Semcon's option scheme

Report this content

SEMCON'S OPTION SCHEME Semcon's offer to its staff to acquire options in Semcon AB (publ.) has been subscribed to by 327 employees. 327 people have registered their interest by subscribing for 165 100 warrants. Each warrant gives the holder the right to subscribe for one new share in Semcon AB, between 1 October - 31 December 2003, at a rate corresponding to 150% of the average last price paid on each day the company's shares were traded on the Stockholm Exchange's O-list between 14 th - 28 th August 2000. A decision was taken at Semcon AB's EGM, held on 23 August 2000, to raise a subordinated loan of a maximum SEK 650,000 by issuing a maximum 650,000 promissory notes each with a nominal value of SEK 1 (one). Each promissory note will have a detachable warrant giving the right to subscribe one share in Semcon AB. The promissory notes issued, without shareholders' preferential rights, were subscribed for by Semcon Industrial Management AB - a wholly-owned subsidiary of Semcon AB - after which it detached the warrants and offered them to employees of the Semcon AB Group for SEK 25 per warrant. For further information, please contact: Bengt Nilsson, CFO, Semcon AB, tel. +46 (0)31 721 03 11, mobile +46 (0)704 47 28 68 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/10/05/20001005BIT00750/bit0001.doc http://www.bit.se/bitonline/2000/10/05/20001005BIT00750/bit0002.pdf

Subscribe