STOCKHOLM, Sweden, April 15, 2004 (PRIMEZONE) -- NeoNet's new issue of debentures with associated warrants, with preferential rights to existing shareholders, was well received. The interest resulted in a significant oversubscription.
97.3 percent of the new issue was subscribed with primary preferential rights. The remainder (2.7 percent) has been allotted to subscribers who have applied for subscription with subsidiary preferential rights. The subsidiary distribution was done in relation to the number of unit rights that each subscriber has exercised in the primary subscription. The issue guarantee will not be utilized.
The debenture loan will provide NeoNet with approximately SEK 50.6 m before issue and guarantee costs.
Exercise of the options can take place from September 2004 through March 2007. If all warrants are exercised, the number of shares will increase by 15,174,612 shares to a maximum total of 65,756,655 shares and NeoNet will receive approximately SEK 91.0 m.
For further information please contact: Simon Nathanson Chief Executive Officer Tel. +46 8 454 15 51 simon.nathanson@neonet.biz
Since inception in 1996 NeoNet has focused on efficient and neutral agency brokerage. NeoNet provides professional investors with execution services offering a single point of access to leading equity marketplaces worldwide. Clients can execute orders using electronic direct market access or via NeoNet's international trading desks. NeoNet has offices in New York, London and Stockholm, is listed on the Stockholm Stock Exchange (ticker NEO), and has clients in more than 15 countries globally.
www.neonet.biz
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http://www.waymaker.net/bitonline/2004/04/15/20040415BIT00590/wkr0001.doc
http://www.waymaker.net/bitonline/2004/04/15/20040415BIT00590/wkr0002.pdf