DS Plattformen determines record date for reverse share split
The annual general meeting of DS Plattformen, reg. no. 556939-8752 ("DS Plattformen" or the "Company"), held on 11 April 2023 (the "AGM"), resolved on a reverse share split whereby fifteen (15) shares are to be consolidated into one (1) share. The AGM resolved to authorize the board of directors to set a record date for the reverse share split. The board of directors of DS Plattformen has now, with the support of the authorization, determined that the record date for the share split shall be 17 May 2023.
DS PLATTFORMEN DETERMINES RECORD DATE FOR REVERSE SHARE SPLIT
The annual general meeting of DS Plattformen, reg. no. 556939-8752 ("DS Plattformen" or the "Company"), held on 11 April 2023 (the "AGM"), resolved on a reverse share split whereby fifteen (15) shares are to be consolidated into one (1) share. The AGM resolved to authorize the board of directors to set a record date for the reverse share split. The board of directors of DS Plattformen has now, with the support of the authorization, determined that the record date for the share split shall be 17 May 2023.
Time table for the reverse share split:
15 May 2023 | Last day of trading before the reverse split. |
16 May 2023 | First day of trading after the reverse split. |
17 May 2023 | Record date for the reverse share split. |
Shareholders do not need to take any measures to participate in the reverse split. As a result of the reverse split, the Company´s shares will change ISIN code. As of 16 May 2023, the shares of series B will trade under the new ISIN code SE0020203271 and the shares of series A will have the new ISIN code SE0020203263.
If a shareholder's holding of shares does not correspond to a full number of new shares, i.e. is not evenly divisible by 15, this shareholder will receive from a guarantor, on behalf of the Company, free of charge, so many shares of series A or series B, that his/her/its holding, after addition of the shares provided by the guarantor, will be evenly divisible by 15, so-called rounding upwards.
After the reverse split, the number of shares in DS Plattformen will amount to 3,006,125 shares, with a quota value of SEK 0.1665 per share.
The information was submitted for publication, through the contact person set out below, at 17.30 CEST 12 May 2023.
For further information, please contact:
Sven Otto Littorin, Chairman of the board of directors in DS Plattformen AB, littorin@gibranassociates.com
The following documents can be retrieved from beQuoted
Press-release-120523-DS-Plattformen.pdf
DS Plattformen AB is a Swedish public limited liability company, which invests in smaller listed companies in order to create both short-term and long-term high and stable returns to its shareholders via dividends.