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Kinnevik AB (KNVKF)

Other OTC - Other OTC Delayed price. Currency in USD
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46.000.00 (0.00%)
As of 2:26PM EDT. Market open.
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Previous close46.00
Open46.90
BidN/A x N/A
AskN/A x N/A
Day's range46.00 - 46.00
52-week range22.27 - 56.00
Volume6,312
Avg. volume393
Market cap16.774B
Beta (5Y monthly)1.07
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.79 (3.23%)
Ex-dividend date25 Aug 2020
1y target estN/A
  • Globe Newswire

    Kinnevik's Board has decided the final terms and timetable for the Zalando distribution

    Kinnevik AB (publ) (“Kinnevik”) today announced that its Board has decided the final terms for the distribution of Kinnevik's shareholding in Zalando SE (“Zalando”), through a share redemption plan. The Board has decided to distribute Kinnevik’s entire shareholding in Zalando, and accordingly Kinnevik will distribute 28 Zalando shares for 143 Kinnevik redemption shares, equivalent to approximately SEK 166 or 0.195 Zalando share per Kinnevik share. Kinnevik will thereby make an extraordinary value transfer of approximately SEK 45.8bn to its shareholders. The Annual General Meeting of Kinnevik on 29 April 2021 resolved to distribute Kinnevik's shareholding in Zalando through a share redemption plan. The Board was authorised to determine the final distribution per share as well as the timetable for the share redemption plan. Kinnevik's Board has today decided to distribute Kinnevik’s entire shareholding in Zalando through the share redemption plan, and that the redemption consideration accordingly will be 28 Zalando shares for 143 Kinnevik redemption shares. Based on the closing price for Zalando's share on the Frankfurt Stock Exchange as at 10 May 2021, the redemption consideration per share corresponds to approximately SEK 166, a total value transfer to Kinnevik’s shareholders of approximately SEK 45.8bn. Further, the Board has set the record date for the share split and the right to receive redemption shares to Tuesday 18 May 2021. The last trading day in the Kinnevik share before the share split including the right to receive redemption shares is Friday 14 May 2021. From and including Monday 17 May 2021, the Kinnevik share will be traded not including the right to receive redemption shares. The redemption shares will be traded on Nasdaq Stockholm from and including Wednesday 19 May 2021 to and including Wednesday 9 June 2021. The Zalando shares are estimated to be available on the shareholders' securities accounts, nominee accounts or equivalent on Friday 18 June 2021. Please note that both the resolved terms and the timetable are the same as the indicative terms and timetable stated in the notice to the 2021 Annual General Meeting and in the information brochure regarding the share redemption plan. Kinnevik’s shareholding in Zalando will for technical reasons be distributed in the form of Euroclear Sweden-registered Zalando shares that the holder may re-register directly with Clearstream Germany following the share redemption plan (during July 2021). The re-registration is made to enable shareholders to complete transactions with the distributed Zalando shares on the Frankfurt Stock Exchange. An information brochure with further information on the share redemption plan as well as detailed instructions on the subsequent, free-of-charge, re-registration is available on Kinnevik’s website at www.kinnevik.com under the heading ”General Meetings” (which can be found under the section ”Governance”). Shareholders with questions regarding the distribution can call or email Kinnevik's hotline call center service operated by Computershare. Phone: +46 (0)8-46 00 73 89 Email: kinnevik@computershare.se For further information, visit www.kinnevik.com or contact: Torun Litzén, Director Investor Relations Phone: +46 (0)70 762 00 50 Email: press@kinnevik.com Kinnevik’s ambition is to be Europe’s leading listed growth investor, and we back the best digital companies to make people’ lives better and deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthtech, consumer services, foodtech and fintech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe, with a focus on the Nordics, and in the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B. Attachment Press release pdf

