STOCKHOLM, Sweden, April 7, 2004 (PRIMEZONE) -- The subscription period for NeoNet AB's new issue of subordinated debentures with detachable warrants, with preferential rights for NeoNet's shareholders, ended on April 6. Submitted subscriptions so far, also including applications to subscribe through subsidiary preferential rights and applications to subscribe without preferential rights, show that the new issue has been significantly oversubscribed. NeoNet expects to be able to provide information regarding the final status of subscription during next week.
The background is that on 19 February 2004 the Extraordinary General Meeting of NeoNet AB (publ) decided to raise a debenture loan of up to SEK 50,582,040 through the issue of a maximum of 5,058,204 debentures with a nominal value of SEK 10 which are associated with 15,174,612 detachable warrants, each providing entitlement to subscribe for one share in NeoNet with a par value of SEK 0.05. In total, the warrants will provide entitlement to subscribe for up to 15,174,612 new shares in NeoNet at a subscription price of SEK 6.00 per share. The issue price for the debenture loan issue has been set at SEK 10.00 per debenture with three detachable warrants. The issue gives preferential rights to NeoNet's shareholders.
For further information please contact: Simon Nathanson Chief Executive Officer Tel. +46 8 454 15 51 simon.nathanson@neonet.biz
Since inception in 1996 NeoNet has focused on efficient and neutral agency brokerage. NeoNet provides professional investors with execution services offering a single point of access to leading equity marketplaces worldwide. Clients can execute orders using electronic direct market access or via NeoNet's international trading desks. NeoNet has offices in New York, London and Stockholm, is listed on the Stockholm Stock Exchange (ticker NEO), and has clients in more than 15 countries globally.
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/04/07/20040407BIT00600/wkr0001.doc
http://www.waymaker.net/bitonline/2004/04/07/20040407BIT00600/wkr0002.pdf