The background to the transactions is that the existing share option scheme can only be exercised in B-shares, which means that the number of class B shares, before the share issue, exceeds the number of class A shares. Luxembourg company law requires that the number of class A shares exceeds the number of class B shares.
For further information, please contact:
Vigo Carlund, CEO, Industriförvaltnings AB Kinnevik tel: +46 8 5620 0000
Henrik Persson, Investor & Press Relations tel: +44 20 7321 5010
Industriförvaltnings AB Kinnevik was established in 1936 as an investment holding company. The Company's objective is to increase shareholder value, primarily through net asset value growth. The business consists of operating companies such as farming company MSLA and paper and pulp producer Korsnäs AB, and a portfolio of long-term investments in a select number of listed companies such as Tele2 AB, Modern Times Group MTG AB, Millicom International Cellular S.A., Metro International S.A., Transcom WorldWide S.A. and Invik & Co. AB. Kinnevik plays an active role on the Boards of its subsidiaries and associated companies.
Kinnevik's 'A' and 'B' shares are traded on the Stockholmsbörsen 'A-list'.