The application period for Swedish
Match’s share redemption offer expired on June 5, 2000.
The offer entitled to redeem every fourteenth share in Swedish
Match at a redemption price of SEK 35 per share. According to the
final count, applications were received for redemption of
29,869,472 shares, including shares underlying American
Depository Shares. This corresponds to 96.9 percent of the
maximum number of shares that could be redeemed pursuant to the
offer.
In conjunction with the redemption
the Board of Directors of Swedish Match today decided, based on
the authorization provided at the Annual General Meeting, to
effect a directed new issue of shares to Robur, Fourth National
Pension Fund, Zenit, SPP and Ratos. The new issue comprises
2,476,200 shares at a subscription price of SEK 26.54 per share.
Accordingly, new issue proceeds of SEK 65,718,348 will be
generated for the company.
After completion of this
transaction, total outstanding shares will be 403,946,391.
Payment of the redemption amount is expected to be made in the
beginning of July, 2000.
For further information, please
contact:
| Lennart
Sundén, President and Chief Executive Officer |
office |
+46 8 658
01 75 |
| |
|
|
| Sven
Hindrikes, Executive Vice President and |
office |
+46 8 658
02 82 |
| Chief
Financial Officer |
mobile |
+46 70
567 41 76 |
| |
|
|
| Bo Aulin,
Senior Vice President, Secretary |
office |
+46 8 658
03 64 |
| and
General Counsel |
mobile |
+46 70
558 03 64 |
| |
|
|
| Emmett
Harrison, Vice President, Investor Relations |
office |
+46 8 658
01 73 |
| |
mobile |
+46 70
938 01 73 |
The following files are available for download
(DOC, 52 kB)
(PDF, 74 kB)