Brief: Kinnevik's Board Decides Final Terms And Timetable For Zalando Distribution

Kinnevik AB

11/05/2021 07:05

May 11 (Reuters) - Kinnevik AB  KINVb.ST :
    * REG-KINNEVIK'S BOARD HAS DECIDED THE FINAL TERMS AND
TIMETABLE
FOR THE ZALANDO DISTRIBUTION
    * BOARD HAS DECIDED TO DISTRIBUTE KINNEVIK'S ENTIRE
SHAREHOLDING
IN ZALANDO
    * KINNEVIK WILL DISTRIBUTE 28 ZALANDO SHARES FOR 143
KINNEVIK
REDEMPTION SHARES, EQUIVALENT TO APPROXIMATELY SEK 166 OR 0.195
ZALANDO SHARE PER KINNEVIK SHARE
    * KINNEVIK WILL THEREBY MAKE AN EXTRAORDINARY VALUE TRANSFER
OF
APPROXIMATELY SEK 45.8BN TO ITS SHAREHOLDERS

Source text for Eikon:  ID:nGNE1JNnc7 
Further company coverage:  KINVb.ST 

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