Record date set for distribution of shares in FarmPharma AB

The Board of Directors of Double Bond Pharmaceutical International AB (publ) (“DBP”) has today decided on a record date for the distribution of shares in FarmPharma AB (publ) (“FarmPharma”). Reconciliation day is Thursday, January 14, 2021.

At the Annual General Meeting on June 11, 2020, the shareholders in DBP have decided on a dividend in the form of all holdings of shares in the partly owned subsidiary FarmPharma to the shareholders in DBP. On November 25, 2020, the Board of Directors decided that the record date for the dividend shall be Thursday, January 14, 2021.

  • The last day for trading in the DBP share, including the right to receive shares in FarmPharma, will be Tuesday, January 12, 2021.
  • The first day for trading in DBP shares excluding the right to receive shares in FarmPharma will be Wednesday, January 13, 2021

As of the record date, shareholders in DBP will receive 0.2308565 shares in FarmPharma for each share held in DBP, regardless of share class. The number of shares is rounded up, calculated per shareholder. For the implementation of the merger, one of DBP’s major shareholders, SI Studio AB, has committed to contribute to the shareholders whose holdings are not evenly divisible by 0.2308565, free of charge the number of shares required for the holding to be evenly divisible. The shares in FarmPharma will be deposited in each shareholder’s VP account or share depository around 16 January 2021. Those who are shareholders in DBP on the record date do not need to take any action to obtain shares in FarmPharma. The dividend does not fall within the so-called Lex Asea rule. DBP has requested general advice from the Swedish Tax Agency on the distribution of acquisition value. DBP intends that FarmPharma will be admitted to trading on an alternative trading venue after the dividend has been completed.