At today’s Extraordinary General Meeting in AB Novestra (publ) (“Novestra”) it was resolved in accordance with the Board of Director’s proposal on a distribution of shares in the portfolio company WeSC AB (publ) (“WeSC”).
The distribution is carried out through redemption procedure, according to which each existing share in the Company is divided into two shares, of which one share – which will be called redemption share – will be redeemed for shares in WeSC. To be able to carry out the redemption procedure in a time efficient manner, the share capital will also be increased through a bonus issue.
In aggregate 371,879 shares in WeSC will be distributed to the shareholders of Novestra, corresponding to approximately half of Novestra’s holding in WeSC. For each one hundreds (100) of redemption shares in the Company, one (1) share in WeSC is distributed. Record date for receiving redemption shares is January 12, 2011. Trading in redemption shares on NASDAQ OMX Stockholm will to continue from and including 24 January 2011 to and including 4 February 2011. The record day for redeeming the redemption shares is February 9, 2011, whereupon distribution of the WeSC-shares is expected to be executed by Euroclear Sweden AB during from February 11, 2011.
Additional information regarding the redemption procedure is included in the information brochure (in Swedish), which was prepared by the Board of Director’s and made public on December 20, 2010.
For further information please contact Johan Heijbel, Managing Director, AB Novestra (publ), phone no. +46 8 545 017 50.
About AB Novestra (publ)
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Diino AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Group GmbH. In addition, Novestra has an investment corresponding to approximately 11 percent of the shares in WeSC AB, listed on First North.
The Novestra shares are listed on NASDAQ OMX Stockholm, under the symbol NOVE, in the Small Cap section. For further information regarding AB Novestra, reference is made to www.novestra.com
The information in this press release is such that AB Novestra is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act and/or the NASDAQ OMX Stockholm rules. AB Novestra released the information for publication on December 22, 2010 at 5.15 pm (CET).
Download press release (PDF)
Proxy Form
The Board of Directors