The subscription level for ASSA ABLOY's rights issue was 99.8%
Through the rights issue the number of shares in the Company will be increased by 28,522,403, of which 1,676,164 will be Series A shares and 26,846,239 Series B shares. The share capital of the Company after the rights issue will amount to 314,335,437 SEK and the number of shares to 314,335,437, of which 18,437,812 will be Series A shares and 295,897,625 Series B shares. Through a full conversion of ASSA ABLOY's convertible debentures 1995/00 and 1997/02, the total number of shares can increase by up to 9,864, 412 to a maximum of 324, 199,849.
Trading in the new shares is expected to commence on the Stockholm Stock Exchange on 21 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.