Investor’s holding in Ericsson
Investor is releasing the following information after Ericsson’s announcement about the results of its new rights issue:
Investor has subscribed for and been allocated 410,678,896 shares corresponding to its pro-rata share of the subscription rights and 27,500,000 shares based on purchased subscription rights. In addition, Investor was allocated 3,389,340 shares without the use of subscription rights.
After the new rights issue, Investor’s holding in Ericsson now amounts to 256,660,096 A-shares and 595,587,036 B-shares corresponding to 38.3 percent of the voting rights and 5.3 percent of the share capital. On June 30, 2002, Investor’s holding in Ericsson amounted to 38.7 percent of the votes and 5.0 percent of the capital.
Investor commits to subscribe SEK 5 bn. of Ericsson’s rights issue
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Investor AB has committed to subscribe SEK 5 bn. of Ericsson’s SEK 30 bn. rights issue.
This amount includes Investor’s pro rata share of approximately SEK 1.5 bn. that Investor announced on April 22, 2002, that it would subscribe. The additional subscription of approximately SEK 3.5 bn. will lead to shares being acquired only if the shares offered in the rights issue are not fully subscribed.
Investor’s commitment to subscribe is part of the arrangement that Ericsson announced earlier today, which also includes an underwriting agreement with its financial advisors.
In a comment, Marcus Wallenberg, President and CEO of Investor said: "Investor is a long-term owner and we continue to believe in Ericsson and its future potential. A successful rights issue is important and positive for Ericsson and thereby also for Investor and its shareholders." |
