HQ Bank investigates conditions for placing shares in Sweco with investors
Senior executives at Sweco, who collectively have 262,000 warrants with a term lasting through 31 October 2008, and which entitles them to 1,530,080 series B shares, have assigned HQ Bank to investigate conditions for placing shares in Sweco AB (publ) with investors that correspond to the options through so-called book-building.
As previously reported, a decision regarding a new warrant programme, directed to approximately 50 senior executives in the Sweco group, which will be offered at a market-based premium of SEK 6.35 per option to purchase a total of 1,700.000 warrants, was decided by Sweco’s Annual General Meeting on 10 April.
At the end of the application period, 45 senior executives had expressed interest in acquiring a total of 1,252,000 warrants. 448,000 warrants have been retained to be offered to future senior executives. The new subscription for shares through the exercise of the warrants can be carried out during the period 30 May – 30 November 2011 at a subscription price of SEK 65.00 per share.
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Anna Elisabeth Olsson
Head of Press and Public Affairs