The application period for Castellum’s share redemption offer expired on July 5, 2000. Castellum offered to redeem every seventh share at a fixed redemption price of SEK 100 per share. According to the final count, applications were received for redemption of 6,998,323 shares. This corresponds to 98.0 per cent of the maximum number of shares that could be redeemed pursuant to the offer. That implies a transfer of SEK 700 million to the shareholders through the share redemption. The payment of the redemption amount of SEK 100 per share is expected to be effected around August 8, 2000; provided that the necessary registrations have been effected by the Swedish Patent and Registration Office. After the redemption the number of registered Series A shares in Castellum will amount to 43 001 677.
The remaining part of the share buy-back/redemption program of SEK 1,000 million will be executed through a repurchase of shares worth about SEK 300 million. The company's repurchase of shares was started after the expiry of the application period for redemption and has been going on for three trading days including Monday July 10. So far, 443,700 shares have been repurchased for a total sum of SEK 42 million.
For further information, please contact
Lars-Erik Jansson, CEO, tel +46 31 60 74 00/ mobile +46 705-92 06 70
Håkan Hellström, CFO/deputy CEO, tel +46 31 60 74 00 / mobile +46 705-60 74 56