Decision to carry out non-cash issue
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.
Ratos's Board of Directors has decided, by virtue of the Annual General Meeting's authorisation, to issue 217,556 B shares. The issued shares comprise 10% of the total consideration to be paid for the acquisition of the Remius family's HL Display shares, which was announced on 2 June 2010. The subscription price is SEK 196.71 per B share in Ratos, which corresponds to Ratos's volume-weighted average share price as per 1 June 2010 (i.e. the last trading day prior to the announcement of the offer). The total consideration for the newly issued B shares amounts to approximately SEK 42.8m.
Subscription for shares and payment through assets contributed in kind consisting of shares in HL Display will be carried out when the acquisition is completed, which will take place as soon as approval has been obtained from the relevant competition authorities, although no later than 22 July 2010.
As a result of the non-cash issue, Ratos's share capital will increase by approximately SEK 1.4m to approximately SEK 1,021m. The total number of shares will amount to 162,070,448 and the number of outstanding shares to 159,237,307.
For further information, please contact: Arne Karlsson, CEO Ratos, +46 8 700 17 00 Emma Rheborg, Head of Corporate Communications & IR Ratos, +46 8 700 17 20
Financial calendar from Ratos: Interim Report January - June 2010 20 August 2010
Interim Report January - September 2010 4 November 2010
Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos offers investors a unique investment opportunity. Ratos's equity is approximately SEK 15 billion and has a market capitalisation of approximately SEK 32 billion. Ratos's holdings include AH Industries, Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Hafa Bathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC, Medisize, SB Seating, Superfos and Other holdings.