Issue and repurchase of class C shares under incentive program
Stockholm – The board of directors of Bravida Holding AB, (“Bravida”), (Nasdaq Stockholm: BRAV), has today resolved to issue and immediately thereafter repurchase 600,000 class C shares.
Regulatory press release
By virtue of authorization from the annual general meeting on 26 April 2021, the board of directors of Bravida has resolved to increase the share capital by SEK 12,000 through a directed cash issue of 600,000 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 600,000 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 2021, that was adopted at the annual general meeting on 26 April 2021, by Bravida subsequently reclassifying the class C shares into ordinary shares.
Since earlier, Bravida holds 492 827 class C shares. The class C shares do not entitle to dividends and have 1/10 voting right each.
For further information, please contact:
+46 8 695 20 07