Opus Group publishes updated information for the upcoming rights issue

8/17/2012 7:00 AM EST

Opus Group AB
Company Announcement

Opus Group publishes updated information for the upcoming rights issue

Gothenburg, Sweden, 2012-08-17 13:00 CEST (GLOBE NEWSWIRE) -- Opus Group
announced in a press release on July 9, 2012 that the company intends to
conduct a rights issue to existing shareholders of SEK 50 million. The proceeds
from the rights issue will be used to partly finance the acquisition of 70
inspection stations from Bilprovningen. 

Opus Group has today published the press release with the notice to the
extraordinary general meeting on September 6, 2012. The timing and structure of
the rights issue have been adjusted slightly in relation to what has been
published by a press release published on July 9, 2012. Opus Group’s Board of
Directors proposes that the EGM authorizes the Board to resolve on the issuance
of up to SEK 55 million and set the terms and conditions for the issue. The
reason why the authorization is proposed to include a maximum of SEK 55 million
is that the Board notwithstanding any rounding problems, is given the
opportunity to determine the appropriate ratio for the number of subscription
rights in proportion to the shares held and the appropriate subscription price.
New preliminary schedule for the rights issue is presented below. 

New preliminary timetable

August 21                           Notice to the EGM



September 6                      EGM



Middle of September         Opus Group’s Board of Directors resolves on a
rights issue. Subscription price and terms and conditions for the rights issue
are decided and are published through a press release. 

End of September –

start/middle of October      Subscription period for new shares in the rights
issue. 

Fourth quarter 2012           Closing of the acquisition

In light of the planned rights issue, the Board does not currently intend to
implement the consolidation of shares, together with changes in the share
limits in the article of association, which were resolved on the AGM. 

This press info is available in Swedish at www.opus.se.

For additional information, please contact

Magnus Greko, President and CEO

Phone: +46 31 748 34 91

E-mail:  

Peter Stenström, Investor Relations

Phone +46 765 25 84 93

E-mail:  

Opus’ Certified Adviser

Thenberg & Kinde Fondkommission AB

Box 2108, SE-403 12 Gothenburg, Sweden,

Phone: +46 31 745 50 00


——————————————
The Opus Group is in the business of developing, producing and selling products
and services within Automotive Test Equipment, Vehicle Inspection Systems and
Fleet Management for the global market. The Group’s products include emission
analyzers, diagnostic equipment and automatic test lines. Services include
management of mandatory vehicle inspection programs. The Group sells its
products and services in more than 50 countries all over the world and
currently employs around 320 persons. The turnover for 2011 was approx. SEK 232
million. Opus’ share is listed on First North Premier (NASDAQ OMX) under the
ticker OPUS.