The increase is due to a new issue of 2,010,222 reclassifiable, sub-ordinated, incentive shares of Class C 2023 and Class D 2023, which have been transferred directly or indirectly to participants in Kinnevik's 2023 long-term incentive plan in accordance with the resolutions by the Annual General Meeting.
As of 31 May 2023, 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 242,861,561 ordinary shares of Class B with one vote each (of which Kinnevik holds one (1) ordinary share of Class B in treasury); and
- 379,312 incentive shares of Class G 2019, 52,492 incentive shares of Class C1 2020, 303,180 incentive shares of Class C2 2020, 618,815 incentive shares of Class D 2020, 404,800 incentive shares of Class C 2021, 404,800 incentive shares of Class D 2021, 552,755 incentive shares of Class C 2022, 552,755 incentive shares of Class D 2022, 1,005,111 incentive shares of Class C 2023 and 1,005,111 incentive shares of Class D 2023, all with one vote each (of which Kinnevik holds 142,914 incentive shares of Class C 2023 and 142,914 incentive shares of Class D 2023 in treasury).