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Swedish Match
SWMA Jan 22, 2021
5:29 PM CET
+ 0.4 % 621.20 SEK
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Press release; Sep 26, 2000 9:00 AM CET

Swedish Match Board of Directors Calls for Extraordinary Shareholders Meeting

  • 17.4 Million Shares Repurchased by Company are Proposed to Be Cancelled
  • Requesting Authorization to Repurchase an Additional Maximum of 10 per cent of the shares of the Company

At an extra meeting with the Board of Directors today, the Board of Swedish Match has decided to call an extraordinary shareholders’ meeting on October 27th 2000. At the shareholders’ meeting it is proposed that a decision will be made to reduce the share capital by canceling 17,350,210 repurchased shares, equivalent to 4.3 per cent of the number of shares of Swedish Match.

It is further proposed that the authorization, which was granted the Board at the ordinary shareholders’ meeting, to repurchase shares to the extent that the company holds at any one time not more than 5 percent of the shares of the Company, be increased to a maximum of 10 percent of the shares of the Company.

To date, over 20 million shares have been repurchased at an average price of 29.47 SEK. The number of shares outstanding amounts to 383,829,891 as of September 25, 2000.

Swedish Match is an international group with its head office in Stockholm. The company manufactures a broad range of products within the OTP (Other Tobacco Products) category, with smokeless tobacco as its core business along with cigars and pipe tobacco, as well as matches and lighters. The products are sold in approximately 140 countries. Sales for the twelve months period ending June 30, 2000 amounted to approximately 10,200 SEK. Swedish Match is listed on OM Stockholm Stock Exchange (SWMA) and on NASDAQ (SWMAY).

For further information, please contact:

Lennart Sundén, President & Chief Executive Officeroffice+46 8 658 01 75
   
Sven Hindrikes, Executive Vice President &office+46 8 658 02 82
Chief Financial Officermobile+46 70 567 41 76
   
Bo Aulin, Senior Vice President Corporate Affairs,office+46 8 658 03 64
Secretary & General Counselmobile+46 70 558 0364
   
Emmett Harrison, Vice President Investor Relationsoffice+46 8 658 01 73
 mobile+46 709 38 01 73

  • EN_243_0_20000926.pdf
  • EN_243_1_20000926.doc

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Corporate headquarters
Swedish Match

Swedish Match AB
SE-118 85 Stockholm

Phone +46 10 13 93 000
Corporate reg no. 556015-0756
contactus@swedishmatch.com

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