NetEnt all set to split shares

Following a decision at the Netent Annual General Meeting on April 21, 2017, an automatic redemption program is taking place in NetEnt AB, a press release from the online gambling software company advised Tuesday.

Each NetEnt share will be split into two new shares, one of which will be a redemption share.

Each redemption share will be automatically redeemed at 2.25 SEK in cash. The last day of trading in NetEnt shares including the right to redemption shares is May 3, 2017, and the record date for entitlement to redemption shares is May 5, 2017.

Trading in the redemption shares will take place between May 10 and May 23, 2017. A cash payment of SEK 2.25 per redemption share is expected to be settled on May 31, 2017.

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