STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
The AGM of NetEnt AB (publ) on April 21 2016 decided that each NetEnt share will be split into seven new shares (through a split 7:1), one of which will be a redemption share. Each redemption share will be automatically redeemed at 8.00 SEK in cash. The last day of trading in NetEnt shares before the split, including the right to redemption shares is May 3, and the record date for entitlement to redemption shares is May 6.
Shareholders of NetEnt registered with Euroclear on the record date for the share split on May 6 2016 are entitled to redemption shares. Hence, the last day of trading in NetEnt shares including the right to redemption shares is May 3. The first day of trading excluding the right to redemption shares will be May 4.
Trading in redemption shares of series B will take place on Nasdaq Stockholm during the trading period of 9 May – 23 May under the ticker NET IL B. Trading in redemption shares of series A will be offered through Mangold Fondkommission during the trading period of 9 May – 23 May under the ticker NET IL A. The record date for automatic redemption is May 25. A cash payment of SEK 8.00 per redemption share is expected to be settled on May 30, 2016.
In connection with the redemption procedure, the ISIN codes of the ordinary NetEnt shares will be changed. The following new ISIN codes will be valid as of May 4, 2016.
For more information, please read the information folder about the redemption program on NetEnt’s website at www.netent.com/agm
NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs 700 people in Stockholm, Malta, Kiev, Gothenburg, Gibraltar and New Jersey. www.netent.com
This information was brought to you by Cision http://news.cision.com