FX-rate and dividend amount in SEK for the first redemption procedure 2024 in Betsson AB (publ)
The Annual General Meeting 2024 of Betsson AB (publ) decided on two separate redemption procedures, totaling EUR 0.645 per share, to take place during 2024. The first redemption procedure is taking place between 21 May and 12 June 2024. The redemption amount of EUR 0.3225 per share will be paid to shareholders in SEK. The FX rate for the first redemption procedure has been determined at EUR/SEK: 11.6815 and the payout amount per share is SEK 3.77.
Summary of the first redemption procedure:
In the redemption procedure, each Betsson share is split into two shares (share split 2:1) of which one will be named redemption share. Trading in the redemption shares can take place between 21 May and 3 June 2024. After this, the redemption shares are automatically redeemed for a redemption amount which requires no action from the shareholders.
Payout:
Payment to shareholders is made at EUR 0.3225 per redemption share and occasion. The cash payment of the redemption amount will be carried out in SEK. The exchange rate for the first cash payout will be EUR/SEK: 11.6815, which corresponds to an amount per share of SEK 3.77.
Timeline:
First day of trading in Betsson shares excluding the right to redemption shares:
16 May 2024
Record date for share split: 17 May 2024
Trading in redemption shares: 21 May through 3 June 2024
Record date for redemption of redemption shares: 7 June 2024
Cash amount paid to holders of redemption shares: 12 June 2024
Trading information:
Series A shares:
New ISIN-code for Betsson series A share: SE0021626769
Ticker for redemption share of series A: BETS IL A
ISIN-code for Betsson redemption share of series A: SE0021626785
Trading venue for Betsson redemption share of series A: Spotlight Stock Market
Series B shares:
New ISIN-code for Betsson series B share: SE0021626777
Ticker for redemption share of series B: BETS IL B
ISIN-code for Betsson redemption share of series B: SE0021626793
Trading venue for Betsson redemption share of series B: Nasdaq Stockholm
For more information about the redemption procedure, see Betsson AB's website under the section Investor relations – The share – Dividend information.
For further information, please contact:
Roland Glasfors, Vice President Communications & Investor Relations
[email protected]
About Betsson AB
Betsson AB (publ) is a holding company that invests in and manages fast-growing companies within online gaming. The Company is one of the largest in online gaming in Europe and has the ambition to outgrow the market, organically and through acquisitions. This should be done in a profitable and sustainable manner, and with local adaptations. Betsson AB is listed on Nasdaq Stockholm Large Cap (BETS-B).