Logistea’s board of directors intends to propose that all Class A shares in the company be converted into Class B shares
Summary by AI BETAClose X
The board of directors of Logistea AB (publ) (”Logistea”) intends to propose that the annual general meeting on 8 May 2026 resolves on amendments to Logistea’s articles of association to simplify the company’s share structure by converting all Class A shares into Class B shares.
As of today, the number of Class A shares in the company amounts to 23,157,486 and the number of Class B shares amounts to 487,402,410, after the share conversion of in total 2,894,711 Class A shares which was notified to the company during february 2026. Both share classes are admitted to trading on Nasdaq Stockholm. The Class A shares carry one (1) vote per share and the Class B shares carry one tenth (1/10) of a vote per share.
The board of directors assesses that a conversion of all Class A shares into Class B shares, which would result in all ordinary shares in the company carrying the same voting power, is positive and creates conditions for further institutional and foreign ownership in the company, as well as having positive effects on Logistea’s governance-related rating.
Logistea has obtained voting undertakings in support of the proposal from holders of Class A shares, including Rutger Arnhult (through companies), Nordika and Corvi AS, which together represent approximately 87 percent of the Class A shares in the company. Further, certain larger institutional shareholders have expressed their support for the proposal. Taken together, the voting undertakings and statements of intent represent approximately 58 percent of the shares and 66 percent of the votes in the company. The board of directors therefore makes the assessment that it is likely that the applicable majority requirements will be satisfies at the annual general meeting.
The board of directors’ proposal is intended to be presented in the notice convening the annual general meeting, which is expected to be published on or around 31 March 2026.If the annual general meeting resolves in accordance with the proposal, the conversion is expected to be carried out during May 2026 and to take place automatically, without any action being required by the shareholders.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund