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Betsson to distribute SEK549.4m to shareholders after share split

20th May 2015 7:02 am GMT

Swedish gaming operator Betsson will distribute a total of SEK549.4m (€59m) to the company’s shareholders after implementing a share split and automatic redemption of its shares.

Following a decision made during its Annual General Meeting earlier this month, a share split will be implemented, whereby one share in Betsson is converted into four shares.

This will be comprised of three ordinary shares and one redemption share, effectively an ordinary share split of 3:1 and one additional redemption [...]

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