During 2012, Johan Andersson, CFO of Addnode Group, and Rolf Kjærnsli, President of the business area Design Management, bought 100,000 warrants pertaining to Series B shares in Addnode Group AB. The warrants were issued by the two largest shareholders, Vidinova AB and Aretro Capital Group AB, as a part of an incentive program without the involvement of Addnode Group. The Group does not have any other share-based incentive programs.
On December 15, 2015, both Johan Andersson and Rolf Kjærnsli did a redemption of all issued warrants into Series B shares. Both Johan Andersson and Rolf Kjærnsli have thereafter sold a part of their shareholding in order to finance the redemption of the warrants.
Johan Andersson owns 5,973 Series B shares since previously and has after above described transaction a total shareholding of 55,973 Series B shares. Rolf Kjærnsli did before the transactions, through a company, own 39,498 Series B shares and has after above described transactions increased his ownership to a total shareholding of 79,498 Series B shares.
– "Addnode Group has during my nine years in the company tripled the turnover and is in continuous strong growth. We have a clear strategy and will keep expanding further. Increasing my long term shareholding is a natural step in my company commitment", says Johan Andersson, CFO of Addnode Group.
After above redemption of warrants, Vidinova AB's holding in Addnode Group AB decreases by 100,000 Series B shares to 361,667 Series A shares and 7,059,783 Series B shares. Aretro Capital Group AB's holding in Addnode Group AB decreases by 100,000 Series B shares to 625,332 Series A shares and 3,154,624 Series B shares after the redemption of warrants.