The Extraordinary General Meeting (“the EGM”) of shareholders in CDON Group AB (publ.) (“CDON Group” or “the Group”) held in Stockholm on the 14th of May 2013, resolved to approve CDON Group’s rights issue, announced on 17 April 2013.
The EGM resolved to approve the Board’s decision of 16 April, 2013 to strengthen CDON Group’s capital structure through a rights issue of ordinary shares with preferential rights for existing shareholders.
The rights issue will be carried out under the conditions set by the Board of Directors on 8 May, 2013:
Kinnevik, representing c. 25 per cent of the capital in CDON Group, has through a subscription commitment undertaken to subscribe for shares in the rights issue corresponding to its shareholding in CDON Group. The Extraordinary General Meeting’s resolution to approve the rights issue was adopted with the majority support of the vote cast required to meet the Swedish Securities Council’s conditions for granting Kinnevik exemption from the obligation to launch a mandatory offer in the event that Kinnevik’s share of the votes through subscription in the rights issue, would amount to or exceed 30 per cent of the votes for all shares in CDON Group. The prerequisite for Kinnevik’s guarantee undertaking is thereby met, and Kinnevik guarantees the rights issue.
Detailed terms for the rights issue are available in the prospectus, published by the Group on 17 May 2013.