Issue and repurchase of class C shares
CDON Group AB (publ) (”CDON Group”) , one of the leading e-commerce groups in the Nordic region, today announced that it has issued and immediately repurchased 190,000 new class C shares. The shares have been issued and repurchased in accordance with the performance-based incentive programme, which was approved by the Annual General Meeting of shareholders held on 16 May 2011.
Nordea Bank AB subscribed for the entire issue of new class C shares at a subscription price 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 share issue is to enable the future delivery of ordinary shares to senior executives 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.
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For further information, visit cdongroup.com or contact:
Investor and analyst enquires:
Martin Edblad, Chief Financial Officer
Tel: +46 (0) 70 080 75 03
Email: ir@cdongroup.com
Press enquires:
Fredrik Bengtsson, Head of Communications
Tel: +46 (0) 70 080 75 04
Email: press@cdongroup.com
About CDON Group
CDON Group is one of the leading e-commerce groups in the Nordic region. Established in 1999, the Group has continuously expanded its product portfolio and is now a leading e-commerce player in the Entertainment (CDON.COM, BookPlus.fi, Lekmer.com), Fashion (Nelly.com, LinusLotta.com, Heppo.com, RUM21.se), and Sports & Health (Gymgrossisten.com, Bodystore.com) segments. CDON Group’s nine online stores attract approximately 115 million site visits and two million unique customers a year and the Group reported revenues of SEK 2.2 billion for the full year 2010.
The information in this announcement is that which CDON Group AB is required to disclose under the Securities Markets Act. This information was released for publication at 15:30 CET on 31 May 2011.