Pursuant to the authorization granted by the annual general meeting on 27 April 2022, the Board of Directors of Boozt AB (”Boozt”) has resolved to issue and immediately thereafter repurchase 821,851 series C shares. The shares are issued and repurchased in accordance with the performance-based share program LTI 2022, which was adopted by the annual general meeting on 27 April 2022.
Pursuant to the authorization granted by the annual general meeting on 27 April 2022, the Board of Directors of Boozt has resolved on a directed issue of 821,851 series C shares to Nordic Issuing AB. The subscription price per share amounts to approximately SEK 0.083333, which corresponds to the quota value of the shares. Furthermore, the Board of Directors has resolved to immediately repurchase all 821,851 series C shares from Nordic Issuing AB at a price corresponding to the subscription price.
The purpose of the issue and the repurchase of series C shares is to, when the series C shares have been converted to ordinary shares, ensure delivery of performance shares to senior executives and key employees of Boozt who are participating in LTI 2022. Allotment of performance shares in LTI 2022 shall take place within 30 days after 27 April 2025.
Since previously, Boozt holds 1,658,375 series C shares. The series C shares carry one-tenth of a vote per share and do not entitle to dividends.