Class A shareholders have the right to reclassify their holding of Class A shares into Class B shares. Section 5 of Viaplay Group’s Articles of Association includes a so called re-classification period as follows:
Shares of Class A shall be subject to reclassification to shares of Class B. Owners of shares of Class A shall be entitled to, during January and July each year (“the Reclassification Periods”), to request that all or part of their shares of Class A shall be reclassified to shares of Class B. A request for reclassification shall be made by written notification and must have been received by the company’s Board of Directors no later than on the last day during the relevant Reclassification Period. Such request shall state:
- (i) the number of Class A shares that the shareholder wishes to reclassify or
- (ii) the percentage of the total number of votes in the company that the shareholder wishes to hold, after reclassification has been completed of all Class A shares requested for reclassification during the relevant Reclassification Period.
When making a request in accordance with alternative (ii) above, the shareholder shall also state the total number of shares of Class A and shares of Class B that the shareholder holds at the time of the request.
By the end of each Reclassification Period, the Board of Directors shall consider the question of reclassification. Immediately thereafter, the Board of Directors shall report the reclassification to the Swedish Companies Register (Sw.Bolagsverket) for registration. The reclassification is effected when it has been registered and the reclassification been noted in the CSD Register.
If you wish to convert A-shares to B-shares, please use the Form for reclassification of class A shares and send this to the address stated on the form.