SkiStar executes share split
The annual general meeting of shareholders in SkiStar AB held on 15 December 2018 resolved to increase the total number of shares in the company by dividing each share into two shares (a so called 2:1 share split). The board of directors was authorized to decide the record day for the share split.
The board of directors has resolved that the record day for the share split shall be 17 January 2019 and the new shares are expected to be registered in the shareholders’ accounts on 18 January 2019.
Last day of trading with shares before the share split is 15 January 2019 and the first day of trading with shares after the share split is 16 January 2019. The new ISIN-code for the class B share will be SE0012141687.
The share split will be made automatically via Euroclear Sweden AB and the shareholders do not need to take any action.
The share split entails that the number of shares in SkiStar AB increases from 39,188,028 shares to 78,376,056 shares, of which 3,648,000 class A shares and 74,728,056 class B shares.
This information is information that SkiStar AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out below, at 7 January 2019, 1.00 p.m. CET.
Further information can be reached from:
Mats Årjes, CEO tel +46 (0)280 880 80
Anders Örnulf, CFO tel +46 (0)280 880 80
SkiStar in brief:
SkiStar is listed on the Nasdaq Mid Cap, Stockholm. The Group owns and operates alpine destinations in Sälen, Åre, Vemdalen and Hammarbybacken (Stockholm) in Sweden, Hemsedal and Trysil in Norway and St. Johann in Tirol in Austria. Market share is 49% in Sweden, 30% in Norway and 41% in Scandinavia. The Group’s core business is alpine skiing, with a focus on the guests’ overall skiing experience. Operations are divided into two segments; Operation of Ski Resorts and Property Development & Exploitation.
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