CDON Group issues and repurchases class C shares
CDON Group AB (publ) (”CDON Group”) today announced that it has issued and immediately repurchased 700,000 new class C shares. The shares have been issued and repurchased by virtue of authorisations granted to the Board under the performance-based incentive programme, which was approved by the Annual General Meeting of shareholders held on 14 May 2013.
Nordea Bank AB (publ) subscribed for and was allotted the entire issue of new class C shares at a subscription price corresponding to the quota value of the share of SEK 2.00 per share. The entire issue of class C shares has thereafter been repurchased by CDON Group for SEK 2.00 per share.
The purpose of the issue and repurchase of Class C shares is to enable the future delivery of ordinary shares to employees participating in CDON Group's incentive programme. The class C shares will be converted into ordinary shares prior to delivery to qualifying participants. Class C shareholders are not entitled to dividend payments.
For further information please visit cdongroup.com or contact:
Nicolas Adlercreutz, CFO
Tel: +46 (0) 70 587 4488
Fredrik Bengtsson, Head of Communications
Tel: +46 (0) 700 80 75 04
Email: press@cdongroup.com, ir@cdongroup.com
The information in this announcement is that which CDON Group AB is required to disclose under the Swedish Financial Instruments Trading Act and/or the Securities Markets Act. This information was released for publication at 18:00 CET on 3 September 2013.
About CDON Group
CDON Group is the leading e-commerce group in the Nordic region. Since the start in 1999, the Company has expanded and broadened its product portfolio and is now a leading e‐commerce player within Entertainment (CDON.com and Lekmer.com), Fashion (Nelly.com and Members.com), Sport & Health (Gymgrossisten.com, Bodystore.com and Milebreaker.com) and Home & Garden (Tretti.com and Rum21.se). CDON Group’s internet stores attracted around 244 million visits and more than two million unique customers during 2012.