Swedish Match AB (publ) share capital

Rhea-AI Summary

Swedish Match AB has canceled 55,000,000 treasury shares as per the resolution from the Annual General Meeting on April 27, 2022. This action keeps the share capital unchanged at 13,559,080.98 SEK. Simultaneously, share capital was increased by transferring from non-restricted shareholders' equity to maintain the previous balance. As of May 31, 2022, the total number of shares stands at 1,525,000,000, including treasury shares. This adjustment reflects the company's strategic management of its share capital.

In accordance with the resolution at the Annual General Meeting on April 27, 2022, Swedish Match AB (publ) has cancelled 55,000,000 repurchased treasury shares.

STOCKHOLM, May 31, 2022 /PRNewswire/ -- The share capital of 13,559,080.98 SEK remains unchanged, since, simultaneous with the resolution to reduce the share capital by means of withdrawal of repurchased treasury shares, it was resolved to increase the share capital by a transfer from non-restricted shareholders' equity to the share capital (bonus issue). Thereby the share capital was restored to its balance prior to the reduction, without the issuing of any new shares.

The total number of shares in the Company, including the treasury shares held by Swedish Match AB (publ), on May 31, 2022 amounts to 1,525,000,000 shares with the equivalent amount of votes.

CONTACT:

Lars Dahlgren, President and Chief Executive Officer
Phone +46 8 658 0441

Anders Larsson, Chief Financial Officer and Senior Vice President Group Finance
Phone +46 10 139 3006

Emmett Harrison, Senior Vice President Investor Relations
Phone +46 70 938 0173

Johan Levén, Investor Relations and Business Analysis Manager
Phone +46 70 207 2116

This information is information that Swedish Match AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 10.00 a.m. CET on May 31, 2022.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/swedish-match/r/swedish-match-ab--publ--share-capital,c3576453

The following files are available for download:

https://mb.cision.com/Main/2004/3576453/1586140.pdf

Swedish Match share capital_ENG

View original content:https://www.prnewswire.com/news-releases/swedish-match-ab-publ-share-capital-301557621.html

SOURCE Swedish Match

FAQ

What is the significance of Swedish Match canceling treasury shares?

The cancellation of 55,000,000 treasury shares aims to optimize the company's share capital structure without affecting the total share count.

What was the capital structure of Swedish Match after the treasury share cancellation on May 31, 2022?

Post-cancellation, Swedish Match's share capital remains at 13,559,080.98 SEK with a total of 1,525,000,000 shares.

When was the treasury share cancellation approved by Swedish Match?

The treasury share cancellation was approved at the Annual General Meeting on April 27, 2022.

Did the treasury share cancellation affect the total number of shares in Swedish Match?

No, the cancellation did not affect the total number of shares, which remains at 1,525,000,000.