Logistea AB (publ) (“Logistea”) resolved at the Extraordinary General Meeting (“EGM”) held on October 22, 2021 to carry out a reverse share split of 1:10. The reverse share split means that ten (10) Ordinary Shares of Class A will be consolidated into one (1) Ordinary Share of Class A and that ten (10) Ordinary Shares of Class B will be consolidated into one (1) Ordinary Share of Class B. Furthermore, the EGM also resolved to authorize the Board of Directors to decide the record date for the reverse share split. The Board of Directors has today decided, in accordance with the authorization from the EGM, that the record date for the reverse share split shall be November 24, 2021. The last day of trading in Logistea's shares prior to the reverse share split is November 22, 2021.
Timetable for the reverse share split:
November 22, 2021: Last day of trading in Logistea Ordinary Shares of Class A and Class B before the reverse share split.
November 23, 2021: First day of trading in Logistea Ordinary Shares of Class A and Class B after the reverse share split. From this day the effect of the reverse share split will be reflected in the share price.
November 24, 2021: Record date for the reverse share split.
The reverse share split will be carried out automatically through Euroclear Sweden AB. Shareholders do not need to take any action to participate. As a consequence of the reverse share split, Logistea's shares will change ISIN-codes. From November 24, 2021, Logistea Ordinary Shares of Class A will be traded with ISIN-code SE0017131329 and Logistea Ordinary Shares of Class B will be traded with ISIN-code SE0017131337.
If a shareholder's holding of a shares of a certain class does not correspond to a full number of new shares of the same class, excess shares will be sold at Logistea's expense, and affected shareholders will receive their share of the sales proceeds.