STOCKHOLM, Sweden, Oct. 2, 2002 (PRIMEZONE) -- Trelleborg AB (Other OTC:TBABF) (Stockholm:TRELb)has been authorized by the Annual General Meeting to continue to repurchase shares through a buy-back program in an amount not exceeding 10 percent of the Group's own shares outstanding.
As at October 1, 2002, the Group has acquired 247,000 Trelleborg Series B shares. Accordingly, Trelleborg owns a total of 4,756,000 Series B shares. This corresponds to 5.25 percent of the total number of shares outstanding and 2.70 percent of the voting rights in the Trelleborg Group.
Trelleborg AB also publishes the volume of shares repurchased in the Group's buy-back program on its website at www.trelleborg.com
For further information, please contact:
Trelleborg's Chief Financial Officer Jan Bjorck, telephone +46 (0)410-670 28, or the Trelleborg Corporate Communications Department, telephone +46 (0)410-670 00.
Trelleborg is a global industrial group. Operations are based onspearhead competence within polymer materials and a high level ofindustrial know-how, combined with functional solutions and systemsdesigned to meet the needs of our customers. The Trelleborg Group hasannual sales of approximately SEK 18 billion, with about 16,000employees in 40 countries. Trelleborg consists of four business areas:Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg EngineeredSystems and Trelleborg Building Systems. The Trelleborg share has beenquoted on the A list of OM Stockholmsborsen (the Stockholm Exchange)since 1964. www.trelleborg.com
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