Kinnevik supports rights issue in CDON
(Thomson Reuters ONE) -
Investment AB Kinnevik (publ) ("Kinnevik") today announced that it intends to
subscribe to its pro rata share of the rights issue in CDON Group AB (publ)
("CDON") and to guarantee the remaining part of the issue.
The issue, which entails preferential rights to subscribe for new shares for the
existing shareholders of CDON, will amount to approximately SEK 500m and it will
be fully underwritten by Kinnevik, CDON's largest shareholder. Kinnevik, that
together with subsidiaries holds 25% of the capital and votes in CDON, has also
undertaken to subscribe for its pro rata share of the issue.
The underwriting is conditional upon the extra general meeting of CDON approving
the rights issue with qualified majority. Kinnevik has been granted exception
from a mandatory bid by the Swedish Securities Council (Sw:
Aktiemarknadsnämnden) in connection with the subscription undertaking and the
underwriting (see AMN 2013:20, available at www.aktiemarknadsnamnden.se).
Kinnevik discloses the information provided herein pursuant to the Securities
Market Act (Sw. lagen om värdepappersmarknaden (2007:528)). The information was
submitted for publication on 17 April, 2013 at 08.00 (CET).
For further information on the rights issue, please refer to CDON at
www.cdongroup.com.
Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik was founded in 1936 and thus embodies more than seventy years of
entrepreneurship under the same group of principal owners. Kinnevik's objective
is to increase shareholder value, primarily through net asset value growth. The
company's holdings of growth companies are focused around the following
comprehensive business sectors; Telecom & Services, Online, Media,
Microfinancing, Paper & Packaging, and Agriculture & Renewable energy. Kinnevik
has a long history of investing in emerging markets which has resulted in a
considerable exposure to consumer sectors in these markets. 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.
Press release:
http://hugin.info/1114/R/1693629/556765.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kinnevik via Thomson Reuters ONE
[HUG#1693629]
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2013 - 08:04 Uhr
Sprache: Deutsch
News-ID 249820
Anzahl Zeichen: 3262
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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