Change in number of shares and votes in ITAB
The number of shares and votes in ITAB Shop Concept AB (publ) (“ITAB” or the “Company”) has changed during the month of March as a result of the previously announced recapitalisation.
As previously communicated, the Board of Directors of ITAB, with the authorisation from the extraordinary general meeting held on 15 January 2021, resolved on a rights issue in February. In addition, the extraordinary general meeting resolved upon a set-off issue on 15 January 2021, and during February, at the request of the holders of the class A shares in the Company, that all of the class A shares would be reclassified to class B shares. It was announced on 12 March 2021 that the rights issue and the set-off issue have been fully subscribed and that the Board of Directors has resolved to reclassify all class A shares to class B shares.
As of 31 March 2021, the last trading day of the month, the total number of shares and votes in ITAB amounts to 218,100,192.
The total number of class B shares has increased by 102,383,430 shares as a result of the rights issue. The set-off issue has entailed that the total number of class B shares has increased by 13,333,332 shares, and the reclassification has entailed that all 22,166,400 class A shares have been reclassified to class B shares. After the recapitalisation, there are no class A shares outstanding and the number of class B shares has increased by a total of 137,883,162 to 218,100,192 shares. The share capital has increased from SEK 42,659,983.9 to SEK 90,875,661.6.
For further information, please contact:
ITAB Shop Concept AB
CEO Andréas Elgaard
Telephone: +46 36 31 73 00
Mobile: +46 73 232 16 35
Box 9054, SE-550 09 JÖNKÖPING
Telephone: +46 36 31 73 00
This information is information that ITAB Shop Concept AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act (Sw. lagen om handel med finansiella instrument). The information was submitted for publication, through the agency of the contact person set out above, at 13.00 CET on 31 March 2021.
AT ITAB we help customers turn consumer brand experience into physical reality with our know-how, solutions, and ecosystem of partners. We co-create with our customers, efficient retail solutions that deliver convenient and inspiring consumer experiences. The offer includes consultative design services, custom-made interiors, checkout systems, consumer guidance solutions, professional lighting systems and interactive digital solutions for the physical store. ITAB has approximately 2,900 employees and net sales in 2020 amounted to MSEK 5,323. The company's B share is listed on Nasdaq Stockholm.