Stockholm, Feb. 28, 2019 (GLOBE NEWSWIRE) --
On February 14, 2019, a Special General Meeting in Vostok New Ventures Ltd (”Vostok New Ventures” or the “Company”) resolved to effect a subdivision of shares (share split) and a subsequent mandatory share redemption procedure. The share split has been carried out during February, resulting in a doubling of the number of shares in the Company and associated SDRs.
In view of the above, as of February 28, 2019:
- The total number of shares in Vostok New Ventures amounts to 171,376,618 (of which 85,688,309 are ordinary shares and 85,688,309 are redemption shares). 1
- The total number of votes in the Company amounts to 85,688,309. 2
Also in February 2019, the Company has cancelled a total of 6,028,267 repurchased Redemption SDRs held in treasury, resulting in a corresponding reduction of the total number of outstanding SDRs. 3
For further information, please contact:
Björn von Sivers, Investor Relations, Tel +46 (0)8-545 015 50
This press release comprises information which Vostok New Ventures Ltd is required to disclose under the Swedish Financial Instruments Trading Act. The information was submitted for release on February 28, 2019 at 08.00 CET.
1 Including 6,278,267 ordinary shares represented by ordinary SDRs held in treasury.
2 The number of votes remains unchanged as the redemption shares and associated Redemption SDRs do not carry a general right to vote.
3 The total number of SDRs in Vostok New Ventures amounts to 165,348,351 (of which 85,688,309 are ordinary SDRs and 79,660,042 are Redemption SDRs).
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