The reverse share split that the Annual General Meeting in KappAhl resolved upon November 28, 2012 has been executed during February 2013. Following the reverse share split, whereby six existing shares were consolidated to one share, the number of shares and votes in KappAhl has decreased with 375,200,000. The total number of shares and votes in KappAhl on February 28, 2013 amounts to 75,040,000 (previously 450,240,000).
KappAhl was founded 1953 and is a leading Nordic fashion chain with close to 400 stores and 4,500 co-workers in Sweden, Norway, Finland, Poland and the Czech Republic. KappAhl designs, markets and sells value-for-money fashion and focus in particular on women 30-50 years of age. In 1999, KappAhl was the first fashion chain to receive environmental management standard certification. During the financial year 2011/2012, KappAhl had sales of SEK 4.6 billion. KappAhl shares are listed on the NASDAQ OMX Stockholm.