Sectra implements new share issue
Sectra implements new share issue Acting on a mandate from shareholders at the Annual General Meeting in June 2003, the Board of the Swedish IT and medical-technology company Sectra AB (publ) is implementing a new share issue of 2,700,000 B shares totaling SEK 150 million. The purpose of the new share issue is to finance intensified market investments within the mammography area. "There is major growth potential within the mammography area. We intend to be one of the leading players and will allocate substantial resources so that we can more rapidly establish ourselves in this market," says Jan-Olof Brüer, Chief Executive Officer and President of Sectra AB. A total of 2,700,000 B shares have been privately placed by Hagströmer & Qviberg Fondkommission AB through a so-called book-building bidding procedure at a price of SEK 55,50 per share. The shares have been principally acquired by well reputed Scandinavian institutional investors such as 3:e AP-fonden and Nordea fonder, which broadens the institutional ownership in Sectra. The new issue corresponds to 8.2% of the Company's the share capital and 4.8% of the voting rights. Following the new issue, Sectra's share capital amounts to SEK 35 851 511. For further information, please contact: Dr. Jan-Olof Brüer, President and CEO Sectra AB Ph +46 13 23 52 09, Email job@sectra.se Torbjörn Gunnarsson, Head of Equity Capital Markets Hagströmer & Qviberg Tel +46 8 696 17 18, Email torbjorn.gunnarsson@hagqvi.com Sectra's operations Sectra has its roots in Linköping Institute of Technology and is one of Sweden's fastest growing high-tech companies in IT. Since the mid-1980s, Sectra has successfully conducted development and sales of advanced medical IT and telecommunications products. Today, the business includes products in medical systems, secure communication systems and wireless information systems. Business is conducted in eight countries with a total of 300 employees. Sales for the fiscal year 2002/03 reached SEK 503 million. Since March 1999, Sectra's shares have been quoted on the O list of the Stockholm Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/07/20040407BIT20110/wkr0006.pdf Press release pdf dcoument