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RNB Retail and Brands AB (publ) (the “Company”), held an extraordinary shareholders meeting on Wednesday 27 March 2013, at the Company’s offices on Regeringsgatan 29 in Stockholm. The extraordinary shareholders meeting resolved on, inter alia, the following.
Reduction of share capital without cancellation of shares
The extraordinary shareholders meeting resolved on the reduction of the Company’s share capital by SEK 160,462,493.47, without cancellation of shares, for allocation to a fund to be used at the discretion of the shareholders meeting. The purpose of the reduction is to enable the issue of new shares, as resolved by the board of directors on 21 February 2013.
Amendments to the articles of association
The extraordinary shareholders meeting resolved on amendments to the articles of association, with regards to the limits of the share capital and the number of shares.
Approval of the board’s resolution to issue new shares
The extraordinary shareholders meeting resolved to approve the board’s resolution of 21 February 2013 to issue new shares with preferential rights for the Company’s existing shareholders. The resolution includes, inter alia, that those who, on the record date 3 April 2013, are registered as shareholders in the Company, have preferential subscription right to subscribe for 40 new shares for every share held. Up to 6,617,010,040 shares will be issued at a subscription price of SEK 0.07, which, at full subscription, represents total rights issue proceeds of approximately SEK 463 million excluding costs related to the transaction.
Consolidation of the Company’s shares
The extraordinary shareholders meeting resolved on the consolidation of the Company’s shares, meaning that 200 shares are consolidated into one share. The board is authorised to decide on the record date of the consolidation and shall, in conjunction therewith, publish more detailed procedural information regarding the consolidation of shares.
The complete proposals for resolutions as referenced above are available on the Company’s website www.rnb.se.
RNB RETAIL AND BRANDS AB (publ) discloses the information provided here pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 27 March 2013, at 19.00 p.m. CET.