STOCKHOLM, Sweden, May 20, 2003 (PRIMEZONE) -- Based on authorization granted by the annual general meeting, Framfab AB (publ) has carried out a settlement issue of 27,563,980 shares, as well as an issue of 1,700,000 new shares, cumulatively increasing the company's capital stock by 2,926,398 kronor. The purpose of the issues is to finance the additional purchase sum for the acquisition of NetlinQ Groep N.V. The total subscription settlement of 9,112,098 kronor represents an average subscription price of 0.311 kronor per share.
For more information please contact:Christian Luiga, CFO, Framfab AB +46 8 41 00 10 00, christian.luiga@framfab.se
Tobias Bulow, Group Communications Manager, Framfab AB +46 709 41 22 58, tobias.bulow@framfab.se
Framfab is a leading provider of consulting services and business solutions based on Internet technology. Most of Framfab's customers are big international companies, including 3M, AXA, the Coca-Cola Company, Danske Bank, Electrolux, Ericsson, Hydro Texaco, IKEA, Kellogg's, Maersk Sealand, NEC Packard-Bell, Nike, Observer, Postbank, SAAB, Volvo Car Corporation and UBS. Framfab operates in Denmark, Germany, the Netherlands and Sweden. The company is quoted on the O list of the Stockholm Stock Exchange (ticker symbol FRAM). For more information, please visit www.framfab.com.
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