AudioDev - Change of Ownership
AudioDev - Change of Ownership Yesterday, Briban Invest AB, which is owned by Jan Barchan, sold 165,000 B shares in AudioDev AB. The shares correspond to 1.0 % of the capital and 0.7 % of the votes. After the transaction, Briban Invest's total ownership in AudioDev amounts to 600,000 A shares and 9,403,000 B shares, constituting 59.9 % of the capital and 69.7% of the votes. Jan Barchan, CEO of AudioDev until 6 May 2003, informs us that the sale was carried out in order to repay loans and therefore free Briban Invest from debts before the start of the New Year. At the same time, Peter Ragnarsson, CEO of AudioDev, also sold 35,000 B shares in AudioDev. The sale means that the loans vital for the initial purchase of 155,000 B shares have been settled. Jan Barchan provided assistance in arranging the finances for the loan. Peter Ragnarsson now owns 120,000 B shares in addition to 50,000 subscription warrants in AudioDev AB. Contact us for more information: Peter Ragnarsson, CEO Tel: +46 40 690 49 00 E-mail: peter.ragnarsson@audiodev.com Marielle Noble, Communications & Investor Relations Tel: +46 40 690 4905/Mobile: +46 709-694980 E-mail: marielle.noble@audiodev.com AudioDev is a world-leading manufacturer of test equipment for quality control of optical media such as CDs and DVDs. The parent company has its head office in Malmo, Sweden, which is the base for activities in Europe. Sales and services office in the US, Hong Kong and Taiwan are responsible for the North American and Asian markets. In addition, AudioDev has built up a network of agents in all countries and regions of significant importance. AudioDev's products are sold under the brands CATS and Go!. The products in the CATS series are regarded as the de facto industry standard for quality testing for all formats on the market. Go! is a new brand with products optimised for process control. AudioDev also offers an extensive service network, as well as customised training and independent test analyses via AudioDev's Test Center. AudioDev's customers include Technicolor, Ritek Global Media, Microsoft, EMI, Warner, Sonopress, Pioneer, Cinram, Panasonic, MBI and CMC. AudioDev has been listed on the Stockholm Stock Exchange since September 2000. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/17/20031217BIT20050/wkr0006.pdf