The Executive Management in Bactiguard has been offered an opportunity to invest in the company by purchasing a sizeable number of shares.
The Executive Management in Bactiguard has been offered an opportunity to invest in the company by purchasing a sizeable number of shares. Other members of senior management have also been offered the opportunity to purchase shares.
The transaction was enabled by the two major shareholders Christian Kinch and Thomas von Koch, who have offered management to purchase a total of 751 013 shares of serie B, corresponding to a value of approx 9.2 MSEK. The total number of shares in the company amounts to 33 302 373. After the transaction, the two main shareholders each own shares representing 29.4 percent of the shares and 40.1 percent of the votes in the company.
“It is very encouraging to be presented with such an opportunity to invest in the company,where we are all contribute to build for the future”, says Nina Nilsson, Head of Marketing and member of Executive Management.
The investment by management comprises 751 013 shares of serie B and was made at a price of SEK 12.25 (the average closing price five days prior to and five days after the release of the interim report for the first quarter 2016, on May 12). The acquisitions were made on May 19, after close of trading on Nasdaq Stockholm.
“Our aim has been to offer senior management an opportunity to take part in the future development of the company as shareholders. Therefore, it is encouraging that we have been met by such a great interest, where management show their commitment to the company by making an investment of this size”, says the company’s main shareholders Christian Kinch and Thomas von Koch.
The senior managers who have taken the decision to purchase shares from the main shareholders have committed to keeping the investment for at least one year.
This is information that Bactiguard Holding AB (publ) is required to publish in compliance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on May 20, 2016, at 08.00
For further information, please contact:
Ulrika Berglund, Head of External Affairs, Cell & Text: +46 708 800 407