The decrease is due to Kinnevik's redemption of 9,975 incentive shares of class C 2021 and 9,975 incentive shares of class D 2021 held in treasury by the company.
During July Kinnevik has also reclassified 39,158 incentive shares of class D 2019, 113,292 incentive shares of class E 2019 and 113,292 incentive shares of class F 2019 held by participants in Kinnevik's long-term share incentive plan for 2019 into 265,742 ordinary shares of class B, in accordance with Kinnevik's articles of association. As a result of the reclassification, the number of ordinary shares of class B in Kinnevik has increased during July and amounts to 242,683,858.
As of 29 July 2022, the number of shares in Kinnevik are divided into two classes of ordinary shares and nine classes of incentive shares as follows:
- 33,755,432 ordinary shares of class A with ten votes each and 242,683,858 ordinary shares of class B with one vote each (of which Kinnevik holds 133 ordinary shares of class B in treasury), and
- 297,258 incentive shares of class G 2018, 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, 416,800 incentive shares of class C 2021, 416,800 incentive shares of class D 2021, 606,225 incentive shares of class C 2022 and 606,225 incentive shares of class D 2022, all with one vote each (of which Kinnevik holds 55,570 incentive shares of class C 2022 and 55,570 incentive shares of class D 2022 in treasury).