The document is an administrative matter that is being handled by the European Commission, a so called prior notification of concentration in accordance with EU competition legislation. The notification was submitted by Qliro Group’s largest shareholder Kinnevik and is related to that Kinnevik over a period of time has had a majority of the shares and votes represented at Qliro Group's shareholder meetings, as a result of decreased attendance of other shareholders, despite the fact that Kinnevik only holds 28.3 percent of the outstanding shares in Qliro Group.
The notification to the Commission is hence not triggered by an increase in ownership or any other action on Kinnevik's part.
The information in this announcement is such that Qliro Group AB (publ) is required to disclose under the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. This information was released for publication at 13:00 CET on 22 October 2015.
