SAS AB resolves on an upcoming compulsory redemption of not more than 4.9 million preference shares for total redemption proceeds of about MSEK 2,580
The Board of Directors of SAS AB (publ) has resolved on a partial compulsory redemption of not more than 4,900,000 preference shares, corresponding to 7 out of 10 outstanding preference shares, for total redemption proceeds of not more than approximately MSEK 2,580, with effect from 9 February 2018.In accordance with the redemption provision in Article 5, item E of the Articles of Association, the Board of Directors of SAS has decided to reduce the company’s share capital by not more than SEK 98,490,000 (from SEK 7,830,609,275.10), through the compulsory redemption of not more than 4,900,