Lund, 20 September 2017 – At the Extraordinary General Meeting (the “EGM”) in Anoto Group AB (publ) held on 1 September 2017, it was resolved on a reverse share split 1:30, whereby thirty (30) existing shares becoming one (1) share . Further, the EGM authorised the Board of Directors to determine the record date for the reverse share split.
The Board of Directors of Anoto has today resolved that the record date for the reverse split shall be Wednesday 4 October 2017.
Timetable for the reverse split:
-- Last day for trading in the Anoto share prior to the reverse split shall be Monday 2 October 2017
-- First day for trading in the Anoto share after the reverse split shall be Tuesday 3 October 2017, which means that the share price as from this date will reflect the effects of the reverse split.
-- The record date for the reverse split shall be Wednesday 4 October 2017
No action is required by shareholders to participate in the reverse split.
As a consequence of the reverse split, the ISIN Code for the Anoto share will be changed. As from 3 October 2017, the shares will be traded with the new ISIN Code SE0010415281.
The reverse split means that the total number of shares in Anoto will be reduced from 2,976,942,732 shares to 99,231,424 shares, each with a quota value of approximately SEK 0.60. The reverse split will result in a corresponding re-calculation of the outstanding convertible bonds and incentive schemes in Anoto.
Shareholders, whose number of shares on the record date is not evenly divided by 30, will for no consideration receive shares from Nerthus Investments Limited, the largest shareholder of the Company, so that their respective shareholding will be evenly divided by 30. The transfer of these rounding shares will be administrated by Euroclear Sweden AB and without shareholders being required to take any further actions. Nerthus Investments Limited has also undertaken to round down its remaining shareholding in the Company to the nearest number evenly divided by 30.
For further information, please contact:
Joonhee Won, CEO
For more information about Anoto, please visit www.anoto.comor email firstname.lastname@example.org
Anoto Group AB (publ), Reg.No. 556532-3929, Mobilvägen 10, SE- 223 62 Lund
Tel. +46 46 540 12 00
Anoto is a publicly held Swedish technology company known globally for innovation in the area of information-rich patterns and the optical recognition of those patterns. It is a leader in digital writing and drawing solutions, having historically used its proprietary technology to develop smartpens and the related software. These smartpens enrich the daily lives of millions of people around the world. Now Anoto is also using its pattern, optics, and image-processing expertise to bridge between the analogue and digital domains through an initiative known as Anoto DNA (ADNA). ADNA makes it possible to uniquely and unobtrusively mark physical objects and then easily identify those individual objects using ubiquitous mobile devices such as phones and tablets. ADNA is enabling exciting possibilities for product innovation, marketing insights, and supply-chain control. Anoto is traded on the Small Cap list of Nasdaq Stockholm under ANOT.
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