LUND, Sweden, Aug. 14, 2002 (PRIMEZONE) -- The Board of Wilh. Sonesson decided at a Board meeting yesterday, August 12, 2002, supported by the authorization the Board received from the Annual General Meeting on April 24, 2002, to acquire Sonesson shares. Share acquisitions will be conducted on Stockholmsborsen (the Stockholm Exchange) and at a price per share that is within the price range registered on Stockholmsborsen at the time of acquisition regardless of the share type.
The objective of this repurchase is to enable the continuous adaptation of the Company's capital requirement and thereby contribute to an increase in shareholder value, as well as the ability to transfer shares in conjunction with the fulfillment of commitments in accordance with company incentive programs or in connection with the financing of any company acquisitions through payment using the Company's own shares.
In accordance with the Board's decision, a maximum of 1,000,000 shares can be acquired. Wilh. Sonesson currently has a holding of 369,130 of its own shares. Following the potential completion of the acquisitions, Wilh. Sonesson will have a maximum holding of 1,369,130 shares, corresponding to 5.2% of the total number of shares issued in Wilh. Sonesson, of which a maximum of 273,826 shares (20%) can be Series A shares. The acquisition will be conducted during the period prior to the next Annual General Meeting and may include both Series A and Series B shares.
Malmo, August 13, 2002
Bo Hakansson Chairman
For further information, contact: Bo Hakansson, +46 (0)46-280 81 00, +46 (0)705-98 57 22 bo.hakansson@wilhsonesson.com
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