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Recipharm to be divided

The main shareholders are implementing a division of their shareholdings in Recipharm.

B&E Participation AB owns 12,685,716 shares series A and 3,892,407 shares series B in Recipharm, corresponding to approximately 46 percent of the capital and about 86 percent of the votes. Backsell Eldered Holding AB owns all the shares in B&E Participation AB. Lars Backsell and Thomas Eldered, founders of Recipharm, each own 50 percent of the shares in Backsell Eldered Holding AB.

In the prospectus prepared in connection to the listing of Recipharm, dated 19 March 2014, it was announced that Lars Backsell and Thomas Eldered after the listing had the intention to split their shareholdings in Recipharm, meaning that B&E Participation AB transfers all shares held in Recipharm to companies directly or indirectly owned by Lars Backsell and Thomas Eldered, individually. In the prospectus it was further stated that Lars Backsell and Thomas Eldered had committed not to sell or otherwise transfer their respective shareholdings in Recipharm for a certain period after the first day of trading on NASDAQ OMX Stockholm (lock-up period), whereby Lars Backsell undertook a lock-up period of 18 months and Thomas Eldered a period of 36 months.

Lars Backsell and Thomas Eldered have informed Recipharm that the split of shareholdings described above will be carried out. Initially, B&E Participation AB will distribute all shares in Recipharm which B&E Participation AB owns to its owner Backsell Eldered Holding AB. Thereafter, a demerger of Backsell Eldered Holding AB will be executed pursuant to Chapter 24 of the Swedish Companies Act, whereby half of the shares series A will be distributed to a new established limited liability company which by 100 percent will be owned by Lars Backsell and the other half of the shares will be distributed to a new established limited liability company which by 100 percent will be owned by Thomas Eldered. The shares of series B in Recipharm, currently owned by B&E Participation AB will, by the demerger of Backsell Eldered Holding AB, be distributed in such a way that 3,858,690 shares will be transferred to the company owned by Thomas Eldered and 33,717 shares to the company owned by Lars Backsell. After the completion of the above-mentioned transactions, Lars Backsell, through his wholly owned company, will own approximately 17 percent of the capital and about 42 percent of the votes in Recipharm. Thomas Eldered, through his wholly owned company, will own about 27 percent of the capital and about 44 percent of the votes in Recipharm.

 

Source: Recipharm