Vidhance announces schedule for share consolidation

UPPSALA, Sweden, January, 2024 – Vidhance AB (publ) (“the company”) 

At the extraordinary general meeting of Vidhance AB on December 14, 2023, it was decided to consolidate shares 1:2, whereby two (2) shares are combined into one (1) share. The meeting authorized the Board of Directors to determine the record date for the consolidation. The company’s board has decided on a record date for the consolidation of shares as January 12, 2024.

Schedule for the consolidation:

  • January 10, 2024 – Last day of trading before consolidation.
  • January 11, 2024 – First day of trading after consolidation. The share price will, from this date, reflect the effect of the consolidation.
  • January 12, 2024 – Record date for consolidation. Shareholders do not need to take any action to participate in the consolidation.

As a result of the consolidation, Vidhance’s share will change its ISIN code. From January 11, 2024, the share is traded with the new ISIN code SE0021309937.

Shareholders whose holdings on the record date are not evenly divisible by 2 will receive shares from the company’s shareholder, Quinary Investment AB, free of charge, in order for the holdings to become evenly divisible by 2. The provision of equalizing shares will be carried out through Euroclear Sweden AB’s care, without any further action required by the shareholders.

 

For further information, please contact:
Jonathan Ekman, CFO Vidhance AB (publ)
Phone: 018-474 99 90                 Email: jonathan.ekman@vidhance.com

 

About Vidhance AB

Founded in 2007, Vidhance is a listed Swedish software enterprise focused on pioneering advancements in intelligent sensors and data analysis for optical devices, including smartphones, AR wearables, body cams, and more. The company’s Vidhance suite of video enhancement solutions is the culmination of 15 years of R&D and has to date been integrated into more than 800 million camera devices, across consumer and industrial markets.

 

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