CHANGE IN NUMBER OF OUTSTANDING SHARES IN HiQ DURING MAY

As of 31 May 2012 the number of outstanding shares in HiQ International AB amount to 52 751 523 shares, following a decrease of the number of shares in May by 52 751 523 shares.

The decrease is a result of the redemption of shares as a consequence of the implementation of the decision made by the Annual General Meeting on 28 March 2012, regarding a split with compulsory redemption procedure. With record day 7 May, 52 751 523 shares were redeemed and by this procedure 2.20 SEK per share, totalling SEK 116 million was distributed to HiQ’s shareholders.

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 14.30 CET on 31 May 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: