Kinnevik: Extraordinary General Meeting 2021
22 October 2021 - 12:00AM
Kinnevik: Extraordinary General Meeting 2021
Kinnevik AB (publ) ("Kinnevik") today
held an Extraordinary General Meeting
(the "EGM"). Due to the continuing
coronavirus pandemic, the EGM was held only through postal voting
in accordance with temporary legislation. The EGM
resolved in accordance with the Board's proposal
regarding a long-term share incentive plan for Kinnevik
employees.
The EGM resolved to adopt a long-term share
incentive plan for Kinnevik employees, including resolutions to
amend Kinnevik's Articles of Association with the introduction of
two new incentive share classes of Class C 2021 and Class D 2021
that in 2027 are reclassifiable into class B shares, to transfer up
to 368,500 incentive shares of Class C 2021 and 368,500 incentive
shares of Class D 2021 free-of-charge to Kinnevik employees that
decides to participate in the plan, as well as to transfer up to
58,275 incentive shares of Class C 2021 and 58,275 incentive shares
of Class D 2021, at market value, to the Chief Executive Officer
and senior members of Kinnevik's investment team that is provided
the opportunity to acquire additional incentive shares using their
own capital.
The EGM further resolved to secure each of the
undertakings to deliver incentive shares to the participants in the
2021 long-term share incentive plan by authorising the Board to
resolve on a directed issue of incentive shares to a bank, and
immediately thereafter repurchase such shares.
The complete documentation related to the
proposals adopted by the EGM can be found on Kinnevik's website at
www.kinnevik.com under the heading "General Meetings" (which can be
found under the section "Governance").
For further information, visit
www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations Phone +46 (0)70 762 00
50 Email press@kinnevik.com
Kinnevik’s ambition is to be Europe’s leading listed growth
investor, and we back the best digital companies for a reimagined
everyday and to deliver significant returns. We understand complex
and fast-changing consumer behaviours, and have a strong and
expanding portfolio in healthtech, consumer services, foodtech and
fintech. As a long-term investor, we strongly believe that
investing in sustainable business models and diverse teams will
bring the greatest returns for shareholders. We back our companies
at every stage of their journey and invest in Europe, with a focus
on the Nordics, and in the US. Kinnevik was founded in 1936 by the
Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are
listed on Nasdaq Stockholm’s list for large cap companies under the
ticker codes KINV A and KINV B.
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