KLIPPAN AB - new share issue

KLIPPAN AB - new share issue As a part of the financing of the acquisition of Stora Enso Mölndal the KLIPPAN Board has decided to propose a new issue for approval by the Annual General Meeting on April 25, 2002. The Board's proposal entails that the company's share capital shall increase by at most SEK 10,333,330 through the issue of at most 2,066,666 new shares, each with a nominal value of SEK 5. The new shares shall be issued at a price of SEK 20 per share and be subscribed to with priority for shareholders, whereby a holding of three existing shares gives entitlement to subscribe to one new share. The Board to be authorized to make a decision regarding the time limit for subscribing to shares and in conjunction with this to determine a record day for determining which shareholders are entitled to subscribe to new shares. The issue is guaranteed by two of the principal owners of KLIPPAN AB, Jan Bernander and Stefan Lersten, KLIPPAN AB Board of Directors For further information, please contact: Bengt Östensson, President KLIPPAN AB, tel +46(0)435 291 01, mobile +46(0)0705 95 86 27 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/25/20020325BIT00200/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/25/20020325BIT00200/wkr0002.pdf