KappAhl proposes a share split and automatic share redemption
The Board of Directors of KappAhl AB (publ) has decided to propose to the Annual General Meeting on 5 December 2017 to make a decision about a share split and reduction of the share capital through an automatic redemption procedure. Through the redemption procedure approximately SEK 500 million will be transferred to KappAhl's shareholders, corresponding to SEK 6.50 per share.The proposal means that each KappAhl share will be split into two shares, of which one will be a redemption share. The redemption shares will then automatically be redeemed against a cash redemption payment of SEK 6.50