The merger between Tele2 and Com Hem Holding is thereby completed and Com Hem Holding has been dissolved. The merged entity will maintain the company name Tele2 AB and will continue to have its registered office in Stockholm, Sweden.
Anders Nilsson is appointed President and CEO of Tele2 effective as of today, November 5, 2018. The previously announced members of the new Leadership Team of Tele2 also assume their roles today.
“I feel both happy and humble to lead Tele2 going forward, together with my new Leadership Team. Most of all, I am proud to lead such a strong organization with fearless and dedicated employees. Together, united as Tele2, we represent huge potential and will be able to offer significant benefits to Swedish individuals, households, businesses and our shareholders”, said Anders Nilsson, President and CEO of Tele2.
“Tele2 was already a fantastic company and it will become even stronger with our colleagues from Com Hem. We will continue to challenge and drive the development of new, smart and integrated services, while we fearlessly liberate people to live a more connected life.”
In connection with the registration of the merger, the SCRO has today registered the issue of 183,441,585 new shares of class B in Tele2 as merger consideration. Thus, Tele2 has in total 690,341,597 outstanding shares. Further, the SCRO has today registered Andrew Barron and Eva Lindqvist as new members of the Board of Directors of Tele2. The Board of Directors of Tele2 thus consists of Georgi Ganev, Carla Smits-Nusteling, Anders Björkman, Eamonn O’Hare, Sofia Arhall Bergendorff, Cynthia Gordon, Lars-Åke Norling, Andrew Barron and Eva Lindqvist.
Each share in Com Hem will be exchanged for 1.0374 new shares of class B in Tele2 and SEK 37.02 in cash. Com Hem shareholders will receive the Tele2 shares i.e. the non-cash merger consideration on November 7, 2018 and the cash merger consideration on November 7-8, 2018. Trading in the Tele2 share takes place as usual and will not be affected by the merger process.