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Kinnevik AB (publ) (“Kinnevik”) announced today that, in accordance with the previously communicated timetable, the company has completed the distribution of Kinneviks stake in Zalando to its shareholders in the form of Zalando shares registered with Euroclear Sweden (Swedish Zalando Shares) and that the re-registration on Zalando Shares registered with Clearstream in Germany (“German Zalando Shares”) takes effect today Wednesday, June 23, 2021. Holders of Swedish Zalando shares can re-register their Swedish Zalando shares in German Zalando shares free of charge from today until Wednesday 14 July 2021. The re-registration is being made to enable shareholders to complete transactions with the distributed Zalando shares on the Frankfurt Stock Exchange. Furthermore, on June 21, 2021, the Swedish tax authorities published recommendations for determining the acquisition costs for the Swedish Zalando shares distributed.
Kinneviks’ stake in Zalando was divided for technical reasons in the form of Swedish Zalando shares. During the period June 23 – July 14, 2021, Kinnevik is offering holders of Swedish Zalando shares, which do not allow the holders to trade on an exchange, to re-register them free of charge for German Zalando shares that can be traded on the exchange. Frankfurt Stock Exchange where the Zalando share is listed. The re-registration will be made after the application period and on or about July 21, 2021, the German Zalando shares will be delivered to shareholders who choose to participate in the re-registration. Re-registration based on received registration forms can also take place during the registration period. In addition, holders of Swedish Zalando Shares may at any time re-register their Swedish Zalando Shares into German Zalando Shares in accordance with instructions from the bank operating the holder’s brokerage account or in accordance with instructions from nominees, for such re-registration banks and other nominees normally charge a fee. Please note that Zalando shareholders who do not participate in the re-registration, or who do not arrange to re-register their Swedish Zalando shares themselves, are holding Zalando shares that are not tradeable on any exchange.
Depending on whether the shareholder’s holding is registered directly or in the name of a nominee, different measures are required to participate in the re-registration. An information brochure with further information and detailed instructions on re-registration is available on the Kinneviks website at www.kinnevik.com under the Zalando Distribution section (located under the Investors section).
The Swedish Tax Agency’s recommendations for determining the cost of acquisition for distributed Swedish Zalando shares were published by the Swedish Tax Agency on June 21, 2021. The recommendations are available on the Kinneviks website at www.kinnevik.com under the heading Tax Information (which can be found under the Investors section) and the Swedish Tax Agency’s website at: www.skatteverket.se.
Shareholders with questions about the transaction should contact their nominee or bank or Kinnevik’s Computershare-operated call center service for more information.
Phone :+46 (0)8 46 00 73 89
E-mail: [email protected]
For more information, visit www.kinnevik.com or contact:
Torun Litzn, Director of Investor Relations
Phone +46 (0)70 762 00 50
Email [email protected]
Kinnevik’s ambition is to be Europe’s leading publicly traded growth investor, and we support the best digital companies to improve people’s lives and deliver significant returns. We understand complex and rapidly changing consumer behavior and have a strong and growing portfolio in healthtech, consumer services, foodtech and fintech. As a long-term investor, we believe that investing in sustainable business models and diverse teams will deliver the greatest returns for shareholders. We support our companies at every stage of their journey and invest in Europe, with a focus on Scandinavia, and in the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinneviks shares are listed on the Nasdaq Stockholms list for large-cap companies under the ticker codes KINV A and KINV B.
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