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Confirmed allocation of acquisition cost for shares in Momentum Group

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An extraordinary General Meeting of Shareholders in Bergman & Beving AB (formerly B&B TOOLS AB) held on 14 June 2017 resolved to distribute all shares in the subsidiary Momentum Group AB to the shareholders of Bergman & Beving. Record day for this distribution was 16 June 2017. The Class B shares in Momentum Group AB are listed on Nasdaq Stockholm since 21 June 2017.

The shareholders who held shares in Bergman & Beving AB (formerly B&B TOOLS AB) as of the record day, 16 June 2017, received new shares in Momentum Group AB at no cost. One Class A share in Bergman & Beving entitled to one Class A share in Momentum Group and one Class B share in Bergman & Beving entitled to one Class B share in Momentum Group. For purposes of computing capital gains or losses on future sales of these shares in Bergman & Beving AB and Momentum Group AB, respectively, the acquisition cost for an "old" Bergman & Beving share shall be allocated to these two "new" shares.

Bergman & Beving AB has filed a request with the Swedish Tax Agency for a so-called "General Advice" (Allmänt Råd), which describes how to allocate the acquisition cost between the two shares. The Swedish Tax Agency has now issued a recommendation on the allocation of the acquisition cost in a General Advice, SKV A 2017:16 (in Swedish only). This General Advice will be applied from the 2017 taxation.

Confirmed allocation of the original acquisition cost for an "old" Bergman & Beving share to the two "new" shares (for both Class A shares and Class B shares) is:

  • Bergman & Beving AB - 67 percent
  • Momentum Group AB - 33 percent

Refer to the Swedish Tax Agency's statement SKV M 2017:12 (in Swedish only) at www.skatteverket.se for more information.

Stockholm, 11 September 2017

Momentum Group AB (publ)

For further information, please contact:
Mats Karlqvist, Head of Investor Relations - Tel: +46 70 660 31 32

The information was submitted for publication at 15:00 p.m. CET on 11 September 2017.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Momentum Group AB (publ) via Globenewswire

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