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Vinge advised Strax on an automatic redemption procedure

January 30, 2019 Capital Markets and Public M&A

Vinge has advised Strax AB in connection with an automatic redemption procedure according to which each outstanding share in Strax has been split into two shares, of which one share (called redemption share) has been redeemed for a proceed of SEK 1.10.

In aggregate, 120,592,332 shares were redeemed at an amount corresponding to approximately SEK 133 million. The redemption procedure was approved by the extraordinary general meeting on 28 December 2018 and the proceeds in the redemption procedure was paid on 30 January 2019.

Vinge’s team consisted mainly of Jesper Schönbeck, Rikard Lindahl, Malte Hedlund, Anna-Karin Alin and Julia Hirschberg. Maria Schultzberg and Henrik Wastenson advised on tax issues.
 

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