The Board of Kinnevik Adjusts the Terms of Agreements with the Participants in the Proposed Share Incentive Plan
October 20 2021 - 10:00AM
The Board of Kinnevik Adjusts the Terms of Agreements with the
Participants in the Proposed Share Incentive Plan
Kinnevik AB (publ) ("Kinnevik")
today announced that the Board has resolved to
adjust the terms of agreements with the participants in the
long-term share incentive plan for Kinnevik employees that the
Board has proposed to the Extraordinary General Meeting
tomorrow, 21 October 2021.
Kinnevik's Board has resolved to adjust the
terms of agreements which will be entered into with the
participants in Kinnevik's long-term share incentive plan for 2021,
subject to the Extraordinary General Meeting resolves to adopt the
plan. The Board has resolved that the maximum profit per incentive
share will be limited to an amount corresponding to 4.25 times the
average closing price for Kinnevik's Class B share during September
2021, instead of 6.0 times the average closing price for Kinnevik's
Class B share during September 2021, as set out in the Board's
proposal in the notice to the Extraordinary General Meeting.
The Board's complete proposal regarding the
share incentive plan is available on Kinnevik's website at
www.kinnevik.com under the heading "General Meetings" (which can be
found under the section "Governance"). The other terms of the
proposed share incentive plan remain unchanged.
For further information, visit
www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations Phone +46 (0)70 762 00
50 Email press@kinnevik.com
Kinnevik is an industry focused investment
company with an entrepreneurial spirit. Our purpose is to make
people's lives better by providing more and better choice. In
partnership with talented founders and management teams we build
challenger businesses that use disruptive technology to address
material, everyday consumer needs. As active owners, we believe in
delivering both shareholder and social value by building long-term
sustainable businesses that contribute positively to society. We
invest in Europe, with a focus on the Nordics, the US, and
selectively in other markets. Kinnevik was founded in 1936 by the
Stenbeck, Klingspor and von Horn families. Kinnevik's shares are
listed on Nasdaq Stockholm's list for large cap companies under the
ticker codes KINV A and KINV B.
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