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Avanza Bank Holding reports on decision of Extraordinary General Meeting.

M2 EQUITYBITES-July 5, 2017-Avanza Bank Holding reports on decision of Extraordinary General Meeting

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Avanza Bank Holding AB (STO:AZA) reported on Wednesday that at the Extraordinary General Meeting held in Stockholm, the meeting authorised a new incentive programme which approves the issue of a maximum of total 450,000 warrants.

This incentive programme expires in August 2020.

According to the company, every warrant shall grant entitlement to subscribe for one new ordinary share. If all warrants are exercised it will result in a dilution effect of 1.5%.

Avanza Bank Holding is an independent online stockbroker in Scandinavia. It offers its members a range of financial services including stock trading, stock market information and investment courses through its website. Avanza also offers brokerage services, administration of share issues and stock buybacks services to its corporate and institutional clients.

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Publication:M2 EquityBites (EQB)
Date:Jul 5, 2017
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