Purchase and sale of own shares
12/17/2001 10:16 AM EST
The Board of Directors of Addtech today decided to exercise the
authorization granted by the general meeting of shareholders to purchase
class B shares over the Stockholm Stock Exchange. According to the
decision of the Board of Directors, up to 2,786,423 shares may be
purchased during the period until the next-following regularly scheduled
Annual General Meeting; the Company currently owns no own shares. The
purpose of the repurchase is to give the Company a well balanced capital
structure and to secure the Company's undertaking according to the
option program resolved by the general meeting of shareholders.
Given the authorization to resell own shares in connection with
corporate acquisitions and similar situations, the Company is well
prepared for future expansion.
The intention is that 1,331,400 shares shall be repurchased in
connection with the closing of the share swap agreement the Company
entered into with Svenska Handelsbanken during the past fall. Reference
is made to the Company's semi-annual report.
Stockholm, December 17, 2001
For further information, contact Roger Bergqvist, President, Addtech AB,
+46 8 470 49 04 or
Kennet Göransson, CFO, Addtech AB, +46 8 470 49 10