SinterCast Extraordinary General Meeting
(Thomson Reuters ONE) - * Pre-emptive rights issue of shares and warrants approved by EGM * New Employee Stock Option Programme approved by EGM[Stockholm, 20 August 2009] - The SinterCast AB (publ) ExtraordinaryGeneral Meeting (EGM) of the shareholders was held on 20 August 2009in Stockholm. During the EGM, the shareholders approved the Board ofDirectors' proposal for a new issue of shares and share warrants ofSeries 2009/2010 with pre-emption rights for existing shareholders.The rights issue comprises of a maximum of 925,483 new shares and925,483 new warrants. The right to subscribe for new shares andshare warrants shall belong to those persons who on the record datefor the new issue of shares are recorded as shareholders of theCompany in the share register kept by Euroclear. Each suchshareholder shall have a pre-emption right to obtain one (1)subscription right for one (1) existing share. Six (6) subscriptionrights entitle the holder to subscribe for one (1) Unit consisting ofone (1) share and one (1) share warrant. Shares and share warrantsmay only be jointly subscribed for in Units. Each Unit is issued ata subscription price of SEK 25, where the subscription price for eachshare is SEK 25. The share warrants are not issued against payment.Accordingly, the initial amount of the new rights issue is SEK23,137,075. Subscription and payment for a Unit by a shareholder withsubscription right shall be made during the period from 31 August to14 September 2009. Subscription of shares by virtue of the sharewarrants shall be made during the period from 1-30 September 2010. Two (2) share warrants entitle the holder to subscribe to one (1)new share in the Company at a subscription price of SEK 25. TheBoard of Director's complete proposal for the pre-emptive rightsissue is available on the SinterCast website.The shareholders also approved the Board of Directors' proposal for anew Employee Stock Option Programme including the issue of employeestock options and the issue of share warrants to SinterCast PersonnelAB. The employee stock options shall be allocated to all staffemployed in the SinterCast Group at the time of issue. The stockoptions entitle each such employee to acquire one (1) share in theCompany. The maximum number of stock options to be allotted will be285,000, with an additional 15,000 share warrants being reserved bythe Company to cover the social costs associated with the programme. The subscription of shares via the options will take place annuallyover a four year period, with the subscription price being equivalentto an annual increase of ten (10) percent of the averagevolume-weighted price paid for one SinterCast share on the StockholmStock Exchange on each trading day during the period 6-19 August2009, specifically, SEK 36.6. The annual increase of ten percentcorresponds to a 46.5% increase over the four year term of theprogramme. The employee stock options are subject to a ceiling suchthat any profit, at exercise, cannot exceed SEK 50 per option. TheBoard of Director's complete proposal for the Employee Stock OptionProgramme is available on the SinterCast website.On behalf of the Board of DirectorsDr. Steve DawsonPresident & CEOTel: +46 8 660 77 50Mobile: +44 7710 026 342e-mail: steve.dawson(at)sintercast.comSinterCast is the world's leading supplier of process controltechnology for the reliable high volume production of CompactedGraphite Iron (CGI). SinterCast produces a variety of CGIcomponents ranging from 2 kg to 17 tonnes, all using the same, provenprocess control technology. The end-users of SinterCast-CGIcomponents include Aston Martin, Audi, Caterpillar, Chrysler, DAFTrucks, Ford, Ford-Otosan, General Electric Transportation Systems,General Motors, Hyundai, Navistar, Jaguar, Kia, Land Rover, MAN,Porsche, PSA Peugeot-Citroën, Rolls-Royce Power Engineering, Toyota,Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quotedon the Small Cap segment of the Nordic Exchange, Stockholm(Stockholmsbörsen: SINT). ENDhttp://hugin.info/1205/R/1336229/317925.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 20.08.2009 - 17:18 Uhr
Sprache: Deutsch
News-ID 4926
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