GOTHENBURG, Sweden, June 27, 2003 (PRIMEZONE) -- In June, Bure Equity AB (Stockholm:BURE) carried out a combined issue of shares and debentures with detachable warrants amounting to approximately MSEK 750. The company's shareholders had preferential rights to subscribe for one unit, i.e., two new shares and one debenture with nine detachable warrants, for each share held. The combined issue was well received and has been fully subscribed.
"It is very satisfactory that Bure now has the financial freedom to secure substantial shareholder value and that Bure has been given the means to successfully further develop the current portfolio," said Lennart Svantesson, CEO, Bure Equity AB.
The combined issue with preferential rights for existing shareholders is fully subscribed, including approximately 6.5 percent subscription without preferential rights and will provide Bure with SEK 750,241,000 before issue costs. The issue guarantee will thus not be utilised. The total issue comprise (i) 216,200,000 new shares, at a nominal amount of SEK 0.75 per share, equal to an issue amount of SEK 162,150,000 and (ii) 108,100,000 debentures with 972,900,000 detachable warrants, the two latter equal to a combined issue amount of SEK 588,064,000. Of this amount, SEK 500,203,114 will be reported as consideration for the debt instrument and SEK 87,860,886 will be transferred to restricted shareholders' equity as consideration for the warrants.
After registration of the share issue the total number of shares in Bure will amount to 325,300,000. If all warrants are exercised the number of shares will amount to 1,298,200,000. Bure has, as described in the issue prospectus, previously re-purchased in total 4,945,500 shares, of which 3,945,500 shares via an agreement with a bank, a so-called synthetic arrangement.
Bure will announce the new shareholder structure around 25 July.
Bure publishes its interim report for the period January-June 2003 on 25 August, 2003.
For information, please contact:
Lennart Svantesson, CEO, Bure Equity AB +46 31 708 64 00 Irene Axelsson, Investor Relations and Corporate +46 31 708 64 47 Communication
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/06/27/20030627BIT00500/wkr0001.doc
http://www.waymaker.net/bitonline/2003/06/27/20030627BIT00500/wkr0002.pdf