Investment AB Kinnevik (publ) ("Kinnevik") today announced that it has issued
and immediately repurchased 135, 000 new class C shares. The shares have been
issued and repurchased in accordance with the Group's performance-based
incentive programme, which was approved by the Annual General Meeting of
shareholders held on 17 May 2010.
Nordea Bank AB subscribed for the entire issue of new class C shares at a
subscription price of SEK 0.10 per share. The entire issue of class C shares has
thereafter been repurchased by Kinnevik for SEK 0.10 per share.
The purpose of the share issue is to enable the future delivery of class B
shares to senior executives participating in Kinnevik's incentive programme. The
class C shares will be converted into class B shares prior to delivery to
qualifying participants. Class C shareholders are not entitled to dividend
payments.
For further information, visit www.kinnevik.se or contact:
Mia Brunell Livfors, President and Chief Executive Officer +46 (0)8 562 000 00
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83
+46 (0)70 762 00 83
Investment AB Kinnevik's objective is to increase shareholder value, primarily
through net asset value growth. Kinnevik manages a portfolio of investments
focused around three comprehensive business areas; Major Unlisted Holdings which
includes the cartonboard and paper company Korsnäs including shares in Bergvik
Skog, Major Listed Holdings which includes Millicom International Cellular,
Tele2, Modern Times Group MTG, Metro International and Transcom WorldWide, and
New Ventures which is active in finding new investments in small and mid sized
companies which has a significant growth potential. Kinnevik plays an active
role on the Boards of its holdings.
The Kinnevik's class A and class B shares are listed on the NASDAQ OMX
Stockholm's list for large cap companies, within the financial and real estate
sector. The ticker codes are KINV A and KINV B.
[HUG#1444615]
