CHANGE IN NUMBER OF OUTSTANDING SHARES IN HiQ DURING APRIL

As of 30 April 2012 the number of outstanding shares in HiQ International AB amount to 105 503 046 shares, following an increase of the number of shares by 52 751 523 shares.

These shares were issued in connection with the split conducted as a consequence of the decision made by the Annual General Meeting on 28 March 2012, regarding a split with compulsory redemption procedure. By this procedure 2.20 SEK per share, totalling SEK 116 million will be distributed to HiQ’s shareholders.

With record day 7 May, 52 751 523 shares will be redeemed and the number of outstanding shares in HiQ will again amount to 52 751 523.

For further information, please contact:
Fredrik Malm, CFO and Head of Investor Relations HiQ, tel: +46 8 588 90 000,
+46 704 200 017

HiQ discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. This press release was submitted for publication at 10.00 CET on 30 April 2012

HiQ is an IT and management consultancy company focusing on high-tech solutions in the fields of communications, software development and simulation technology. The company is a leading player in these fields and the Nordic region is its domestic market. HiQ employs close to 1,300 people at offices in the Nordic region and Russia. HiQ is listed on the NASDAQ OMX Stockholm Mid Cap. For more information, please visit www.hiq.se

Tags: