Tele2 AB: Issue and repurchase of class C shares under incentive program
(Thomson Reuters ONE) -
Stockholm - Tele2 AB, ("Tele2"), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B),
today announced that the Board of Directors resolved to issue and immediately
thereafter repurchase 1,700,000 new Class C shares.
By virtue of authorization from the Annual General Meeting of shareholders on
16 May 2011, the Board of Directors has resolved to increase the share capital
by SEK 2,125,000, through a private cash placement of 1,700,000 new Class C
shares aimed at Nordea Bank AB (publ) ("Nordea"), each with a quota value of SEK
1.25, at a subscription price of SEK 1.25 per share. The Class C shares do not
entitle to dividends and represent one vote each. Furthermore, the Board of
Directors has resolved upon immediate repurchase of all 1,700,000 Class C shares
from Nordea at a price corresponding to the subscription price.
The reason for the disapplication of the shareholders' preferential rights and
the purpose of the issue and the repurchase is to ensure delivery of Class B
shares to employees in the Group under the performance based incentive program
that was adopted at the Annual General Meeting of shareholders on 16 May 2011,
by subsequently reclassifying these Class C shares into Class B shares.
Apart from what is stated above Tele2 holds 2,859,000 Class C shares.
Contacts
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45
TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST
DEAL. We have 34 million customers in 11 countries. Tele2 offers mobile
services, fixed broadband and telephony, data network services, cable TV and
content services. Ever since Jan Stenbeck founded the company in 1993, it has
been a tough challenger to the former government monopolies and other
established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since
1996. In 2010, we had net sales of SEK 40.2 billion and reported an operating
profit (EBITDA) of SEK 10.3 billion.
Press release:
http://hugin.info/133413/R/1559863/482448.pdf
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Source: Tele2 AB via Thomson Reuters ONE
[HUG#1559863]
Datum: 01.11.2011 - 15:13 Uhr
Sprache: Deutsch
News-ID 82565
Anzahl Zeichen: 2843
contact information:
Town:
Stockholm
Kategorie:
Business News
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