Insiders expand long term shareholding in the company
Stockholm December 18, 2015 – Two people in the management team of Addnode Group have increased their long term shareholding in the company by a redemption of warrants. The warrants were issued in 2012 by the two largest shareholders, Vidinova AB and Aretro Capital Group AB.
During 2012, Johan Andersson, CFO of Addnode Group, and Rolf Kjærnsli, President of the business area Design Management, bought 100,000 warrants pertaining to Series B shares in Addnode Group AB. The warrants were issued by the two largest shareholders, Vidinova AB and Aretro Capital Group AB, as a part of an incentive program without the involvement of Addnode Group. The Group does not have any other share-based incentive programs.
On December 15, 2015, both Johan Andersson and Rolf Kjærnsli did a redemption of all issued warrants into Series B shares. Both Johan Andersson and Rolf Kjærnsli have thereafter sold a part of their shareholding in order to finance the redemption of the warrants.
Johan Andersson owns 5,973 Series B shares since previously and has after above described transaction a total shareholding of 55,973 Series B shares. Rolf Kjærnsli did before the transactions, through a company, own 39,498 Series B shares and has after above described transactions increased his ownership to a total shareholding of 79,498 Series B shares.
- “Addnode Group has during my nine years in the company tripled the turnover and is in continuous strong growth. We have a clear strategy and will keep expanding further. Increasing my long term shareholding is a natural step in my company commitment”, says Johan Andersson, CFO of Addnode Group.
After above redemption of warrants, Vidinova AB’s holding in Addnode Group AB decreases by 100,000 Series B shares to 361,667 Series A shares and 7,059,783 Series B shares. Aretro Capital Group AB’s holding in Addnode Group AB decreases by 100,000 Series B shares to 625,332 Series A shares and 3,154,624 Series B shares after the redemption of warrants.
For more information:
Staffan Hanstorp, President and CEO, Addnode Group AB
Tel: +46 (0) 733 77 24 30, e-mail: email@example.com
Johan Andersson, CFO and Head of Investor Relations, Addnode Group AB
Tel: +46 (0) 704 2058 31, e-mail: firstname.lastname@example.org
About Addnode Group
Addnode Group offers operation-critical IT-solutions to selected markets within both private and public sectors. We acquire, build and develop companies that deliver operation-critical IT solutions for specific needs from our customers. Every day, 500,000 engineers use our systems to develop and maintain products, buildings and installations. 100,000 employees in the public sector use our solutions for municipal and government management. We have 1,150 employees in Sweden, Austria, Denmark, Finland, Germany, India, Norway, Slovakia, the UK and the US and Serbia. Net sales in 2014 amounted to SEK 1,599 M. Addnode Group's Series B share is listed on the Nasdaq Stockholm, Small Cap.
For more information, please visit www.addnodegroup.com.