

2019 ©NUMISBING. PRODUCERAD AV ZENAP WEBBYRÅ