Cloetta AB reports change in total number of shares and votes
Confectionery company Cloetta AB announced a shift in its share structure in December 2012. The number of Class A shares decreased while Class B shares increased, leading to a net reduction in the company's total voting rights.
Confectionery producer Cloetta AB reported changes to its total number of shares and votes during December 2012. The company's Class A shares decreased by 1,938,386, while the number of Class B shares saw a corresponding increase of 1,938,386.
This adjustment in share classes resulted in a reduction of the company's total voting rights by 17,445,474 votes. Cloetta stated that the change was a consequence of a prior request from AB Malfors Promotor to convert Class A shares into Class B shares. Such conversions are common adjustments to optimize a company's share structure.
As of December 28, 2012, Cloetta AB's share capital amounted to SEK 1,443,096,495. The company had 9,861,614 Class A shares and 278,757,685 Class B shares outstanding. The total number of votes in the company was tallied at 377,373,825.
The disclosure complied with Swedish regulations concerning the trading of financial instruments and securities markets.