Temporarily increased number of shares and votes in Kinnevik
Kinnevik AB (publ) ("Kinnevik") today announced that as of 31 August 2020 the total number of shares in the company amounts to 556,242,088, and the total number of votes in the company amounts to 1,163,839,864.
On 19 August 2020 the Extraordinary General Meeting of Kinnevik resolved on an extraordinary cash value transfer of SEK 7,00 per share to its shareholders through a share redemption plan. The share redemption plan involves a share split (2:1) whereby each existing share in the company has been split into two new shares. The share split has resulted in that the number of shares in Kinnevik has increased by 278,121,044 shares during August 2020. The 278,121,044 new shares are redemption shares which will be redeemed as part of the share redemption plan. Thereafter the number of shares in Kinnevik will amount to 278,121,044, the same number of shares as prior to the share split. For further information regarding the share redemption plan please refer to Kinnevik’s website www.kinnevik.com under the heading ”General Meetings” (which can be found under the section ”Governance”).
As of 31 August 2020, the total number of shares in Kinnevik are divided into two classes of ordinary shares and eleven classes of incentive shares as follows:
- 67,510,864 ordinary shares of class A with ten votes each and 483,822,412 ordinary shares of class B with one vote each (of which Kinnevik holds 385,854 ordinary shares of class B in treasury), and
- 84,068 incentive shares of class D 2018, 200,344 incentive shares of class E 2018, 200,344 incentive shares of class F 2018, 594,516 incentive shares of class G 2018, 82,650 incentive shares of class D 2019, 232,650 incentive shares of class E 2019, 232,650 incentive shares of class F 2019, 843,990 incentive shares of class G 2019, 126,400 incentive shares of class C1 2020, 710,880 incentive shares of class C2 2020, and 1,600,320 incentive shares of class D 2020, with one vote each (of which Kinnevik holds 16,550 incentive shares of class C1 2020, 81,480 incentive shares of class C2 2020 and 248,730 incentive shares of class D 2020 in treasury).
This information is of such character, which Kinnevik AB (publ) shall disclose in accordance with the Financial Instruments Trading Act (Sw. lagen (1991:980) om handel med finansiella instrument). The information was distributed for disclosure, through the agency of the contact person set out below, at 08.00 CET on 31 August 2020.
For further information, visit www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to make people’s lives better by providing more and better choice. In partnership with talented founders and management teams we build challenger businesses that use disruptive technology to address material, everyday consumer needs. As active owners, we believe in delivering both shareholder and social value by building long-term sustainable businesses that contribute positively to society. We invest in Europe, with a focus on the Nordics, the US, and selectively in other markets. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
ZetaDisplay launches next generation global software platform25.11.2020 08:30:00 CET | Press release
Malmö - ZetaDisplay AB (publ) (Nasdaq Stockholm: ZETA) announces the launch of its next-generation software platform for proprietary, cloud-based content scheduling and distribution. The upgraded ZetaDisplay Engage will be implemented with immediate effect with the Group’s international customer base. “Despite the uncertainty in the market, we have continued to invest in our software and services offer during 2020 to accelerate growth”, says CEO Per Mandorf. “After 5,000 manhours of development we are now ready to launch the latest version of our content management system steering our customers’ Digital Signage networks”, Mandorf continues. The upgrade will happen in two phases where the initial focus will be on a state-of-the-art user interface together with a future-proof cloud-based solution. The platform offers a broad range of functionality, is easily connectable to customers’ digital ecosystem and can also handle live data. In parallel, a new standard service catalogue has been l
ZetaDisplay lanserar nästa generations globala mjukvaruplattform25.11.2020 08:30:00 CET | Pressemelding
Malmö - ZetaDisplay AB (publ) (Nasdaq Stockholm: ZETA) lanserar sin egenutvecklade nästa generations mjukvaruplattform för schemaläggning och distribution av molnbaserat innehåll. Den uppgraderade mjukvaran ZetaDisplay Engage kommer att implementeras med omedelbar verkan hos koncernens internationella kundbas. "Trots osäkerheten på marknaden har vi fortsatt att investera i vårt mjukvaru- och tjänsteerbjudande under 2020 för att accelerera tillväxten", säger VD Per Mandorf. " Efter 5 000 mantimmar av utveckling är vi nu redo att lansera den senaste versionen av vårt content management system som styr våra kunders Digital Signage-installationer", fortsätter Mandorf. Uppgraderingen kommer att ske i två faser där det inledande fokuset kommer att ligga på ett toppmodernt användargränssnitt tillsammans med en framtidssäker molnbaserad lösning. Plattformen erbjuder ett brett utbud av funktionalitet, är lätt att ansluta till kundernas digitala ekosystem och kan även hantera livedata. Parallell
