Insiders expand long term shareholding in the company

18 December 2015, 08:30 CET
Stockholm December 18, 2015 – Two people in the management team of Addnode Group have increased their long term shareholding in the company by a redemption of warrants. The warrants were issued in 2012 by the two largest shareholders, Vidinova AB and Aretro Capital Group AB.

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.

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