The shares have been issued and repurchased in accordance with the terms and conditions for the long-term share incentive plan for Kinnevik employees adopted by the Annual General Meeting on 9 May 2022. Svenska Handelsbanken AB (publ) subscribed for all 1,212,450 incentive shares, whereof 606,225 of Class C 2022 and 606,225 of Class D 2022, at a subscription price corresponding to the quota value of SEK 0.10 per share. All issued incentive shares have subsequently been repurchased by Kinnevik for SEK 0.10 per share.
The purpose of the share issue and the repurchase is that the incentive shares shall be transferred, directly or indirectly, to employees participating in Kinnevik's long-term share incentive plan 2022, in accordance with the Annual General Meeting's resolutions. The incentive shares will, if and to the extent the performance-based condition for the respective share class is fulfilled, be reclassified to Kinnevik Class B shares during 2027.