  • Globe Newswire

    Kinnevik: Annual General Meeting 2021

    Kinnevik AB (publ) ("Kinnevik") today held its Annual General Meeting (the "AGM"). Due to the continuing coronavirus pandemic, the AGM was held only through postal voting in accordance with temporary legislation. The AGM resolved in accordance with all proposals of the Board and the Nomination Committee. The AGM resolved to distribute Kinnevik's shareholding in Zalando SE ("Zalando") to the shareholders through a share redemption plan. Further, the Board was authorised to determine the distribution per share as well as the timetable for the share redemption plan, this will be announced by Kinnevik on 11 May 2021. As stated in the notice to the AGM, the Board intends to distribute all of Kinnevik's Zalando shares, and if all Zalando shares are distributed, the shareholders will receive 28 Zalando shares for 143 Kinnevik redemption shares. Also, as set out in the notice to the AGM, the Board estimates that: the record date for the share split and the right to receive redemption shares will be Tuesday 18 May 2021, trading in redemption shares will take place on Nasdaq Stockholm during the time from and including Wednesday 19 May 2021 to and including Wednesday 9 June 2021,the Zalando shares will be available on the shareholders' securities accounts, nominee accounts or equivalent on Friday 18 June 2021. Kinnevik’s shareholding in Zalando will for technical reasons be distributed in the form of Euroclear Sweden-registered Zalando shares that the holder may re-register directly with Clearstream Germany following the share redemption plan. The re-registration is made to enable shareholders to complete transactions with the distributed Zalando shares on the Frankfurt Stock Exchange. An information brochure with further information on the share redemption plan as well as detailed instructions on the subsequent, free-of-charge, re-registration is available on Kinnevik’s website at www.kinnevik.com under the heading ”General Meetings” (which can be found under the section ”Governance”). The AGM resolved to re-elect Susanna Campbell, Brian McBride, Cecilia Qvist and Charlotte Strömberg as members of the Board, and to elect James Anderson and Harald Mix as new members of the Board. The AGM further elected James Anderson as new Chairman of the Board. The AGM approved the 2020 Annual Report and resolved on the discharge of liability of the Board and the Chief Executive Officer for the financial year 2020. The AGM also resolved: on the adoption of the Board's Remuneration Report 2020. to approve remuneration to the Board and Auditor.to amend the Articles of Association's provision regarding auditors and to elect KPMG AB as new Auditor until the end of the 2022 AGM. The authorised public accountant Mårten Asplund will be appointed Auditor-in-charge.to approve instruction for the Nomination Committee and to elect Anders Oscarsson, nominated by AMF, Hugo Stenbeck, nominated by Alces Maximus LLC, Marie Klingspor, and Lawrence Burns, nominated by Baillie Gifford, as members of the Nomination Committee. The Chairman of the Board James Anderson will also be a Committee member.on a dividend as compensation for paid dividends and other value transfers to participants in Kinnevik's long-term incentive plan 2018, and to carry forward the remaining retained earnings and share premium for 2020 (as stated in the 2020 Annual Report). to transfer all 192,927 Class B shares held in treasury to cover costs for outstanding long-term incentive plans and to effectively realise the value of Class B shares held in treasury. Transfer of Class B shares shall take place on Nasdaq Stockholm during the period from and including 30 April 2021 to and including 14 May 2021 and shall occur at a price per share within the at each time registered share price interval, by which is meant the difference between the highest buying price and the lowest selling price. Payment for the shares shall be made in cash.on hedging arrangements in order to cover future costs for outstanding long-term incentive plans, including resolutions to amend to the Articles of Association and on authorisations for the Board to resolve on a new issue of Class X shares and to repurchase Class X shares. The complete documentation related to the proposals adopted by the AGM can be found on Kinnevik’s website at www.kinnevik.com under the heading ”General Meetings” (which can be found under the section ”Governance”). For further information, visit www.kinnevik.com or contact: Torun Litzén, Director Investor Relations Phone +46 (0)70 762 00 50 Email press@kinnevik.com Kinnevik’s ambition is to be Europe’s leading listed growth investor, and we back the best digital companies to make people’ lives better and deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthtech, consumer services, foodtech and fintech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe, with a focus on the Nordics, and in the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B. Attachment Press release pdf

  • Globe Newswire

    Kinnevik invests SEK150 million in MatHem’s SEK1.1 billion funding round

    Kinnevik AB (publ) ("Kinnevik”) today announced its pro-rata participation of SEK 150m in Mathem’s SEK 400m primary equity raise. Existing investors AMF and Stena invested SEK 100m and SEK 50m respectively, increasing their ownership in the business. The funding round also includes a debt facility of SEK 700m provided by P Capital Partners AB. The newly raised capital will be used to fund MatHem’s continued expansion, including the launch of the new fulfilment center in Larsboda next year, and growing the product offering through, among other initiatives, the launch of pharmacy products in cooperation with Kronans Apotek. In 2020, MatHem recorded sales growth of 50 percent year-on-year, with sales amounting to SEK 2.3bn for the full year, consistently growing its share of the online grocery home delivery market. Georgi Ganev, CEO of Kinnevik commented: ”Kinnevik is proud to support the continued growth of MatHem as it expands its product range and gains market share. I am impressed by how Johan and his team has met the increased interest in having groceries delivered to your doorstep, and I am convinced that MatHem will continue to develop its customer offering and efficiency.” Johan Lagercrantz, CEO of MatHem commented: "I am incredibly grateful for the trust in MatHem from our investors in this funding round. MatHem has a clear focus on growth and increased efficiency in our continued journey towards profitability. We work hard to constantly develop to meet our customers' needs and for our e-commerce of groceries with home delivery to contribute to a more convenient and simpler everyday life. With this investment we will be able to achieve fantastic results going forward." For further information, visit www.kinnevik.com or contact: Torun Litzén, Director Investor Relations Phone +46 (0)70 762 00 50 Email press@kinnevik.com Kinnevik’s ambition is to be Europe’s leading listed growth investor, and we back the best digital companies to make people’ lives better and deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthtech, consumer services, foodtech and fintech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe, with a focus on the Nordics, and in the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B. Attachment Pressrelease