Issue and repurchase of Class C shares under incentive programme
(Thomson Reuters ONE) - Stockholm - Tele2 AB, ("Tele2"), (NASDAQ OMX Stockholm: TEL2 A andTEL2 B), today announced that the Board of Directors resolved toissue and immediately thereafter repurchase 850,000 new Class Cshares.By virtue of authorisation from the Annual General Meeting ofshareholders on 11 May 2009, the Board of Directors has resolved toincrease the share capital by SEK 1,062,500, through a private cashplacement of 850,000 new Class C shares aimed at Nordea Bank AB(publ) ("Nordea"), each with a quota value of SEK 1.25, at asubscription price of SEK 1.25 per share. The Class C shares do notentitle to dividends and represent one vote each. Furthermore, theBoard of Directors has resolved upon immediate repurchase of all850,000 Class C shares from Nordea at a price corresponding to thesubscription price.The reason for the disapplication of the shareholders' preferentialrights and the purpose of the issue and the repurchase is to ensuredelivery of Class B shares to employees in the Group under theperformance based incentive programme that was adopted at the AnnualGeneral Meeting of shareholders on 11 May 2009, by subsequentlyreclassifying these Class C shares into Class B shares.Apart from what is stated above Tele2 holds 4 948 000 Class C shares.____________________________________________________________________Further information can be obtained from:Lars Torstensson, Investor Inquiries, Tel: +46 702 73 48 79Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45Tele2 is one of Europe's leading alternative telecom operators.Tele2's mission is to provide affordable and easy connectivity foreveryone at anytime. Tele2 always strives to offer the market's bestprices. We have 25.4 million customers in 11 countries. Tele2 offersmobile services, fixed broadband and telephony, data networkservices, cable TV and content services. Ever since Jan Stenbeckfounded the company in 1993, it has been a tough challenger to theformer government monopolies and other established providers. Tele2has been listed on the OMX Nordic Exchange since 1996. In 2008, wehad net sales of SEK 39.5 billion and reported an operating profit(EBITDA) of SEK 8.2 billion.http://hugin.info/133413/R/1337294/318608.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 26.08.2009 - 16:18 Uhr
Sprache: Deutsch
News-ID 5121
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