The subscription level for ASSA ABLOY's rights issue was 99.8%
Through the rights issue the number of shares in the Company will be increased by 28,522,403, of which 1,676,164 will be Series A shares and 26,846,239 Series B shares. The share capital of the Company after the rights issue will amount to 314,335,437 SEK and the number of shares to 314,335,437, of which 18,437,812 will be Series A shares and 295,897,625 Series B shares. Through a full conversion of ASSA ABLOY's convertible debentures 1995/00 and 1997/02, the total number of shares can increase by up to 9,864, 412 to a maximum of 324, 199,849.
Trading in the new shares is expected to commence on the Stockholm Stock Exchange on 21 July 1999.
The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products, dedicated to satisfying end-user needs for security, safety and convenience. In 1999 the Group will report sales exceeding SEK 10 billions and has about 12 000 employees.
ASSA ABLOY is the global leader in door opening solutions and offers mecahnical and electromechanical locks, digital door locks, security doors, entrance automation, hotel security and secure identity solutions, primarily in identity and access management, as well as a number of other related products and services.
Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international Group with some 47,500 employees operating in more than 70 countries and sales of SEK 76 billion.