STOCKHOLM, Sweden, Sept. 26, 2005 (PRIMEZONE) -- The redemption procedure in Atlas Copco AB is completed.
The resolution of the general meeting on a share split 4:1 and to redeem 209,602,184 shares has previously been registered. The procedure implied that the share capital of the company was reduced by SEK 262,002,730 and that a total of SEK 4,192,043,680 was distributed to the shareholders. The share premium reserve of the company was reduced at the same time by SEK 733,607,644.
In addition, 209,602,184 series C-shares that were issued to and subscribed by Svenska Handelsbanken AB in order to enable a prompt payment to the shareholders, have now been redeemed by SEK 4:75 per share, plus interest, following final court approval. At the same time the share premium reserve of the company has been reduced by SEK 733,607,644. The redemption amount shall be paid to Svenska Handelsbanken AB.
Following the redemption, the share capital of the company amounts to SEK 786,008,190 and the number of issued shares to 628,806,552, of which 419,697,048 series A-shares and 209,109,504 series B-shares.
Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2004, the Group had revenues of approximately BSEK 49, with 98% of revenues outside Sweden. The Group has more than 25,000 employees. The Group produces and markets compressed air equipment and generators, construction and mining equipment, industrial tools, and assembly systems and offers related service and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC Equipment Rental, and CP. More information can be found on atlascopco.com.
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