Kinnevik
STO:KINVB ISIN:SE0000164626
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Kinnevik (STO:KINVB) KORSNÄS WILL IMPLEMENT A PROFIT ENHANCEMENT PROGRAM
Kinnevik (STO:KINVB) Investment AB Kinnevik ("Kinnevik") announces that the Company, in accordance with the announcement on 8 September 2008 to repurchase Class A and Class B shares, has completed the repurchase programme of 3,500,000 Class B shares, which corresponds to approximately 1.3% of all shares in Kinnevik. The Board of Directors will propose to cancel the repurchased shares at the next Annual General Meeting.
Kinnevik (STO:KINVB) Financial results for the third quarter
Kinnevik (STO:KINVB) INVESTMENT AB KINNEVIK: Conference call to present third quarter results 2008
Kinnevik (STO:KINVB) Investment AB Kinnevik (publ) ("Kinnevik") today announced that the Boards of Directors of Kinnevik and Korsnäs AB have decided to invest approximately SEK 640 million in an evaporation plant.
Kinnevik (STO:KINVB) Investment AB Kinnevik (publ) ("Kinnevik") today announced that the Board of Directors decided to implement a share buy-back programme. The sole purpose of the buy-back programme is to reduce Kinnevik's share capital by redemption of the repurchased shares. By executing the share buy-back programme, Kinnevik will return additional funds to the shareholders and it is the Board's assessment that Kinnevik will reach a more optimal balance sheet structure. Kinnevik's Annual General Meeting of shareholders held on 15 May 2008 authorised the Board of Directors to repurchase own shares, which authorisation the Board now utilises. The programme is implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22 December 2003 (the "EC-Regulation") and it shall be lead-managed by an investment firm or a credit institution which makes its trading decisions in relation to Kinnevik's shares independently of, and without influence by, Kinnevik. The repurchase of ...
Kinnevik Financial results for the second quarter * The market value of the Group's securities in Major Listed Holdings amounted to SEK 43,248 million on 30 June, an increase of SEK 3,817* million corresponding to 9%* since 31 March 2008. * Korsnäs' revenue amounted to SEK 2,006 million (2,001) and operating profit was SEK 184 million (275). * The Group's total revenue amounted to SEK 2,068 million (2,037) and operating profit was SEK 164 million (272). * Profit after financial items, including changes in fair value of financial assets, amounted to SEK 3,496 million (3,335). * The profit per share was SEK 13.19 (12.46).
Kinnevik Thursday, 24 July 13.00 (CET) Hosts: Mia Brunell Livfors, President and Chief Executive Officer, and Torun Litzén, Director, Investor Relations
Kinnevik This press release may not be released, published or distributed in or into the USA, Canada, Australia, Japan or any other country in which such a measure is subject to registration or any other measures than those required by Swedish law. The Offer is not directed towards any person in those countries whose participation requires any additional prospectus, registration or other measure than those required by Swedish law.
Kinnevik Investment AB Kinnevik (publ) ("Kinnevik") today announced that Christer Simrén (46) has been appointed new Chief Executive Officer of Korsnäs. Christer Simrén was most recently Managing Director of Wermland Paper. Christer Simrén has a long history with both Korsnäs and Kinnevik; between 1999 and 2001 he was COO and CEO of Korsnäs. Prior to that he was head of Applied Value's Chicago office. Christer Simrén holds a PhD in Industrial Management and Economics from Chalmers University of Technology. He will take up his new position September 1 2008.
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