Holmen plans to repurchase shares

Holmen plans to repurchase shares The Board of Holmen decided at its meeting on June 15 to call an Extraordinary General Meeting on August 15, 2000. The Board proposes that this Extraordinary General Meeting shall authorise the Board to repurchase the company's shares. In principal, the Board's proposal means that until the next Annual General Meeting, the Board will be authorised to purchase shares totalling no more than 10 per cent of the total company stock. The purchases shall take place on the OM Stockholm Exchange at a price quoted at the time of purchase. A repurchase of 10 per cent is equivalent to MSEK 2,000 at current prices. The proposed repurchase is a means of achieving a more suitable capital structure. A repurchase of the company's shares at current prices would raise Holmen's return on equity and earnings per share. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/16/20000616BIT00350/bit0001.doc http://www.bit.se/bitonline/2000/06/16/20000616BIT00350/bit0002.pdf