Instalco AB announced that due to a change in the ownership structure of Instalco, Handelsbanken Fonder is no longer represented on the nomination committee and its position has been taken over by Riikantorppa Oy. Reportedly, in accordance with instructions adopted at the general meeting for Instalco that was held on 8 May 2019, the nomination committee shall consist of the chairman of the board of directors and three members representing the three large shareholders of the company in terms of the number of votes that they control. If any of these shareholders declines their right to appoint a member, the option will go to the shareholder with the next large holding in terms of votes that they control. Also, if a shareholder, who has appointed a member, no longer has status as one of the three large shareholders of the company, the member of the committee appointed by that shareholder must resign and a new member shall be appointed in accordingly. Members of Instalco's election committee, prior to the 2020 AGM, are Krister Hansen, appointed by Per Sjöstrand; Magnus Skåninger, appointed by Swedbank Robur Fonder; Ingeborg Åkermarck, appointed by Riikantorppa Oy and Olof Ehrlén, chairman of the board. The company's Annual General Meeting will be held in Stockholm on 7 May 2020.