Bong ljungdahl's new rights issue fully subscribed.
6/25/2002 11:50 AM EST
BONG LJUNGDAHL'S NEW RIGHTS ISSUE FULLY SUBSCRIBED.
YIELDS SKR 147 MILLION.
Bong Ljungdahl's rights issue was fully subscribed, and the proceeds
received by the company amounted to some SKr 147 million net of issue
costs. Some 99.2 per cent of the issue was taken up by shareholders on
the basis of their rights.
Totally 4,334,995 shares were subscribed, which has raised the number of
Bong Ljungdahl shares in issue to 13,004,986. The equity ratio will rise
from 28 per cent to 34 per cent.
"By strengthening our capital base in this way we are now better placed
to achieve further grow and consolidate our position as a leading
company on the European envelope market, " comments Lennart Pihl, Bong
Ljungdahl's President and CEO.
Bong is one of Europe's leading envelope companies. The Group has an
annual turnover of around 2.4 billion kronor, has about 1,700 employees
and a manufacturing capacity of some 15 billion envelopes a year at its
production units in Sweden, Denmark, Norway, Finland, Estonia, Poland,
Germany, Belgium, England and Ireland. Over the past few years, Bong has
carried out a number of acquisitions of companies in the envelope
industry and has thus taken an active part in the current process of
structural transformation in the industry in Europe. The Group sees
attractive opportunities for further expansion and development. Bong is
a publicly listed company and its shares are listed on the Stockholm
stock exchange "O" list.
Kristianstad, Sweden, June 25, 2002
Bong Ljungdahl AB
Lennart Pihl
President and CEO
For further information, please contact Lennart Pihl, CEO and MD,
telephone 044 - 20 70 50,
0705 94 68 66, email
.
Bong Ljungdahl's internet address is www.bongljungdahl.se