Notice of Extraordinary General Meeting of Ratos 25 April 2013
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.
Ratos will hold an Extraordinary General Meeting at 09.30 CET on 25 April 2013 at Ratos's head office, Drottninggatan 2, Stockholm, regarding approval of a transfer of shares in the subsidiary BTJ Group AB. The complete notice of the Extraordinary General Meeting is attached and available at www.ratos.se.
The Board of Directors proposes that the general meeting resolves on approval of a transfer of shares in the subsidiary BTJ Group AB. Ratos and Litorina, which together own all the shares in BTJ Group, have concluded an agreement on transfer of all the shares in the company to Per Samuelson, Chairman of the Board of BTJ Group, or to an acquisition company controlled by Per Samuelson. The transfer is being made pursuant to Chapter 16 of the Swedish Companies Act ("the Leo rules") and is therefore conditional on approval by a Ratos general meeting.
BTJ Group is a supplier of media products and information services, primarily to libraries in Sweden and Finland. Ratos became an owner of BTJ Group in conjunction with the formation of BTJ Infodata in March 2004. At the formation of Bisnode in 2005, the BTJ Infodata Group was split whereby BTJ Group became a separate holding. Ratos's holding in BTJ Group amounts to 66%. Due to the company's limited value, Ratos has not reported BTJ Group separately as a holding since 2011. The holding is included in the amount Ratos reports as net central income and the book value at 31 December 2012 was SEK 0.
The purchase price for all the shares amounts to SEK 1. Taking the company's net debt into account, the purchase price corresponds to an enterprise value of SEK 43m. The company's adjusted earnings before tax (EBT) in 2012 amounted to SEK -1m. Budgeted adjusted EBT for 2013 amounts to SEK -3m. The sale will not generate any significant capital gain or loss for Ratos.
Ratos's ordinary Annual General Meeting will be held on Wednesday, 17 April 2013 at 17.00 CET at the Stockholm Concert Hall, Hötorget, Stockholm.
For further information, please contact: Arne Karlsson, Chairman of the Board, +46 8 700 17 00 Susanna Campbell, CEO, +46 8 700 17 00 Emma Rheborg, Head of Corporate Communications and IR, +46 8 700 17 20
Notice of extraordinary general meeting of Ratos AB (publ) 2013
Financial calendar from Ratos:
Annual General Meeting 2013 17 April 2013
Interim Report January - March 2013 8 May 2013
Interim Report January - June 2013 15 August 2013
Interim Report January - September 2013 8 November 2013
Ratos is a private equity conglomerate. The company's mission is to maximise shareholder value over time through the professional, active and responsible exercise of its ownership role in primarily medium to large unlisted Nordic companies. Ratos's holdings include AH Industries, Arcus-Gruppen, Biolin Scientific, Bisnode, DIAB, Euromaint, Finnkino, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Mobile Climate Control and SB Seating. Ratos is listed on Nasdaq OMX Stockholm and market capitalisation amounts to approximately SEK 22 billion.