STOCKHOLM, Sweden, May 30, 2002 (PRIMEZONE) -- The Board of Directors of ASSA ABLOY AB (publ) has on 30 May 2002 resolved, in accordance with the authorization from the Extra General Meeting of Shareholders, to increase the registered share capital of the company by way of a new share issue of 10,000,000 new series B shares. The issue price is set to SEK 126 per share. The new share issue has been effected in cooperation with Credit Agricole Indosuez Cheuvreux Nordic AB, who has been the sole manager and book-runner. The new share issue has taken place by private placement to a number of Swedish and foreign institutional investors. The company has through the issue been provided with capital of an amount of SEK 1.26 billion, which, as previously stated, shall be used to finance the company's acquisition of Besam AB. ASSA ABLOY's financial strength will be reinforced thereafter. Further usage of authorisation of the new share issue will only take place in accordance with possible future acquisitions.
Stockholm, 30 May 2002 ASSA ABLOY AB (publ)
For further information, please contact Carl-Henric Svanberg, President & CEO, tel: +46-8-506 485 52 or +46-70- 510 05 51 or Goran Jansson, CFO, tel. +46-8-506 485 72 or +46-70-698 85 72
ASSA ABLOY AB (publ) P.O. Box 70340, S-107 23 Stockholm Tel: +46 8 506 485 00, Fax: +46 8 506 485 85 Visiting address: Klarabergsviadukten 90
The ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions, dedicated to satisfying end-user needs for security, safety and convenience. The Group has about 30,000 employees and annual sales of about EUR3 billion.
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