Kinnevik announces tweaks to share structure


Sweden’s largest tech investment company, Kinnevik AB has announced that as of 29 June 2018 the total number of shares in the company amounts to 275,666,638.

The shares are divided into 33,755,432 class A shares with ten votes each and 241,911,206 class B shares with one vote each, of which 536,469 are held in treasury. The total number of votes in the company amounts to 579,465,526.

On 21 May 2018, the Annual General Meeting of Kinnevik resolved that holders of class A shares should be entitled to reclassify their class A shares into class B shares.

Kinnevik said the reclassification was made possible between 4 June 2018 up to and including 18 June 2018. During this period, 7,401,712 class A shares were requested to be reclassified into class B shares.

The company disclosed that the conversion of shares was registered at the Swedish Company Registration Office in June.