Capital development

Karessa’s share capital amounts to SEK 550,000 divided among 11,000,000 shares outstanding. According to the articles of association, the share capital is to amount to no less than SEK 500,000 and no more than SEK 2,000,000 and the number of shares is to amount to no less than 10,000,000 and no more than 40,000,000. The share’s implied book value is SEK 0.05 (five öre). The Company has only one class of shares and all shares carry equal rights to dividends and profit in the event of a liquidation, and entitlement to one vote per share.

The shares in Karessa are not, nor have ever been, subject to any offer as a result of a mandatory bid or redemption rights or obligations. The shares have not been subject to any public takeover bid. The shares have been issued in accordance with Swedish law and are denominated in Swedish kronor (SEK). There are no restrictions on the free transfer of shares.

The share capital in Karessa has changed since the Company was formed in 2014 in accordance with what is shown in the following table:

Action Change
Share capital (SEK)
Acc.
share capital (SEK)
Change
number of shares
Acc. number of
shares
Implied book value
(SEK)
Formation (2013) + 50,000 50,000 + 50,000 50,000 1
Split (2014) 50,000 + 950,000 1,000,000 0.05
New share issue (2014) + 5,000 55,000 + 100,000 1,100,000 0.05
New share issue (2014) + 160,000 215,000 + 3,200,000 4,300,000 0.05
Non-cash issue (2014) + 335,000 550,000 + 6,700,000 11,000,000 0.05