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Lagercrantz has sold own B-shares

2022-11-21 17:00
Regulatory
The board of directors of Lagercrantz Group AB (publ) (”Lagercrantz”) has today, in accordance with the authorization from the annual general meeting held 30 August 2022 and as indicated by a press release on 21 November 2022, resolved to sell 1.5 million B-shares held by the company, corresponding to 0.7 percent of the total number of outstanding shares and 0.5 percent of the number of votes in Lagercrantz.

The shares have been sold to Swedish and international institutional investors, including Cliens Kapitalförvaltning AB and Didner & Gerge Fonder AB, at a price of SEK 105 per share. The sale price has been determined through a sale process carried out by Danske Bank A/S, Denmark, Sweden Branch.

The motive for the annual general meeting’s authorization that the sale of own B-shares can be carried out with deviation from existing shareholder’s preferential rights is to, on a time and cost-effective way, adjust the capital structure which enables additional acquisitions of companies or businesses, which is the intended use of the net proceeds.

The total number of shares in Lagercrantz amount to 208,559,781, of which 9,791,406 are A-shares and 198,768,375 are B-shares. Lagercrantz holds 3,315,604 own B-shares after the completion of the sale.