MALMO, Sweden, May 15, 2003 (PRIMEZONE) -- The Board of Directors of Teleca has decided on a directed new share issue of 2,000,000 series B shares to a limited number of institutional investors. The decision is based on an authorization from the Annual General Meeting held on May 6, 2003. The purpose of the new share issue is to finance the acquisitions of YacCom, Geoworks and the remaining outstanding shares in AU-System after completed compulsory acquisition.
The shares have been placed at a price of SEK 32.00 per share and will raise SEK 64 million to the company, before expenses related to the issue. Up until the completion of the placing of shares, the volume weighted average price for the Teleca share on Stockholmsborsen (Stockholm stock exchange) on May 14 was SEK 32.12. After the new share issue, the total number of shares outstanding in Teleca will amount to 61,079,516 shares.
In connection with the transaction, Danir AB is lending 2,000,000 of their Teleca shares, which will be returned once the new share issue has been registered with the Swedish Patent and Registration Office, PRV.
Carnegie is acting as financial advisor to Teleca in connection with the transaction.
For more information, contact: Johannes Rudbeck, Investor Relations Manager, Teleca AB, telephone +46 70 582 56 56
Teleca is an international consulting company developing and applying advanced technology. The company's business concept is to strengthen the customers' market position and time to market. Teleca builds and integrates solutions for technology and software intensive customers worldwide. Core values are honesty, reliability and hard work. The company has more than 2,500 employees with operations in 15 countries in Asia, Europe and USA. Teleca is quoted on the Attract40 list of Stockholmsborsen (Stockholm stock exchange), www.teleca.com.
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