Lifco’s Board of Directors will propose the Annual General Meeting (AGM), to be held on 23 April 2021, to resolve on a 5:1 split of the company’s shares.
The Board of Directors of Lifco will propose the AGM to resolve on a split of the company’s shares, whereby each existing share is divided into five new shares of the same share class. The Board of Directors shall be authorized to determine the record date with Euroclear Sweden AB for the share split. The record date is to be announced separately.
The AGM is to be held on Friday 23 April 2021, at 11.00 a.m. CET. The notice to the meeting will be announced not later than four weeks ahead of the AGM.
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Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy implying that the company has a long-term view on its holdings, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At the end of 2019 the Lifco Group consisted of 164 operating companies in 30 countries. In 2019 Lifco reported EBITA of SEK 2,523 million on net sales of SEK 13.9 billion. The EBITA margin was 18.2 per cent. Read more at www.lifco.se.