Change in number of shares and votes in Boliden
Boliden has executed a 2:1 share split following a decision from its annual general meeting on April 28, 2022. This split, completed in May 2022, increased the total number of shares and votes to 547,022,338. However, the additional shares generated by the split will be redeemed in June 2022, reverting the total to 273,511,169. The shares are part of a redemption procedure aimed at enhancing shareholder value.
For more details, visit Boliden's website.
- Implementation of a 2:1 share split enhances share liquidity.
- Increase in share count can attract more investors.
- The overall number of shares will return to 273,511,169 after redemption, limiting long-term equity expansion.
BOLIDEN, Sweden, May 31, 2022 /PRNewswire/ -- As previously announced, the annual general meeting in Boliden on April 28, 2022 resolved on an automatic share redemption procedure including a split of Boliden's shares, a so called share split 2:1, whereby one existing share is divided into two shares. The share split has been carried out during May 2022, resulting in an increase of the number of shares and votes in Boliden by 273,511,169.
As of May 31, 2022 the number of shares and votes in Boliden totals 547,022,338. The shares added through the share split will, however, be redeemed during June 2022 as a part of the redemption procedure, after which the number of shares and votes in the company again will amount to 273,511,169.
For more information about the redemption procedure, please see Boliden's website www.boliden.com.
This information is information that Boliden AB is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 08.00 CET on May 31, 2022.
For further information, please contact:
Klas Nilsson
Director Group Communications
Phone: 070 - 453 65 88
klas.nilsson@boliden.com
Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, our market global. Our core competence lies within the fields of exploration, mining, smelting and metal recycling. Boliden has around 6,000 employees and an annual turnover of around SEK 70 billion. The share is listed in the Large Cap segment on NASDAQ OMX Stockholm.
www.boliden.com
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SOURCE Boliden
FAQ
What significant action did Boliden take on May 31, 2022 regarding its shares?
When will the additional shares from Boliden's share split be redeemed?
What was the purpose of Boliden's share split announced on April 28, 2022?
How will Boliden's total shares change after the redemption procedure?
