Annual Report 2012.pdf - Cherry

PART 1 AkTIEN
The share
Cherry’s B-share is listed on AktieTorget.
SHARE STRUCTURE
At the end of the year Cherry had
12 805 642 shares, divided into
997 600 A-shares and 11 805 042
B-shares. Each A-share carries 10 votes
per share, while each B-share carries
one vote. The shares have equal rights
to the assets and profits in Cherry.
SHARE ISSUES
In 2010 Cherry completed a non-cash
issue of 100 000 A-shares and 6 301 321
B-shares in conjunction with the acqui-
sition of the Automaten group. Cherry
also completed in 2010 a preferential
share issue for acquisition of the Auto-
maten group consisting of 336 600
A-shares and 2 063 895 B-shares at
a subscription price of SEK 12 per
share. The shares were subscribed to
315 percent, of which 99 percent with
the support of preferential rights and
216 percent without the support of
preferential rights, which 99 percent
with the support of preference rights
and 216 percent without the support of
preference rights, which gave Cherry
Share price 12/2011–12/2012
30
27
24
21
18
15
dec 2011
18 | | cherry 50 years
mar 2012
SEK 28 805 940 before issue costs.
The number of shares increased to a
total of 8 801 816 shares via the preferential
share issue and to 12 802 642 for
the issue in kind, divided into 997 600
A-shares and 11 085 042 B-shares.
The share capital increased by SEK
4 840 998.80 from SEK 2 200 454.30
to SEK 7 041 453.10.
In 2009 Cherry also completed the
issue in kind of 45 454 B-shares in conjunction
with the acquisition of operations
in Knock Out AB (Joker Casino).
The company’s share capital thereby
increased by SEK 24 999.70 to SEK
2 200 454.30.
CONVERTIBLES AND OPTIONS PROGRAMME
At an extraordinary general meeting on
19 October 2011 a decision was taken
to introduce a long-term incentive programme
for leading executives and key
persons in Cherry. The decision involves
the issue of a maximum of 500 000
subscription options to persons with
permanent positions in Cherry to
subscribe to the same number of new
jun 2012
shares in Cherry AB.
455 000 subscription options have
been offered to permanent employees,
of which 100 percent have been subscribed
to. The subscription options
were issued at the market price, which
was set at SEK 0.93 and brought in equity
of SEK 423 thousand for the group.
The subscription price for the shares
was set to SEK 22.94, which consists of
130 percent of the average share price
during 20 days of trading before the
date of the meeting, 19 October. The
subscription of shares can take place
during the period 1 November to 30
November 2014. An additional 45 000
subscription options are held by the
wholly-owned subsidiary Cherry Casino
Syd AB. In that the share price from
the introduction of the programme and
as of the balance sheet date exceeds the
subscription price SEK 22.94 the options
had a dilution effect on profit per
share for 2012. In total the options have
exceeded the subscription price for 331
days as of 31-12-2012. This has involved
a dilution effect of 403 548 shares.
sep 2012
dec 2012