Compulsory redemption of outstanding shares in KMT Group AB (publ)
1/4/2008 4:01 AM EST
Nordstjernan Ventures Investment AB (“NVI”) held approximately 93.8 percent of the shares in KMT Group AB (publ) (“KMT”) as of December 28, 2007.
On January 2, 2008, NVI submitted a written request to the Board of Directors of KMT for the redemption of remaining shares in accordance with Chapter 22, Section 6 of the Swedish Companies Act (2005:551). As a result hereof, the Board of KMT will immediately inform the shareholders of KMT that redemption has been requested through announcements in Post- och Inrikes Tidningar (The Swedish Gazette), in Dagens Industri and by letter.
For further information, contact:
Carl-Erik Ridderstråle, Board Member, KMT Group AB
Mats Andersson, Board Member, KMT Group AB
Tel: +46(0)8-594 211 50