Administration Report

Parent company

The operations of the Parent Company AddLife AB comprise Group Management, business area management, consolidated reporting and financial management.

The Parent Company's net sales amounted to SEK 51 million (41) and the loss after financial items was SEK 18 million (-11). Balance sheet appropriations include Group contributions received of SEK 259 million (181) and Group contributions paid of SEK -136 million (-5). Cash flow from investment activities totalled SEK -4,265 million (70). The Parent Company's financial net debt at the close of the financial year stood at SEK 3,122 million (407).

Share capital, share repurchases, incentive programmes and dividends

On 31 December 2021, the Parent Company’s share capital amounted to SEK 62,358,949 divided into the number of shares shown below with a nominal value of SEK 0.51 per share.

During the year, two new issues of B shares, totaling 7,951,958, were completed, which were used to pay for Healthcare 21 and AddVision Group in accordance with the Board's mandate from the Annual General Meeting in May 2020. The total number of shares amounts to 122,450,250, where of Class A shares are unchanged at 4,615,136 and the number of Class B shares has increased from 109,883,156 to 117,835,114. Shares in own custody have decreased from 2,007,149 to 507,149 Class B shares after 1,500,000 Class B shares were used as part of payment for the shares in AddVision Group.

On 31 December 2021 the number of stockholders was 13,879 (7,501).

The Company's class B shares are listed on Nasdaq Stockholm. Two owners each control 10 percent or more of the voting rights. They are RoosGruppen AB (Håkan Roos through companies) with an ownership stake corresponding to 14.84 percent of votes, and Tom Hedelius, who owns shares corresponding to 12.62 percent of votes.

According to Chapter 6, Section 2a of the Swedish Annual Accounts Act, listed companies are required to disclose specific circumstances that may affect the possibility of a take-over of the Company through a public offer for shares in the Company. In the event that the Company is delisted from Nasdaq Stockholm, or that shareholders other than the current principal shareholders may acquire more than 50 percent of the capital or voting rights, the granted credit framework for an overdraft facility at Handelsbanken of SEK 700 million may be terminated.

Repurchase of treasury shares and incentive programs

In May 2021 the AGM authorised the Board of Directors during the period up until the 2022 AGM to buy back a maximum of ten percent of all shares in the Company.

The repurchased shares are intended to cover the Company's commitment to outstanding call options programs. During the financial year, 0 (500,000) class B treasury shares were repurchased. The average number of class B treasury shares held during the financial year was 895,322 (2,370,836). During the year, 1,500,000 B shares in own custody were used as payment for the shares in AddVision Group. At year-end the number of class B treasury shares was 497,489 (2,010,845) with an average purchase price of SEK 52.12 (52.12). The shares account for 0.4 percent (1.8) of shares issued and 0.3 percent (1.3) of votes.

At year-end AddLife had four outstanding call option programs. Outstanding call options during the financial year resulted in an estimated dilutive effect based on the period's average share price of approximately 0.5 percent (0.1).

The Board intends to propose to the Annual General Meeting in May 2022 an incentive program based on the same, or substantially similar, model as was approved at the AGM in 2021.

Latest updated: 3/31/2022 10:05:41 AM by