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Extra General Meeting 2014

CDON Group AB (publ.), the leading e-commerce group in the Nordic region, today (21 November 2014) announced that the Extraordinary General Meeting (EGM), held today in Stockholm, approved the company’s preferential rights issue, announced on 22 October 2014, and resolved to amend the Articles of Association including the change of the company name to Qliro Group AB (publ.).

The EGM resolved to approve the Board’s decision of 21st of October 2014 to increase the company’s share capital through a new issue of ordinary shares with preferential rights for existing shareholders.

The rights issue is carried out in accordance with the conditions set by the Board of Directors on 17 November 2014:

  • Shareholders in CDON Group have preferential rights to subscribe for 1 new share per 2 existing shares.
  • The subscription price is SEK 13 per new share, which represents total rights issue proceeds of approximately MSEK 647  before transaction costs.
  • The subscription period is 28 November – 12 December 2014 with the possibility for the Board to extend the subscription period.
  • Up to 49,756,593 new shares will be issued, which will increase the share capital with up to SEK 99,513,186, at full subscription.
  • The record date at Euroclear Sweden AB for the right to receive subscription rights is 25 November 2014.

The rights issue is fully guaranteed by Investment AB Kinnevik.

Detailed terms for the rights issue will be available in the prospectus, expected to be published by CDON Group on or about 27 November 2014.

The EGM also resolved to amend the Articles of Association’s provisions regarding the company’s name (to Qliro Group AB (publ.)), the object of the company’s business (to own and manage real property and movables, primarily through investments in businesses within the areas internet, online, e-commerce and retailing primarily with consumer brands and products as well as financing operations) as well as the minimum and maximum share capital and number of shares. Until the new Articles of Association have been registered by the Swedish Companies Registration Office (Sw. Bolagsverket), which will take place around 2 January 2015, the company will use the existing company name CDON Group AB.

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