Record date for the reverse share split of the company’s shares
The Annual General Meeting in BE Group AB (publ) on 28 April 2016 resolved on a reverse share split of the company’s shares, whereby 20 existing shares will be consolidated into to one new share (reverse share split 1:20). The Board of Directors was authorized to determine the record date for the reverse share split.
The Board of Directors has now determined that the record date for the reverse share split will be Friday 20 May 2016, which means that the last day for trading in the share prior to the reverse share split is Wednesday 18 May 2016, and the first day for trading with the consolidated shares is Thursday 19 May 2016.
As a result of the reverse share split, the shares in BE Group will as from and including 19 May 2016 change ISIN-number. The new ISIN number is SE0008321921. The shares obtained through the reverse split are expected to be registered on VP-accounts on Monday 23 May 2016, i.e. the first week day after the record date.
The reverse share split will be carried out automatically by Euroclear and shareholders do not need take any actions. After the reverse share split, the number of shares in the company will amount to 13,010,124 shares.
For further information, please contact:
Andreas Karlsson, CFO
tel.: +46 (0)709-48 22 33 e-mail: email@example.com
BE Group, listed on the Nasdaq Stockholm exchange, is a trading and service company in steel, stainless steel and aluminium. BE Group offers efficient distribution and value-adding production services to customers primarily in the construction and engineering sectors. In 2015, the Group reported sales of SEK 4.2 billion. BE Group has about 770 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com.