Kinnevik guarantees 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 650m. Kinnevik,
with subsidiaries holds appr. 25% of the capital and votes in CDON, and has
undertaken to subscribe for its pro rata share of the issue. In addition, the
issue will be fully underwritten by Kinnevik, CDON's largest shareholder.
For further information about the rights issue, please refer to CDON's website
www.cdongroup.com.
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 22 October, 2014 at 08.10 (CET).
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Investment AB Kinnevik was founded in 1936 and thus embodies seventy-five 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 business sectors; Telecom & Financial services, Online, Media and
Industry and other investments. 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 admitted to trading 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/1864699/654554.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1864699]
Unternehmensinformation / Kurzprofil:
Datum: 22.10.2014 - 08:10 Uhr
Sprache: Deutsch
News-ID 345941
Anzahl Zeichen: 2886
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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