STOCKHOLM, Sweden, March 22, 2005 (PRIMEZONE) -- Following Scania AB's (publ) acquisition of shares in Ainax corresponding to approximately 96.3 percent of the votes and capital, Ainax no longer complies with the Stockholm Stock Exchange's requirements regarding ownership concentration. The Board of Directors has therefore, after consultations with the Stockholm Stock Exchange, decided that Ainax shall be delisted from the Stockholm Stock Exhchange's O-list with effect from April 29, 2005.
Following the delisting, Handelsbanken Capital Markets will act as a market maker in the Ainax share by providing a bid rate with a discount of maximum 1 per cent in relation to the Scania A-share.
Stockholm March 22, 2005
Ainax AB (publ) Board of Directors
On April 16, 2004, the AGM of Volvo decided to transfer all of Volvo's Series A shares in Scania to Ainax and distribute Ainax shares to Volvo's shareholders. The purpose of Ainax' business operations is to administer the Series A shares held in Scania. In Ainax' articles of Association it is stipulated that if Ainax has not disposed of all of its shares in Scania by May 1, 2008 the company shall immediately enter into liquidation.
Ainax AB holds 27,320,838 Series A shares in Scania, corresponding to 24.8 percent of the votes and 13.7 percent of the capital. The number of Ainax shares in issue corresponds to the holding of Scania Series A shares, thus providing a transparent basis for the valuation of the company. The Ainax share was listed on Nya Marknaden on June 8, 2004. On December 1, 2004, Ainax was listed on the Stockholm Stock Exchange's O-list. For further background information on Ainax please refer to Ainax' website (www.ainax.com)
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=82099&fn=wkr0001.pdf