The AGM of NetEnt AB Splits Up Shares for Automatic Redemption Program – Authorizes Distribution of Capital to Shareholders
It was decided on April 21, 2016 that each NetEnt share would be split up into seven new shares. Each one of the seven shares will be turned into a redemption share. The shares will, in return, be automatically redeemed at 8.00 SEK cash.
NetEnt AB is making the last day of trading shares before the split happens May 3rd. Redemption share entitlement date is set for May 6, 2016. All shareholders of Net Entertainment who are registered with Euroclear on May 6th will be entitled to redemption shares. Therefore, the very last day of trading including the right to redemption shares is May 3rd. The first day of excluding trading for the right to redemption shares will start on May 4th.
Redemption shares of series B will be traded on Nasdaq Stockholm from May 9 through May 23 under NET IL B. Series A will be traded through Mangold Fondkommission from May 9- May 23 under NET IL A. Automatic redemption is set for a record date of May 25. Cash payment shares of SEK 8.00 is expected to be firm on May 30.
Along with the redemption procedures changing, the ISIN codes with ordinary shares will also be changed.