Shareholders at an Extraordinary
General Meeting of Swedish Match today resolved in favor of the
proposal of the Board of Directors to redeem 34,752,689 shares at
a re-demption price of SEK 35 per share. The company’s share
capital is thereby reduced by SEK 69,505,378. The total
redemption amount is SEK 1,216,344,115.
Shareholders at the Extraordinary
General Meeting further decided in favor of the Board’s
proposal to implement a bonus issue by increasing the par value
of each share from SEK 2.00 to SEK 2.20, after which the share
capital will amount to SEK 948,947,258.60.
The bonus issue will be effected
through a transfer to the share capital from the premium reserve
of an amount equal to SEK 64,442,163, which accrued to the
company through the new issue decided by the Board on June 26,
1998, and the remaining amount from the statutory reserve.
Payment of the redemption amount is expected to occur on or about
the turn of the month July-August 1998. Share-holders who
tendered shares for redemption do not need to take any further
action.
Swedish Match AB (publ)
Board of Directors
For further information, please
contact:
| Jan
Gabrielsson, Senior Vice President, |
Office: +46-8-658
01 72 |
| Corporate
Finance |
Mobil: +46-708-581
172 |
| |
|
| Bo Aulin,
Senior Vice President, Corporate Affairs |
Office: +46
8 658 03 64 |
| |
Mobile:+46
70 558 03 64 |
| |
|
| Boel
Sundvall, Vice President, Investor Relations |
Office: +46
8 658 01 73 |
| |
Mobile: +46
70 651 39 09 |
The following files are available for download
(PDF, 77 kB)
(DOC, 22 kB)