ADDvise convenes an Extraordinary General Meeting and proposes the introduction of a new class of shares and a name change
The Board of ADDvise Lab Solutions AB (publ) (“ADDvise or “the Company”) proposes that the Extraordinary General Meeting, to be held on august 25th 2015, resolves that the Company’s existing shares shall be Class A and that 7,619,439 shares of a new class – Class B- shall be issued to existing shareholders through a bonus issue. After the bonus issue the shareholders will have an equal number of Class A and Class B shares. It is proposed that each B share will have one-tenth (1/10) of a vote.
In line with ADDvise acquisition strategy, the proposed bonus issue will be carried out in order to be able to provide primarily B shares as an attractive means of payment with good liquidity for acquisitions, without creating excessive dilution in voting terms for existing shareholders.
New shares are proposed to be issued so that one (1) existing share (which will be a Class A share) entitles the holder to one (1) new share of Class B, whereby 7,619,439 Class B shares will be issued in the bonus issue. Existing shares (Class A) will still result in one (1) vote while Class B shares will carry one-tenth (1/10) of a vote.
The proposed bonus issue would increase the Company’s share capital by 7,619,439 SEK to 15,238, 878 SEK. The proposed bonus issue would be implemented through the transfer of 7,619,439 SEK from unrestricted equity according to the balance sheet to share capital. The record date for the bonus issue is proposed to be September 15th 2015, and the shareholders who are registered on the record date would receive Class B shares corresponding to the number of existing A shares to their respective securities accounts.
The A shares will continue to be traded on Nasdaq First North Premier and the Company will apply for the B shares to be traded on the same market. Indicative first day of trading is September 30th 2015.
The Board further proposes that the Company’s name is changed to primarily ADDvise Group AB (publ) or, in the alternative, to Addvise Group AB (publ) provided that any of these names is approved for registration by the Swedish Company Registration Office. The purpose of the name change is to better reflect the entire business of the Group.
Notice of the General Meeting with detailed proposals have been published today through a separate press release.
For further information, please contact:
Rikard Akhtarzand, CEO, +46 765-25 90 71
rikard.akhtarzand@addvisegroup.se
www.addvisegroup.com