Last day of trading including right to dividend shares in I-Tech AB
Today, Wednesday, August 15, is the last day Vicore Pharma Holding (publ) (ticker: VICO) share is traded including the right to dividend shares in I-Tech AB (publ)
On August 13, 2018, the EGM of Vicore Pharma Holding AB ("the Company") resolved that the record date for the distribution of shares in I-Tech AB will be August 17, 2018. This means that the last day of trading including the right to dividend is Wednesday, August 15, 2018. On Thursday, August 16, the share is traded exclusive of the right to dividend.
The dividend means that shareholders are entitled to receive one (1) share in I-Tech AB for every eight (8) shares in Vicore Pharma Holding AB (publ) held on the record date. The shareholders whose possession per the record day is not equally divisible with eight shall be entitled to a fraction of an I-Tech share as follows. Each surplus fraction shall entitle to an eighth of a share in I-Tech. All such fractions of shares in I-Tech shall be consolidated to whole shares which thereafter are to be sold by the Company on the market. The payment, without subtraction for brokerage, is to be paid to the relevant shareholders. The distribution is a distribution in kind that does not fall within the Lex Asea rule why the distribution is fully taxable.
I-Tech was listed on Nasdaq First North on May 28, 2018. In conjunction with the listing, the Company, like other major owners of I-Tech, entered into a lock-up agreement meaning that the shares cannot be divested within a period of 12 months from the first day of listing. The distributed shares in I-Tech are included in the lock-up and will have a Euroclear deposit reservation, meaning that they will not be tradable until May 28, 2019.
For further information contact
Per Jansson, CEO, 0709-17 47 46, email@example.com