Volati announces record date for distribution of Bokusgruppen
On 28 April 2021 the annual general meeting of Volati AB (publ) (“Volati”) resolved on distribution of all of Volati's shares in Bokusgruppen AB (”Bokusgruppen”) to the ordinary shareholders of Volati. The Board of Directors were at the same time authorised to decide the record date for the distribution. The record date has now been decided to 1 June 2021.
All of Volati’s shares in Bokusgruppen will be distributed to the ordinary shareholders of Volati. For five (5) owned ordinary shares in Volati, one (1) share in Bokusgruppen will be received. Excess shares (fractions) will be combined into whole shares after Bokusgruppen’s shares have been admitted to trading on Nasdaq First North Premier Growth Market and sold through the agency of Erik Penser Bank. In addition to being registered as an ordinary shareholder in Volati on the record date for the dividend, ordinary shareholders in Volati will not need to take any other measures to obtain shares in Bokusgruppen.
Nasdaq Stockholm AB has, provided that customary conditions are met, announced that Bokusgruppen meets the listing requirements on Nasdaq First North Premier Growth Market.
The last day for trading in Volati's ordinary shares, including the right to receive shares in Bokusgruppen, is 28 May 2021. As of 31 May 2021, Volati's ordinary shares will be traded without the right to receive shares in Bokusgruppen.
The first day for trading in Bokusgruppen is expected to be Friday 4 June 2021. Bokusgruppen's shares will be traded under the short name BOKUS with ISIN-code SE0016074256.
A company description regarding Bokusgruppen is expected to be published on 27 May 2021. The company description will be available on Volati’s website, www.volati.se, and Bokusgruppen's website, www.bokusgruppen.com.
Timetable for the distribution and the listing of Bokusgruppen on Nasdaq First North Growth Market:
27 May 2021: Date for publication of the company description
28 May 2021: Last trading day in Volati’s ordinary shares with the right to receive shares in Bokusgruppen
31 May 2021: Volati’s ordinary shares are traded without right to receive shares in Bokusgruppen
1 June 2021: Record date for the distribution of Volati’s shares in Bokusgruppen
4 June 2021: Expected first day of trading in Bokusgruppen’s shares
For further information, please contact:
Andreas Stenbäck, CEO Volati AB, +46 70-889 09 60, andreas.stenback@volati.se
Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm
Tel: +46 8 21 68 40
Email: info@volati.se
Corp.reg.no.: 556555-4317
This information is information that Volati AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (MAR). The information was submitted for publication, through the agency of the contact persons set out above, at 14:00 CEST on 25 May 2021.
About Volati
Volati is a Swedish industrial group, founded in 2003, consisting of the business areas Salix Group, Bokusgruppen (previously Akademibokhandeln) and Industry. Volati mainly acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations and develops them with a focus on long-term value creation. The strategy is to build on the companies’ identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. Volati has operations in 16 countries, more than 2,000 employees and annual sales of approximately SEK 6.7 billion. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.