The Board of AcadeMedia has set the terms for the voluntary redemption program
On 30 November 2023, AcadeMedia’s Annual General Meeting resolved, in accordance with the proposal from the Board, on a voluntary redemption program, comprising a reduction of the share capital for repayment to the shareholders and a bonus issue without issuance of new shares. The Board of AcadeMedia has now set the terms of the voluntary redemption program, based on the authorization granted by the Annual General Meeting.
Not more than 4,223,502 ordinary shares may be redeemed and thus, the share capital may be reduced by not more than SEK 4,223,502. The share capital reduction will be restored through a bonus issue, whereby the company’s share capital will be increased by SEK 5,279,378.
The record day for receipt of redemption rights has been set to 23 February 2024. Those who, on the record day, are registered as shareholders in the share register maintained by Euroclear Sweden on behalf of AcadeMedia receive one redemption right for each ordinary share held in AcadeMedia. 25 redemption rights entitle to redemption of one ordinary share. The shares will be redeemed in exchange for a cash payment of SEK 65 per share. In total, not more than SEK 274,527,630 may be paid as redemption proceeds.
Customary trading in redemption rights and redemption shares on Nasdaq Stockholm will be arranged.
The dates applicable to the redemption programme are set out below. An information brochure with further information about the voluntary redemption programme will be available on the company’s website, www.academedia.se, as of Tuesday 20 February 2024.
| 20 February 2024 | Publication of the information brochure |
| 21 February 2024 | Last day of trading in AcadeMedia shares including the right to receive redemption rights |
| 23 February 2024 | Record day for receiving redemption rights |
| 27 February 2024 – 8 March 2024 | Period for trading in redemption rights |
| 27 February 2024 – 12 March 2024 | Application period for redemption of shares |
| 14 March 2024 – 21 March 2024 | Period for trading in redemption shares |
| Around 28 March 2024 | Payment of redemption proceeds |
For more information, please contact:
Hanna Clausén, IR
Telephone: +46 8 794 42 62
E-mail: hanna.clausen@academedia.se
Jennie Thingwall, Legal Counsel
Telephone: +46 76 14 111 59
E-mail: jennie.thingwall@academedia.se
About AcadeMedia
AcadeMedia creates opportunities for people to develop. The 19,400 employees at our 700 preschools, compulsory schools, upper secondary schools and adult education centres share a common focus on quality and development. Our 198,000 children and students are provided with a high quality education, giving them the best conditions to attain both learning objectives and their full potential as individuals. AcadeMedia is Northern Europe ́s largest education company, with locations/facilities/presence in Sweden, Norway, Germany, and Netherlands. Our size gives us the capacity to be a robust, long term partner to the communities we serve. More information about AcadeMedia is available on www.academedia.se.