Mar 10, 2015 12:00 AM CET
Resolution on voluntary redemption program in accordance with the proposal by the board of directors.
The extraordinary general meeting held on March 10, 2015 has resolved on a reduction of the company’s share capital with no more than SEK 6,694,503, by way of voluntary redemption of no more than 6,694,503 shares, for repayment to the shareholders. For each redeemed share the Company shall pay an amount of SEK 73.50, meaning that the aggregate consideration that may be paid out for shares redeemed amounts to a maximum of SEK 492,045,970.50. Simultaneously it was resolved to increase the company’s share capital by SEK 6,694,503 through a bonus issue without the issuance of new shares.
Shareholders who wishes to have their shares redeemed shall submit an application for redemption. The right to redeem shares will be vested with shareholders holding redemption rights. For each share in the company a shareholder will receive 1 redemption right and 31 redemption rights shall entitle a shareholder to redeem 1 share in the company. Holders of redemption rights are offered to apply for the commission free sale of up to 1,000 redemption rights through Nordea Bank AB (publ). Trading in redemption rights will be offered on Nasdaq Stockholm.
|Time Plan for the redemption program|
|Last trading day for shares including redemption rights||16 March 2015|
|Record date for allocation of redemption rights||18 March 2015|
|Application period for redemption of shares||24 March – 21 April 2015|
|Application period for commission free sale of redemption rights||24 March – 14 April 2015|
|Trading in redemption rights on Nasdaq Stockholm||24 March – 17 April 2015|
An information brochure containing further information related to the redemption program, along with an application form will be made available on the websites of Com Hem (www.comhemgroup.com) and Nordea (www.nordea.se) from and including 16 March 2015.
This press release is not an offer of securities for purchase or sale in Australia, Canada, Hong Kong, Japan, New Zealand, the Republic of South Africa, the United States, or any other jurisdiction where such offer would be in breach of any applicable law. The redemption rights issued in connection with the offer have not been and will not be registered under any applicable securities laws of any state, province, territory, county or jurisdiction of the above territories.
Securities may not be offered or sold in the United States absent registration or an exemption from registration. Com Hem does not intend to register any part of the present offering in the United States. Com Hem is however offering the redemption rights in the United States pursuant to the exemption afforded by Section 4(a)(2) of the Securities Act and outside the United States in reliance on the safe harbor afforded by Rule 903 of Regulation S under the Securities Act. In order to comply with these exemptions and safe harbors, offers inside the United States (or to U.S. persons outside the United States) are being made solely to “accredited investors” as defined in Rule 501(a) under the Securities Act. There must also not be any “directed selling efforts” in the United States in connection with any offer pursuant to Regulation S.
Carolina Haglund Strömlid, Head of Investor Relations
Tel: +46(0)708 80 71 73
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
Com Hem Holding AB discloses the information provided herein pursuant to the Swedish Securities Markets Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 16.30 CET on March 10, 2015.