Extraordinary shareholders meeting of Swedish Match approves share buyback

10/27/2000 6:06 AM EST

At an extraordinary shareholders meeting of Swedish Match today a decision was made reduce the share capital by 41.640.504 SEK by canceling 17,350,210 repurchased shares, equivalent to 4.3 per cent of the number of shares of Swedish Match.

It was further decided that the authorization, which was granted the Board at the ordinary shareholders’ meeting, to repurchase shares to the extent that the company holds at any one time not more than 5 per cent of the shares of the Company, be increased to a maximum of 10 percent of the shares of the Company.



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