On 31 December 2020 share capital in AddLife AB amounted to SEK 58,309,340. There were a total of 114,498,292 shares in the Company, including 4,615,136 Class A shares and 109,883,156 Class B shares. The nominal value of each share was SEK 0.51. Each Class A share carries ten votes and each Class B share carries one vote. All shares give the same right to dividends. Only the Class B share is listed on Nasdaq Stockholm.
The Board of Directors of AddLife aims to propose a dividend equivalent to 30-50 percent of profit after tax. When determining dividends, the Company’s Board considers investment needs and other factors that it deems relevant.
At the annual general meeting on May 7, 2020, it was resolved on a share split 4:1. After the split the total number of shares amounts to 114,498,292. The new shares were registered on the shareholder's accounts on May 29, 2020. The share capital has not changed due to the split, the nominal value changed from SEK 2.037 to SEK 0.51.
Conversion of shares
According to AddLife Articles of Association, owners of Class A shares have the right to have such shares converted to Class B shares. The conversion reduces the number of votes in the company. 10,080 shares of Class A have been converted to 10,080 shares of Class B during the financial year. There were no conversion of shares in 2019.