Final day for trading the Indutrade share including rights to receive shares in the bonus issue
As previously disclosed, the Annual General Meeting on 27 April 2016 resolved on a 2:1 bonus issue with a record date of 27 May 2016.
Each share held on the record date entitles the holder to two (2) new shares free of charge. When the bonus issue is completed the number of shares will triple, which can be expected to cause the price per share to be reduced to one third. The final day for trading in the Indutrade share including right to receive shares in the bonus issue is 25 May 2016. Following the completion of the bonus issue, the number of shares in the Company will total 120,000,000.
No action is required by the shareholders to have their shareholdings changed. The new shares received through the bonus issue will automatically be registered in the securities account/depot where each shareholder’s existing shares in the Company are registered.
As of 26 May 2016, the Indutrade share will be traded ex-rights to participate in the bonus issue.
Stockholm, 25 May 2016
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO: +46 70 589 17 95
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade’s business is distinguished by
- High-tech products for recurring needs
- Growth through a structured and tried-and tested acquisition strategy
- A decentralised organisation characterised by an entrepreneurial spirit
The Group is organised into six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products. Indutrade’s sales totalled SEK 11,881 million in 2015, generating operating income of SEK 1,427 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.