Report from Extraordinary General Meeting of ICA Gruppen
ICA Gruppen Aktiebolag (publ ) (”ICA Gruppen” or ”the Company”) has today 14 October 2024 held an Extraordinary General Meeting in the Company.
At ICA Gruppen’s Extraordinary General Meeting held today 14 October 2024, the Meeting decided to adopt a new Articles of Association in accordance with the Board’s proposal whereby among other things a new share class will be introduced (ordinary Class F shares, “F shares”). The Extraordinary General Meeting also decided to authorise the Board to make a decision on a new issue of F shares up to a total subscription amount of a maximum of SEK 3 billion. ICA Gruppen intends later in 2024 to submit an invitation to subscribe for F shares to ICA-handlarnas Förbund and its members in Sweden. The new F shares will not be submitted for trading or listed on a regulated marketplace or other trading platform.
The background to the offering of F shares is to create additional incentives for continued development of ICA Gruppen and thereby secure a continued broad customer offering and presence throughout the country. The issue of F shares in the offering will also contribute to reducing ICA Gruppen’s level of debt.
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ICA Gruppen’s press service
Telephone number: +46 (0)10 422 52 52
E-mail: press@ica.se
ICA Gruppen AB (publ) is one of the leading retail companies in the Nordic countries with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic, which mainly conduct grocery retail, ICA Real Estate, which owns and manages properties, ICA Bank, which offers financial services, ICA Insurance, and Apotek Hjärtat, which conducts pharmacy business. ICA Gruppen had sales of approximately SEK 148 billion in 2023.
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This press release does not contain and constitute an offer or solicitation to acquire, sell, subscribe for other in another manner trade in shares, subscription rights or other securities in ICA Gruppen. This press release has not been approved by any regulatory authority and is not a prospectus.