Vimian resolves on an issue of shares to the sellers of Kahu Vet Group
Vimian Group today announces that the board of directors, based on the authorization from the 2022 annual general meeting, has resolved on a share issue of 249,482 ordinary shares and 249,482 class C shares as part of an earn-out payment to the sellers of Kahu Vet Group in accordance with the share purchase agreement signed in February 2022.
On 3 February 2022, Vimian disclosed that it had entered into an agreement to acquire Kahu Vet Group, a supplier of veterinary surgical products in Australia and New Zealand. The acquisition was completed on 1 March 2022. In addition to an upfront payment, the agreement includes potential earn-out payments over three years, part of which is to be paid in Vimian shares. As part of a first earn-out payment, the board of directors has today, based on the authorization granted by the annual general meeting 2022, resolved to issue 249,482 ordinary shares and 249,482 class C shares to the selling management. Following the share issue, the total number of shares in Vimian Group AB will amount to a total of 457,123,694 shares comprising 437,943,556 ordinary shares and 19,180,138 class C shares, and the share capital of Vimian Group AB amounts to SEK 762325,243060.
