CDON Group AB (publ) (”CDON Group”) today announced that it has issued and immediately repurchased 285,000 new class C shares. The shares have been issued and repurchased in accordance with the performance-based incentive programme, which was approved by the Annual General Meeting of shareholders held on 8 May 2012.
Nordea Bank AB (publ) subscribed for the entire issue of new class C shares at a subscription price of SEK 2.00 per share. The entire issue of class C shares has thereafter been repurchased by CDON Group for SEK 2.00 per share.
The purpose of the share issue is to enable the future delivery of ordinary shares to senior executives participating in CDON Group's incentive programme. The class C shares will be converted into ordinary shares prior to delivery to qualifying participants. Class C shareholders are not entitled to dividend payments.