Midsona has completed the issue and repurchase of its own Class C shares
Midsona has completed the issue and repurchase of its own Class C shares
Pursuant to the authorization granted by the 2026 Annual General Meeting, the Board of Directors of Midsona AB (publ) (the ”Company”) has today resolved on a directed new share issue and immediate repurchase of 2,552,118 Class C shares. The measures are intended to ensure the Company’s delivery of shares to the participants in the long-term share-based incentive programme 2026/2028 (”LTI 2026/2028”) adopted by the Annual General Meeting, and to cover certain costs that may arise in connection with the programme.
The Annual General Meeting on 6 May 2026 resolved to adopt LTI 2026/2028 for the CEO, the CFO, other members of the executive management team and other key employees of the Company. In connection therewith, the Annual General Meeting resolved to authorize the Board of Directors to resolve on a directed new issue of convertible and redeemable Class C shares and to resolve on the repurchase of Class C shares, in order to ensure delivery of shares under the programme and to hedge, from a cash-flow perspective, costs for the programme, mainly social security contributions, as well as any need for cash settlement in certain countries.
The Board of Directors has today resolved to utilise these authorizations by issuing 2,552,118 Class C shares to Nordea Bank Abp, branch in Sweden, and subsequently repurchasing all of these shares, of which 1,958,064 shares may be transferred to participants in accordance with the terms of LTI 2026/2028 and 594,054 shares may be transferred on the market in order to secure the cash flow for costs relating to LTI 2026/2028. The issue was carried out at a subscription price corresponding to the quota value of SEK 5 per share, meaning that the Company’s share capital increases by SEK 12,760,590. All of the Class C shares were subsequently repurchased by the Company for an amount per share corresponding to the quota value. The class C shares do not carry any entitlement to dividends.
The Class C shares will be converted into Class B shares in connection with the shares being delivered to participants in LTI 2026/2028 or transferred on the market. The Company does not hold any treasury shares other than the 2,552,118 Class C shares issued and repurchased today.