Completion of share repurchase programme by Kinnevik

5 Nov 2008, 9:04 AM
Investment AB Kinnevik ("Kinnevik") announces that the Company, in accordance with the announcement on 8 September 2008 to repurchase Class A and Class B shares, has completed the repurchase programme of 3,500,000 Class B shares, which corresponds to approximately 1.3% of all shares in Kinnevik. The Board of Directors will propose to cancel the repurchased shares at the next Annual General Meeting.
The shares have been purchased at an average price of SEK 79.68. The Company currently owns 3,500,000 Class B shares. The total number of outstanding shares in the Company, excluding the repurchased shares, amount to 260,481,930.
For further information, visit or contact:
Mia Brunell Livfors, President and Chief Executive Officer
+46 (0)8 562 000 00
Torun Litzén, Director Investor Relations
+46 (0)8 562 000 83
+46 (0)70 762 00 83
Investment AB Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. The company's operations include three comprehensive business areas; Major Listed Holdings which includes Millicom International Cellular, Tele2, Modern Times Group MTG, Metro International and Transcom WorldWide, Major Unlisted Holdings which includes the cartonboard and paper company Korsnäs, and New Ventures which is active in finding new investments in small and mid sized companies with a significant growth potential. Kinnevik plays an active role on the Boards of its holdings.
Kinnevik is domiciled in Stockholm. The Kinnevik Class and Class B shares are listed on OMX Nordic Exchange Stockholm, Large Cap segment, within the financial and real estate sector. The ticker codes are KINV A and KINV B.