Directed new share issue of 330 000 shares in M2S

Report this content

Directed new share issue of 330 000 shares in M2S The board of M2S has decided on a directed new shares issue of 330 000 shares of series B targeting institutional investors. The decision was made based on a mandate given by an Extra General Meeting of M2S shareholders, on May 10, 2000. The purpose of the new share issue is to partially finance the acquisition of Clip Multimedia in Germany. The new share issue will raise MSEK 13,2 to the company before issue costs. After the new share issue, the total number of shares outstanding in M2S will amount to 19 041 390, of which 708 717 are shares of series A and 18 332 673 are shares of series B. In order to facilitate delivery of shares to the investors in the new share issue the principal owner of the company, Harald Nilsonne, will lend 330 000 shares of series B until the new shares issue has been registered at the Swedish Patent and Registration Office, PRV. D. Carnegie AB is the financial advisor to M2S in connection with the new share issue. For more information, contact: Harald Nilsonne President, M2S Sverige AB +46 8 506 424 00 harald.nilsonne@m2s.com M2S business idea is to develop produce and market interactive software for e-learning. The software sold under the registered trademarks Wit and TutorWIN are available in ten languages. As Europe's leading e- learning company in IT training, M2S is established with own subsidiaries in Denmark, Ireland, Finland, France, Germany, Great Britain, Norway, Spain, Sweden and Switzerland. M2S is listed on the Stockholm Stock Exchange, Attract 40 list since January 2001. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/22/20010322BIT01480/bit0002.doc http://www.bit.se/bitonline/2001/03/22/20010322BIT01480/bit0002.pdf