The Dunker interests comment on rights issue in Trelleborg AB
Trelleborg has today informed that the Board of Directors in Trelleborg has resolved, subject to approval by the Annual General Meeting, to raise SEK 2.2 billion in a rights issue of class A- and B-shares. The rights issue strengthens Trelleborg’s financial position and increases the ability of the Group to further improve its market positions.
The Dunker interests, who are the main owner of Trelleborg, support the rights issue and have made commitments to subscribe for their pro rata shares in the rights issue.
– We are positive to this increase of capital that increases the ability of Trelleborg to take advantage of the opportunities occurring in the current economic climate, says Claes Lindqvist, Executive Director of the Dunker interests. As the main owner we support the decision of the Board of Directors and find the level of the rights issue reasonable.
– We will continue to be the majority owner of Trelleborg also after the rights issue. It is however important to underline that the Dunker interests main objective with its ownership in Trelleborg is to give the best possible fundamentals to develop Trelleborg. If this could be reached with a changed owner structure, the Dunker interests will not oppose such a change.
Facts about the Dunker interest and the ownership in Trelleborg
The Dunker interests are the main owner of Trelleborg. The Dunker interests mainly comprises two foundations, the Henry and Gerda Dunker Donation fond No. 2 and the Henry and Gerda Dunker Foundation, both created through provisions in the will of the founder of the Helsingborg and Trelleborg rubber plants, Henry Dunker, and his wife Gerda. The main mission for the Dunker interests is to monitor and develop Trelleborg AB, which is the Dunker interests’ most important asset. The main part of the income goes to Helsingborg City.
There are two classes of shares in Trelleborg: A-shares with ten each votes and B-shares with one vote each. All A-shares are held by the Dunker interests. On February 27, 2009, the Dunker interests’ holdings corresponded to 13.6 percent of the share capital and 55.6 percent of the votes in Trelleborg.