Issue and repurchase of class C shares under incentive program
Stockholm – The board of directors of Bravida Holding AB, (“Bravida”), (Nasdaq Stockholm: BRAV), has today resolved to issue and immediately thereafter repurchase 500,000 class C shares.
By virtue of authorization from the annual general meeting on 5 May 2022, the board of directors of Bravida has resolved to increase the share capital by SEK 10,000 through a directed cash issue of 500,000 class C shares to Nordea Bank Abp, filial i Sverige (“Nordea”) at a subscription price corresponding to the quota value of the shares. Furthermore, the board of directors of Bravida has resolved to immediately repurchase all 500,000 class C shares from Nordea at a price corresponding to the subscription price.
The purpose of the issue and the repurchase is to ensure delivery of ordinary shares to employees in the group who participate in the performance based incentive program, LTIP 2022, that was adopted at the annual general meeting on 5 May 2022, by Bravida subsequently reclassifying the class C shares into ordinary shares.
Since earlier, Bravida holds 694,327 class C shares. The class C shares do not entitle to dividends and have 1/10 voting right each.
For further information, please contact:
Peter Norström, Head of Investor Relations
peter.norstrom@bravida.se
+46 8 695 20 07
This disclosure contains information that Bravida Holding AB is obliged to make public pursuant to the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication, through the agency of the contact person, on 25-10-2022 13:34 CET.
Good properties make a difference – that’s why Bravida exists. As the Nordic region’s leading supplier of end-to-end technical solutions in service and installation, we help our customers create effective and sustainable properties.
Bravida’s long-term goal is to be carbon-neutral throughout the value chain by 2045. We have 12,000 employees and a presence in over 180 locations in Sweden, Norway, Denmark and Finland. Bravida’s shares are listed on Nasdaq Stockholm. www.bravida.se
