HUDDINGE, Sweden, May 20, 2003 (PRIMEZONE) -- Tripep: Payment for all shares that have been bought back will be made on May 26, 2003.
Now that the final count has been completed, Tripep hereby announces that it has acquired 1,355,135 of its own shares via its buy-back offer, which entitled shareholders to sell one in ten of their shares for SEK 30 in cash. The offer entails the transfer of around SEK 40.6 million to Tripep's shareholders.
The number of shares bought back corresponds to an acceptance level for the offer of 97.8 per cent.
Following the completion of the buy-back, Tripep will own a total of 1,355,135 of its own shares, which is equivalent to around 9.78 per cent of all Tripep shares.
Dormant Properties AB, which is indirectly controlled by Rolf L Nordstrom, has notified Tripep of the fact that Dormant Properties has sold 311,815 shares as part of the buy-back offer. Following this transaction, Dormant Properties will own 2,806,341 shares, which is equivalent to 20.3 per cent of Tripep's share capital before dilution and 16.9 per cent after dilution. The calculation of the ownership share after dilution takes account of all 2,771,120 outstanding warrants, including warrants held by the company.
Tripep AB Johan Ihre, President, +46 8 449 84 80/+46 70 733 44 25 Anders Vahlne, Head of Research +46 70 928 05 28
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