STOCKHOLM, Sweden, June 26, 2003 (PRIMEZONE) -- Shareholders in AB Custos (publ) ("Custos") have submitted 1,805,203 shares in Custos for redemption through the redemption offer that expired on June 18, 2003.
A total value of MSEK 361.0 will be transferred to Custos shareholders.
Acceptance of the redemption offer
An Extraordinary General Meeting in Custos on May 7, 2003 voted to approve the redemption offer in Custos. Persons who on the record date of May 12, 2003 were shareholders in Custos received one redemption right for each Custos share held. Four redemption rights carried entitlement to redemption of one Custos share with payment in the form of SEK 200 in cash for every redeemed Custos share. The redemption offer involved a total of 1,852,375 shares in Custos corresponding to a value of MSEK 370.5.
The application period for the redemption offer expired on June 18, 2003. A total of 1,805,203 shares in Custos were tendered in the redemption offer and a total value of MSEK 361.0 will be transferred to the shareholders. Accordingly, the degree of acceptance by those shareholders who redeemed shares by means of redemption rights was 97.5%. After the completion of this redemption program, the number of Custos shares outstanding will amount to 5,582,561 1) .
Trading in redemption shares and delivery of redemption payment Trading in Custos redemption shares begins on June 30, 2003 and concludes around July 16, 2003. Redemption shares will be redeemed for payment in the form of SEK 200 in cash per redemption share after the requisite decisions have been implemented and registrated with PRV.
Delivery of the redemption payment is expected to occur on or about July 24, 2003.
Commission-free sales
The average sales proceed in the commission-free sale of redemption rights amounted to SEK 9.39 per redemption right. The considerations paid for the redemption rights sold through the commission-free sale procedure were reported to the shareholders about June 24, 2003.
For further information, contact Mikael Nachemson (+46 8 440 57 70)
This notice is published in Swedish and English. In the event of any difference between the English version and the Swedish original, the Swedish version shall govern. Assuming that the synthetic repurchased shares are redeemed.
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/06/26/20030626BIT00400/wkr0001.doc
http://www.waymaker.net/bitonline/2003/06/26/20030626BIT00400/wkr0002.pdf