Issue and repurchase of class C shares for the EQT Share Program
EQT AB (publ) (“EQT AB”) announces that the board of directors has resolved to issue 8,663,490 class C shares and immediately thereafter repurchase all of the issued shares.
By virtue of an authorization by the annual general meeting on 27 June 2019, the board of directors has resolved to increase the share capital with SEK 866,349 through a directed issue of 8,663,490 class C shares to Skandinaviska Enskilda Banken AB (publ) (“SEB”), each with a subscription price of SEK one tenth (0.1) per share, corresponding to its quota value. Pursuant to the board of directors’ resolution, all issued class C shares will thereafter be repurchased from SEB at the same price.
The purpose of the issue and the repurchase is to ensure delivery of shares to employees within EQT under the EQT Share Program adopted by the annual general meeting on 27 June 2019. The class C shares will be delivered to qualifying participants in the program and converted into ordinary shares at the end of the holding period in accordance with the terms and conditions of the EQT Share Program. For more information, see page 144 in the prospectus or: www.eqtgroup.com/shareholders/corporate-governance/incentive-programs/. The class C shares entitle to dividends and each share entitles to 1/10 voting right. EQT AB holds no class C shares previously.
Contact
Kim Henriksson, CFO, +46 8 506 55 300
Åsa Riisberg, Partner & Head of Shareholder Relations, +46 8 506 55 342
Nina Nornholm, Head of Communications, +46 70 855 03 56
EQT Press Office,press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors and strategies. With a strong brand and distinct corporate culture, EQT manages and advises funds and vehicles that invest across the world with the mission to generate attractive returns to the fund investors.
EQT’s talent base and network allow it to pursue a unique value creation approach and thematic investment strategy, with the aim of future-proofing the companies which EQT invests in, creating superior returns and making a positive impact with everything EQT does.
EQT has more than EUR 62 billion in raised capital since inception, currently around EUR 40 billion in assets under management across 19 active funds within three business segments – Private Capital, Real Assets and Credit. EQT is a thought leader within the private markets industry with deep expertise in responsible and long-term ownership, corporate governance, operational excellence, digitalization and sustainability. EQT has offices in 15 countries across Europe, Asia Pacific and North America with more than 650 employees.
The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which includes entities advising EQT funds as well as general partners and fund managers of EQT funds.
More info: www.eqtgroup.com
Follow EQT on Twitterand LinkedIn