Conversion of debentures in Invik Invik & Co. AB announced today that Investment AB Kinnevik ("Kinnevik") has filed for conversion into shares of all convertible debentures Kinnevik holds in Invik.The convertible debentures have a nominal value of SEK 235 million and will be converted into 2,148,710 class A shares and 2,370,520 class B shares in Invik at the predetermined conversion price of SEK 52 per share. Kinnevik did not own any shares in Invik before this transaction and will after conversion own 14.2% of the capital and 25.2% of the votes in Invik on a fully diluted basis. Following the conversion the total number of outstanding shares in Invik amounts to 31,024,823 divided into 6,990,543 A-shares and 24,034,280 B-shares. For further information, please visit www.invik.se or contact: Anders Fällman, President and CEO +46 (0)8 562 000 20Mattias Björk, CFO+46 (0)8 562 000 58 __________________________________ Invik is a finance group with a broad product profile focusing on insurance, banking and fund management. Invik is active in a number of carefully selected segments in which the Group can create high growth and build long-term, successful companies, while consistently focusing on profitability. Group companies are distinguished by their constant efforts to seek new avenues for growth in profitable niches in the financial sector. Invik is made up of five major financial operations: Modern Insurances Non-life, with its direct insurance operations focusing on individuals and small companies; Modern Insurances Life, which offers life, pension and endowment insurances; Assuransinvest manages the remaining run-off portfolio; Banque Invik, a private bank based in Luxembourg with operations in asset management, card operations and corporate services and Invik Funds, which pursues fund operations in Aktie-Ansvar and Modern Funds. Invik is listed on the Stockholm Stock Exchange Mid Cap under the name INVKB. The press release can be downloaded from the following link:Attachment: Press release (PDF)Text version / Internet version / Print / Close
Conversion of debentures in Invik
| Source: Invik & Co. AB