Kinnevik AB (publ) («Kinnevik») today announced that Kinnevik’s board of directors has established the record date for the payment of the dividend of Kinnevik’s shares in Modern Times Group MTG AB (publ) («MTG») to the August 10, 2018.
On July 16, 2018 decided in the special general meeting in Kinnevik to share out all of Kinnevik’s shares in MTG to the shareholders in Kinnevik. The board of directors was authorised by the annual general meeting to determine the record date for the dividend, subject to the condition that the record date not be a date that occurred before all of Kinnevik’s HOLDINGS of A-shares were converted to MTG class B shares. This condition was met on 1 August 2018, when the Swedish companies registration office and Euroclear Sweden registered the conversion. Kinnevik’s board of directors has now determined the dividend record date to August 10, 2018.
Last day for trading in Kinnevik’s shares, including the right to receive the undistributed MTG shares is August 8, 2018. From 9 August 2018 will Kinnevik’s shares to be traded without the right to receive shares in MTG. Around the 14 August 2018 is estimated to MTG class B shares get Kinnevik’s shareholders received.
For further information on the distribution of Kinnevik’s shares in MTG, see Kinnevik’s website www.kinnevik.com under the heading «general meeting» (which can be found under the section «corporate Governance») which includes an information brochure about the distribution of Kinnevik’s shares in MTG.
For further information, please visit www.kinnevik.com or contact:
Kinnevik is a sektorfokuserat investment company that is passionate about entrepreneurship. Together with driven founders and business leaders, we build digital companies that offers people more and better choices. We creates, develops and invests in fast growing companies in both developed markets and emerging markets. We believe in creating both shareholder value and social value by building companies that make a positive contribution to society. Kinnevik was founded in 1936 by the families of Stenbeck, Klingspor and von Horn. Kinnevik’s shares are traded on Nasdaq Stockholm’s list for large cap companies under the ticker CLASS A and CLASS B.
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Source: Kinnevik via Globenewswire