Issue and repurchase of class C shares under incentive program
The board of directors of Bravida Holding AB, (“Bravida”), (Nasdaq Stockholm: BRAV), has today resolved to issue and immediately thereafter repurchase 500,000 class C shares.
By virtue of authorization from the extraordinary general meeting on 23 October 2020, the board of directors of Bravida has resolved to increase the share capital by SEK 10,000 through a directed cash issue of 500,000 class C shares to Nordea Bank Abp, filial i Sverige (“Nordea”) at a subscription price corresponding to the quota value of the shares. Furthermore, the board of directors of Bravida has resolved to immediately repurchase all 500,000 class C shares from Nordea at a price corresponding to the subscription price.
The purpose of the issue and the repurchase is to ensure delivery of ordinary shares to employees in the group who participate in the performance based incentive program, LTIP 2020, that was adopted at the extraordinary general meeting on 23 October 2020, by Bravida subsequently reclassifying the class C shares into ordinary shares.
Since earlier, Bravida holds 341,054 class C shares. The class C shares do not entitle to dividends and have 1/10 voting right each.
For further information, please contact:
Peter Norström, IR contact
+46 8 695 20 07