KEO Aggregator LP (“KEO”), which holds approximately 40 percent of the shares in Maha Capital AB (publ) (“Maha”), has notified the board of directors of Maha that KEO is withdrawing its proposal to amend the articles of association. The proposal was listed as item 15 on the agenda for the annual general meeting on 26 May 2026.
The proposal primarily entailed the introduction of special majority requirements for certain board and general meeting resolutions, as well as amendments to the provisions on board composition. In a statement, the Swedish Securities Council (Sw. Aktiemarknadsnämnden) has concluded that the proposed amendments are not consistent with good practice in the Swedish stock market. In light of the Council’s assessment, and following a constructive dialogue with the board of directors of Maha, KEO has decided to withdraw the proposal.