At the Annual General Meeting in Betsson AB (publ) on 8 May 2014 the shareholders adopted the following main resolutions:
- Pontus Lindwall, John Wattin, Patrick Svensk, Lars Linder-Aronson, Carl Lewenhaupt and Kicki Wallje-Lund were re-elected as members of the Board of Directors. Pontus Lindwall was re-elected as Chairman of the Board of Directors.
- The Annual General Meeting adopted the presented annual report and discharged the members of the Board of Directors and the CEO for liability in respect of the financial year 2013.
- The Annual General Meeting resolved on a share split with automatic redemption of shares. The redemption of shares programme means that approximately SEK 421.5 million, corresponding to SEK 9.16 per share, will be distributed to the shareholders of the Company. The adopted resolutions regarding share split and redemption of shares included the following:
(i) A resolution on a share split (2:1), where each existing share (irrespective of series of share) is divided into two shares. One of these shares will be a so called redemption share. The record date for the share split is 21 May 2014.
(ii) A resolution to reduce the share capital through an automatic redemption programme, whereby 5,420,000 Class A shares, 40,597,827 Class B shares and 521,700 Class C shares is redeemed with repayment to the shareholders. No redemption price will be paid for any redemption shares of Class A, Class B or Class C that are held by the Company.
(iii) A resolution to increase the share capital through a bonus issue, whereby the share capital of the Company is restored to its original amount prior to the resolution to decrease the share capital.
Trading in redemption shares will take place from 26 May 2014 up to and including 10 June 2014. The record date for the redemption of shares is 13 June 2014. Payment is expected to be made through Euroclear Sweden AB on 18 June 2014.
- The Annual General Meeting resolved to authorise the Board of Directors to resolve to repurchase, on one or several occasions prior to the next Annual General Meeting, as many shares as may be purchased without the Company’s holding at any time exceeding 10 per cent of the total number of shares in the Company. Further, it was resolved to authorise the Board of Directors to resolve on the transfer of the Company’s own shares, as payment upon the acquisition of companies or businesses, at a price equivalent to the quoted share price at the time of transfer. The authorisation to transfer own shares is limited whereby the Board of Directors may not resolve on the transfer of more than 4.7 million Class B shares also taken into consideration any shares issued by the Board of Directors under the authorisation pursuant to the item below.
- The Annual General Meeting further resolved to authorise the Board of Directors to resolve, on one or several occasions prior to the next Annual General meeting, to issue shares and/or convertible bonds for payment in kind or by way of set-off, that involve the issue of or conversion into up to 4.7 million Class B shares (corresponding to a dilution of about 10 per cent of the share capital and of about 5 per cent of the shareholders votes). The authorisation above shall be limited whereby the Board of Directors may not resolve to issue shares and/or convertible bonds that involve the issue of or conversion into more than 4.7 million Class B shares also taken into consideration any shares transferred by the Board of Directors under the authorisation to transfer shares described above.
For further information, please contact:
Magnus Silfverberg, CEO and President Betsson AB (publ), phone: +46 (0)8 506 403 00 or magnus.silfverberg@betssonab.com.
