The Extraordinary shareholders meeting in ASSA ABLOY AB approved the new rights issue
The new shares will be issued at a price of SEK 70 per share. Ten Series A shares will carry rights to subscribe for one new Series A share and ten Series B shares will carry rights to subscribe for one new Series B share.
The prospectus is expected to be made public on 10 June 1999. Record date for participation in the rights issue is 10 June 1999 and the subscription period runs from 14 June to 2 July 1999.
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For further information, please contact
Göran Jansson, CFO, tel. +46-8-698 8572 alt. +46-70-698 85 72
ASSA ABLOY AB (publ)
P.O. Box 70340, S-107 23 Stockholm
Tel: Int+46-8-698 85 70, Fax: Int +46-8-698 85 85
Visiting address: Klarabergsviadukten 90
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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.