October 12, 2017 / 5:45 AM / 6 days ago

BRIEF-KappAhl proposes share split and automatic share redemption

Oct 12 (Reuters) - KAPPAHL AB (PUBL):

* KAPPAHL PROPOSES A SHARE SPLIT AND AUTOMATIC SHARE REDEMPTION

* ‍APPROXIMATELY SEK 500 MILLION WILL BE TRANSFERRED TO KAPPAHL‘S SHAREHOLDERS, CORRESPONDING TO SEK 6.50 PER SHARE.​

* ‍PROPOSAL MEANS THAT EACH KAPPAHL SHARE WILL BE SPLIT INTO TWO SHARES, OF WHICH ONE WILL BE A REDEMPTION SHARE.​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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