The increase is due to the new issue of 1,212,450 reclassifiable, sub-ordinated, incentive shares of class C 2022 and class D 2022, which, in accordance with the resolutions by the 2022 Annual General Meeting, have been transferred directly or indirectly to participants in Kinnevik's 2022 long-term share incentive plan.
As of 30 June 2022, the total number of shares in Kinnevik are divided into two classes of ordinary shares and twelve classes of incentive shares as follows:
- 33,755,432 ordinary shares of class A with ten votes each and 242,418,116 ordinary shares of class B with one vote each (of which Kinnevik holds 133 ordinary shares of class B), and
- 297,258 incentive shares of class G 2018, 39,158 incentive shares of class D 2019, 113,292 incentive shares of class E 2019, 113,292 incentive shares of class F 2019, 379,312 incentive shares of class G 2019, 53,242 incentive shares of class C1 2020, 309,480 incentive shares of class C2 2020, 629,615 incentive shares of class D 2020, 426,775 incentive shares of class C 2021, 426,775 incentive shares of class D 2021, 606,225 incentive shares of class C 2022 and 606,225 incentive shares of class D 2022, with one vote each (of which Kinnevik holds 9,975 incentive shares of class C 2021, 9,975 incentive shares of class D 2021, 55,570 incentive shares of class C 2022 and 55,570 incentive shares of class D 2022 in treasury).