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2020-06-23

Bulletin from the Special General Meeting in VNV Global Ltd.

The Special General Meeting in VNV Global Ltd. (the “Company”) was held on Tuesday, 23 June 2020, at 10 am CEST at Advokatfirman Vinge’s offices, Stureplan 8, SE 111-87 Stockholm, Sweden.


At the Special General Meeting, the shareholders considered the board of director’s proposal to (i) issue units in VNV Global AB (publ), with each unit consisting of one (1) new common share and one (1) warrant, with preferential rights for existing shareholders as of the record date 6 July 2020 (the “Rights Issue”) as well as to (ii) issue warrants in VNV Global AB (publ) to guarantors of the Rights Issue (the “Guarantee Issue”). The following was resolved:

-       The Special General Meeting resolved, in accordance with the board of director’s proposal, to approve the issuance of units in VNV Global AB (publ) with preferential rights for existing shareholders as of the record date 6 July 2020 (the Rights Issue).

-       The Special General Meeting resolved, in accordance with the board of director’s proposal, to approve on the issuance of warrants in VNV Global AB (publ) to guarantors of the Rights Issue (the Guarantee Issue).

On 7 April 2020, the Company announced the board of directors’ proposal to change the domicile of the group, in which VNV Global is currently the parent company, from Bermuda to Sweden (the “Redomestication”). On 12 May 2020, a Special General Meeting convened for this purpose resolved to proceed with the Redomestication as proposed. On 2 June 2020, the Company applied to the Bermuda Supreme Court for an order sanctioning the Redomestication. The Bermuda Supreme Court heard and sanctioned the Company’s application at a hearing on 9 June 2020. Accordingly, the Rights Issue and Guarantee Issue will be not be carried out by the current Bermuda parent company of the VNV group, but instead by the Swedish group company VNV Global AB (publ), which, following the Redomestication, will be the new parent company of the VNV group, with its common shares being listed on Nasdaq Stockholm. The Redomestication is intended to be completed prior to the record of the Rights Issue and is conditional upon the admission to trading of the common shares in VNV Global AB (publ). The Rights Issue and Guarantee Issue are conditional upon the completion of the Redomestication.

For further information please contact:


Björn von Sivers, Investor Relations: +46 8-545 015 50

About Us


VNV Global Ltd., formerly Vostok New Ventures Ltd., is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The Swedish Depository Receipts (SDRs) of VNV Global are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV SDB. For more information on VNV Global, visit www.vnv.global.

Attachments


Bulletin from the Special General Meeting in VNV Global Ltd.

Författare VNV Global Ltd

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