ArcAroma AB: 201125 Samarbetsavtal med OptiFreeze ökar möjligheten till accelerad tillväxt25.11.2020 08:30:00 CET | Pressemelding
Pressmeddelande 2020-11-25 ArcAroma och OptiFreeze har idag tecknat ett utvärderingsavtal gällande samarbete. Syftet med avtalet är att utvärdera möjligheten till framtida gemensamma projekt för livsmedelsapplikationer. ArcAromas organisation kommer dessutom stödja OptiFreeze i deras marknadsexpansion för snittblommor. ArcAroma har under de senaste åren mer och mer fokuserat på livsmedelssektorn. Bolaget ser en stor potential i denna globala marknad och har olika applikationer under marknadsutveckling och nya i utvecklingsfas. ArcAromas ledning och styrelse ser att ett fördjupat samarbete med OptiFreeze erbjuder en stor potential att skapa ett starkare och konkurrenskraftigare ArcAroma inom livsmedelsteknik. Det tekniska och vetenskapliga kunnandet i respektive bolag är komplementära. ArcAroma har redan ett starkt fokus på olika livsmedel och här skulle OptiFreeze gedigna grundforskning och höga kompetens inom metodutveckling kunna bidra till att bredda applikationsportföljen. ArcAroma
Avance Gas Holding Ltd Reports Unaudited Results for the Third Quarter of 202025.11.2020 08:00:00 CET | Press release
BERMUDA, 25 November 2020 – Avance Gas Holding Ltd (OSE: AVANCE) today reported unaudited results for the third quarter 2020. HIGHLIGHTS An achieved time charter equivalent (TCE) rate of $23,283 on a discharge to discharge basis and $21,524/day on the basis of IFRS 15 accounting standard, compared to $28,453/day and $28,932/day in Q2 2020 respectively.The TCE rates in Q3 reflects ballast cost of approx. $4,000/day, corresponding to an adjusted TCE rate of $27,283 in Q3. The ballast cost will recover into the following quarter.Daily operating expenses (OPEX) were $9,256/day, compared to $8,576/day in Q2 2020. OPEX was impacted by change of technical manager and Covid-19 related crew change expense representing approx. $900/day in Q3.A&G expenses were $727/day, up from $608/day in Q2.Secured funding for predelivery CAPEX of newbuilding program through two transactions In September, the sale of the 2003-built VLGC Avance was successfully completed. Following repayment of debt, the transac
Incap Corporation: Incap Group’s Business Review for January–September 2020: Back on track with good growth and profitability25.11.2020 07:30:00 CET | Press release
Incap Corporation Stock Exchange Release Business Review Q3 2020 25 November 2020 at 8.30 a.m. (EET) Incap Group’s Business Review for January–September 2020: Back on track with good growth and profitability July–September 2020 highlights The revenue of the third quarter amounted to EUR 28.1 million, showing an increase of 59.9% (7– 9/2019: EUR 17.6 million).Excluding revenue from AWS Electronics Group acquired in January 2020, the revenue increased organically by 10.7%.Adjusted EBIT was EUR 3.6 million (EUR 2.4 million), corresponding to 12.9% of revenue (13.7%).AWS Electronics Group acquisition related purchase price allocation (PPA) amortisation amounted to EUR 0.4 million (EUR 0.0 million) and non-recurring costs were EUR 0.0 million (EUR 0.2 million). Operating profit (EBIT) was EUR 3.3 million (EUR 2.2 million), an increase of 46.0%, corresponding to 11.6% of revenue (12.7%).Net profit for the period was EUR 2.4 million (EUR 1.8 million), an increase of 33.7%.In November 2020, In
FRO - Third Quarter and Nine Months 2020 Results25.11.2020 07:29:39 CET | Press release
Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three and nine months ended September 30, 2020: Highlights Net income of $57.1 million, or $0.29 per diluted share for the third quarter of 2020 Adjusted net income of $56.4 million, or $0.29 per diluted share for the third quarter of 2020Reported total operating revenues of $247.4 million for the third quarter of 2020Reported spot TCEs for VLCCs, Suezmax tankers and LR2 tankers in the third quarter of 2020 were $49,200, $25,100 and $12,800 per day, respectivelyFor the fourth quarter of 2020, we estimate spot TCE on a load-to discharge basis of $22,600 contracted for 74% of vessel days for VLCCs, $12,600 contracted for 61% of vessel days for Suezmax tankers and $13,800 contracted for 65% of vessel days for LR2 tankers. We expect the spot TCEs for the full fourth quarter of 2020 to be lower than the TCEs currently contracted, due to the impact of ballast days at the end of the fourth quarter as well