Decreased number of shares and votes in Kinnevik
The decrease is due to the redemption by Kinnevik of all 618,815 outstanding incentive shares of Class D 2020 as the applicable performance condition was not fulfilled during the period 1 April 2020 – 31 March 2025. Additionally, the company has redeemed 63,770 incentive shares of Class C 2023, 63,770 of Class D 2023, 77,554 incentive shares of Class C1 2024, 310,216 incentive shares of Class C2 2024, 77,554 incentive shares of Class D1 2024, and 310,216 incentive shares of Class D2 2024, held in treasury and by former participants in Kinnevik's long-term incentive plans for 2023 and 2024.
As of 30 May 2025, the shares in Kinnevik are divided into two classes of ordinary shares and ten classes of incentive shares as follows:
- 33,755,432 ordinary shares of Class A with ten votes each and 243,217,233 ordinary shares of Class B with one vote each (of which Kinnevik holds one (1) Class B ordinary share in treasury); and
- 396,523 incentive shares of Class C 2021, 396,523 of incentive shares Class D 2021, 509,144 incentive shares of Class C 2022, 509,144 incentive shares of Class D 2022, 659,341 incentive shares of Class C 2023, 659,341 incentive shares of Class D 2023, 166,902 incentive shares of Class C1 2024, 667,608 incentive shares of Class C2 2024, 166,902 incentive shares of Class D1 2024, and 667,608 incentive shares of Class D2 2024 — all with one vote each.