Swedish Match finalizes the sale of its South African operation to
Philip Morris International and r
(Thomson Reuters ONE) - As announced on 2 July 2009, Swedish Match AB (publ) ("SwedishMatch") has sold its South African operation, Swedish Match SouthAfrica (Proprietary) Limited ("SMSA") to Philip Morris International[NYSE/Euronext Paris: PMI] ("PMI").The sale has now been completed at a sales price of 1.75 billion ZARplus a preliminary adjustment for cash and working capital amountingto 230 million ZAR.Swedish Match's Annual General Meeting on April 28, 2009 authorizedthe Board of Directors to repurchase own shares for a maximum amountof 3 billion SEK. The Company has so far utilized this mandate to buyback 7,753,645 of its own shares for a total amount of 999,048,981SEK.The Company will use proceeds from the sale of SMSA to continue itsshare buyback program until the Annual General Meeting 2010.Repurchases of own shares may take place on one or more occasionsfrom today up until September 25, 2009, and from October 28, 2009 upuntil January 22, 2010, and from March 11, 2010 up until March 26,2010. Not more than 25 percent of the average daily volume may bepurchased in any one day.Repurchases will be made on the NASDAQ OMX Stockholm at a pricewithin the share price interval registered at that time, where theshare price interval means the difference between the highest buyingprice and lowest selling price. The price may not exceed the higherof the prices between the last independent trade and the highestcurrent independent bid price.Repurchases may be made of not more than 16,080,000 shares. Therepurchase of shares will correspond to a maximum aggregateconsideration of 2,000,951,019 SEK. Swedish Match currently owns9,020,000 shares and the total outstanding shares, including theCompany's own holdings, amount to 251,000,000.The purpose of the buyback program is to reduce Swedish Match's sharecapital through cancellation of shares repurchased, and to cover theallocation of options as part of the Company's option programme. ____________Swedish Match produces and sells market-leading brands in smokefreetobacco products, cigars and lights products. The Company sellsproducts across the globe, with production units in 10 countries. TheGroup's global operations generated sales of 13,807 MSEK for thetwelve month period ending June 30, 2009. The Swedish Match share islisted on the NASDAQ OMX Stockholm (SWMA). ____________ Swedish Match AB (publ), SE-118 85 Stockholm Visiting address: Rosenlundsgatan 36, Telephone: +46 8 658 02 00 Corporate Identity Number: 556015-0756 www.swedishmatch.com ____________For further information, please contact:Lars Dahlgren, President and Chief Executive OfficerOffice +46 8 658 0441, Mobile +46 70 958 0441Joakim Tilly, Chief Financial OfficerOffice +46 8 658 0213, Mobile +46 76 860 9597Henrik Brehmer, Senior Vice President Corporate CommunicationsOffice +46 8 658 0452, Mobile +46 76 111 3414http://hugin.info/1228/R/1341184/320708.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 14.09.2009 - 14:13 Uhr
Sprache: Deutsch
News-ID 5782
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"Swedish Match finalizes the sale of its South African operation to
Philip Morris International and r"
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