VARNAMO, Sweden, Aug. 16, 2004 (PRIMEZONE) -- Within a month after the release of Finnveden's six-month interim report, the synthetic options allotted to five senior executives in the Group will be redeemed. This will be implemented in accordance with the redemption terms for the options and Finnveden's regulatory procedures for insider trading.
The options were issued in autumn 2002 by D. Carnegie AB. Accordingly, redemption will not result in any dilution for existing shareholders or affect Finnveden's earnings.
Finnveden is an international engineering group, with strong market positions in the automotive industry. Products include fasteners, engine components and structural components. Finnveden is listed on Stockholmsborsen (Stockholm Exchange) and has annual sales of about SEK 4.6 billion, with 3,300 employees. Additional information is available on Finnveden's website: www.finnveden.com
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/08/16/20040816BIT00130/wkr0001.pdf
-0- Finnveden AB (publ) For additional information, please contact: Nils-Ove Andersson, CFO +46 31 734 5910