Press release 16 May 2017
On 16 May 2017, the Board of Directors of Ratos AB (publ) resolved on a compulsory redemption of all Class C preference shares, for total redemption proceeds of SEK 1,300m.
In accordance with the redemption provision in Article 6, item 5 of the Articles of Association, the Board of Directors of Ratos has decided to reduce the company's share capital by SEK 2,614,500, i.e. from SEK 1,023,658,322 to SEK 1,021,043,822, through the compulsory redemption of 830,000 Class C preference shares. The total redemption proceeds amount to SEK 1,300m, corresponding to SEK 1,837.50 per Class C preference share. Since Ratos has repurchased 122,592 per Class C preference shares, the redemption proceeds will only be paid for the outstanding 707,408 per Class C preference shares.
The following applies to the redemption of Class C preference shares:
Timetable for the redemption process
9 June 2017 Final date for trading with Ratos Class C preference shares on Nasdaq Stockholm
13 June 2017 Record date
16 June 2017 Payment of redemption proceeds
For questions, please contact:
Magnus Agervald, CEO Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press Ratos, +46 8 700 17 98
Financial calendar from Ratos:
Interim report January-June 2017 17 August 2017
Interim report January-September 2017 14 November 2017
Ratos is an investment company that owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos's portfolio consists of 17 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has a total of approximately 14,200 employees.
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