Conversion of All Series A Shares to Series B Shares in Serneke

Image: Serneke

Conversion of All Series A Shares to Series B Shares in Serneke

Sweden — Serneke Group AB has received a request from the series A shareholders to convert all shares of series A in Serneke to series B shares, in accordance with the conversion clause in Serneke's articles of association.

2022-11-10

The board has decided to start the process of conversion, that will take place as soon as possible.

After the conversion there will be no series A shares in the company. The total number of shares (28,753,232) is not affected, but all shares will be series B shares. A share of series A carries one (1) vote and a share of series B carries one tenth (0.1) vote. After the conversion, the total number of votes will therefore decrease from 7,267,323 to 2,875,323.

Axel Ohlsson

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