Fixed conditions of the Peab Industri Convertibles

The conditions for the Peab Industri Convertible Promissory Notes 2007/12 I and II have been fixed:

- 9,000,000 new convertibles
- SEK 66 conversion price

On 16 May 2007 the AGM of Peab and Peab Industri decided to approve the decision of the Board that Peab Industri will issue convertible debentures to the face value all in all of SEK 400 million at the most, which can be converted to B-shares by issuing 6,666,667 convertible debentures at the most, running from 1 December 2007 until 30 November 2012 (Peab Industri Convertible Promissory Notes 2007/2012 I)

The right to sign the convertibles belongs to, with divergence from the owners right of precedence, a completely owned subsidiary to Peab Industri AB with right and duty to offer the employed in Peab AB Group and Peab Industri AB Group to, from 26 November 2007 until 12 December 2007, acquire the convertibles.

On 13 August 2007 an extraordinary general meeting of Peab Industri further decided to issue convertible debentures to the face value all in all of SEK 200 million at the most, which can be converted to B-shares by issuing 3,333,333 convertible debentures, running from 1 December 2007 until 30 November 2012 (Peab Industri Convertible Promissory Notes 2007/2012 II). This offer is totally directed to Peab AB which intends to sign the convertibles.

Other conditions are identical for both of the Convertible Promissory Notes offers. Each convertible debenture can, during the period 1-15 December 2010, 1-15 December 2011 and 16-30 September 2012, be converted to a B-share in Peab Industri. Conversion can be done at a price corresponding to 125 per cent of the average stock-exchange rate of the official list of the OMX Stockholm, during the period from 1 November 2007 until 14 November 2007.


The conversion rate has now been fixed to SEK 66 and the emission amount of Peab Industri Convertible Promissory Notes 2007/12 I to SEK 396,000,000 corresponding to 6,000,000 new convertibles and the emission amount of Peab Industri Convertible Promissory Notes 2007/12 II to SEK 198,000,000 corresponding to 3,000,000 new convertibles. The emission rate gives a dilution, should all Convertible Promissory Notes be converted to shares, of 10.56 per cent of the share capital and 5.19 per cent of the votes. The convertible interest, which will be finally fixed 1 December, will be based on the 5-year swap interest with an addition of 0.75 per cent.

– We once again offer our employees the possibility to be owners in the company. This is very essential to me because I am convinced that a broad ownership among our staff contributes to an increased commitment, and it will strengthen our future prospects on the market and our results, says Peab Industri’s chairman Mats Paulsson.

For additional information, please contact:
Niclas Winkvist, CFO Peab Industri +46 431 44 96 05
Staffan Bremander, Corp. Comm. Mgr. Peab Industri + 46 733 37 11 10


This information is such that Peab Industri AB is obligated to publish in accordance with the Swedish Act regarding the Securities Market and/or the Financial Instruments Trading Act or has itself chosen to publish.

Previous press releases from Peab Industri are available at www.peabindustri.com.