| Home | May 2011News | Resolution on new issue and repurchase of C-shares deviating from shareholders’ preferential rights to hedge Swedbank’s incentive programme 2010 |
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 Resolution on new issue and repurchase of C-shares deviating from shareholders’ preferential rights to hedge Swedbank’s incentive programme 2010- Resolution on new issue and repurchase of C-shares deviating from shareholders’ preferential rights to hedge Swedbank’s incentive programme 2010
- May 03, 2011
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The Board of Directors of Swedbank AB (publ) (Swedbank) has resolved to issue 1,500,000 C-shares at an issue price of SEK 21, corresponding to the shares’ quotient value, as part of the hedging arrangements relating to Swedbank’s incentive programme in accordance with the authorization given by the Annual General Meeting 2011.
The reasons for the issue are to ensure delivery of shares to the participants in Swedbank’s incentive programme and to cover certain costs in connection with the programme. The issue will increase Swedbank’s share capital by SEK 31,500,000. The issue is directed to Barclays Bank Plc (Barclays).
The Board of Directors of Swedbank has further, in accordance with the authorization given by the Annual General Meeting on March 25, 2011, resolved on a directed offer to the subscriber of the C-shar...
- View more at: http://www.1888pressrelease.com/resolution-on-new-issue-and-repurchase-of-c-shares-deviating-pr-298973.html
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