NACKA STRAND, Sweden, June 17, 2002 (PRIMEZONE) -- The rights issue in Hexagon amounting to SEK 425,303,925 has been fully subscribed.
The rights issue increases the number of Hexagon shares of series A by 210,000 and shares of series B by 3,488,295. Following the rights issue, the share capital amounts to SEK 184,914,770 and the number of shares to 18,491,477 of which 1,050,000 shares of series A and 17,441,477 shares of series B. The newly issued shares are expected to be available for trading on the A-list of the Stockholm Exchange as of June 24, 2002.
Through the fully subscribed new issue, Hexagon is in a position to take advantage of acquisition opportunities presently existing and thereby be given the possibility to expand at the desired pace, which was the main reason behind the decision by the Board of Directors on the rights issue.
For further information, please contact:
Ola Rollen, President and CEO Hakan Halen, CFO
Hexagon AB Hexagon AB
Phone: +46 (0)8 - 601 26 20 Phone: +46 (0)8 - 601 26 20
Hexagon AB is a multinational engineering group with the long-term ambition of positioning itself as number one or number two within its strategic sectors. The operation is divided into three business areas: Hexagon Automation, Hexagon Engineering and Hexagon Metrology. The group's targets are to increase earnings per share after tax by at least 15 per cent p.a., and achieve a return on capital employed higher than 15 per cent over the business cycle. Current turnover amounts to more than SEK 7 billion p.a.
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