Information Highway New Stock Issue Fully Subscribed

Report this content

Information Highway New Stock Issue Fully Subscribed Information Highway AB (publ), has successfully carried out a new stock issue with preferential rights for the company's current stockholders. The response was enthusiastic and stockholders have fully taken up the offer. E. Öhman J:or Fondkommission AB was the lead manager. The fully subscribed new stock issue of 10,633,847 stocks has provided the company with approximately SEK 691 million, before issue costs. Each stockholder was able to subscribe for one new stock for every four stocks held, at an issue price of SEK 65 per stock. The total number of stocks in the company after the new share issue is 55,943,517. For further information please contact: Katarina Nyberg,, CFO, phone +46 706 66 98 97 Information Highway assists companies in exploiting the business opportunities presented by the new network economy. We consolidate our clients' competitiveness, making them successful in the digital arena by providing Internet-based solutions characterised by business expertise, creativity and leading-edge technology skills, offering "a safe ride to The New Economy." Information Highway was founded in 1994 and currently employs over 500 people in its Business, Interactive and Technology Consulting practice areas in Sweden, Norway, Denmark, Finland and the UK. The share is quoted on the Stockholm Stock Exchange's O-list. Göran Wågström is Information Highway's President. Information Highway has a client base of more than 350 businesses, and provides solutions for ABB, Ericsson, Telia, ATG, Fondex, SAS, Stadium, SMHI and Locus Medicus. [More information available at http://www.infohwy.se/press/]. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/10/20000310BIT00460/bit0001.doc http://www.bit.se/bitonline/2000/03/10/20000310BIT00460/bit0002.pdf