The total number of shares in ICA Gruppen is 201,146,895, of which 82,067,892 are C shares up until conversion. The company’s Articles of Association stipulate that, at the request of shareholders, C shares shall be converted to ordinary shares and that a conversion may take place not earlier than in January 2016. As previously announced, ICA-handlarnas förbund, which owns all of the C shares, made such a request on January 1st2011, which has prompted the Board to now make a decision on conversion in accordance with the company´s Articles of Association. The total number of shares and votes will remain unchanged after the conversion, as will ICA-handlarnas förbund’s share of ownership in ICA Gruppen, 51.3%.
Ordinary shares and C shares have the same voting rights, but different entitlement to cash dividends. Ordinary shares have an unrestricted entitlement to dividends, while C shares lack any right to cash dividends. After the completed conversion, ICA Gruppen will only have one class of shares – ordinary shares – carrying equal entitlement to dividends.
For more information
ICA Gruppen press service, Telephone number: +46 10 422 52 52
ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 15.00 on Thursday, 14 January 2016.