UPPSALA, Sweden, April 10, 2002 (PRIMEZONE) -- Pricer's new share issue with right of preference was subscribed in full. The Company is raising SEK 109.7M before issue and guarantee costs. In the new share issue approximately SEK 44.1M has been subscribed with right of preference and approximately SEK 21.7M with the support of guarantees from the shareholders Sagri Development AB and Purpose AB as described in the Prospectus.
The remaining part of the new share issue, corresponding SEK 43.9M, has been allotted to those who has made a request to subscribe for shares without a right of preference mainly to a consortium consisting of among others Sagri Development, Purpose AB, Altura Invest ANS and Strata AS.
A total 95,423,594 shares were subscribed through the new share issue.
Following the issue, the share capital amounts to SEK 33,398,257.90 and the number of shares to 333,982,579. It is anticipated that the newly issued shares will be traded on the O list of the OM Stockholm Exchange on around 22 April 2002. In accordance with the terms of the issue, 23,855,898 warrants have been allocated to the subscribers of the new issue.
Following the new share issue the largest shareholders based on capital are Sagri Development AB (13.3 percent), Purpose AB (7.0 percent) an Egeria B.V (5.5 percent).
"It is most satisfactory that the share issue has been subscribed in full and that Pricer has thus secured its capital requirement until the operations will show a positive cash flow," said Pricer's President, Jan Forssjo.
"Pricer has attained a secure financial platform for the aggressive action program initiated in November 2001 which is aimed at restructuring operations and making them more efficient. The order situation has never been as good as it is right now and the increasing interest from several markets are certainly most encouraging. I am very hopeful that the share issue will be a crucial step in Pricer's development towards a successful and profitable company."
Pricer AB (publ) was founded in 1991 in Uppsala and has built a leading position in the world market as a supplier of electronic display and information systems to the retail industry. Pricer offers electronic information systems intended to improve significantly customer benefit and improve retail profitability. Through Pricer's co-operation with highly competent partners, customers are offered a totally integrated solution together with the supplementary products, applications and services offered by our partners. The Pricer share is quoted on the O-list of Stockholm Exchange. For further information, please visit Pricer's Website, www.pricer.se. Registration to receive news releases automatically via e-mail can be made through the Website.
This information was brought to you by Waymaker http://www.waymaker.net