Strong backing for SSAB’s redemption programme
6/3/2005 3:40 AM EST
SSAB’s redemption programme won 98.8 per cent backing, entailing that applications were submitted for the redemption of close to10 million shares in exchange for payment in cash of SEK 210 per share. Through the redemption programme, a total of SEK 2.1 billion will be transferred to the shareholders.
Following redemption, SSAB’s share capital will amount to SEK 2.3 billion divided into 90,929,060 shares, of which 67,231,119 are Class A shares and 23,697,941 are Class B shares.
Disbursements to shareholders for redeemed shares will commence on or about
10 June 2005.