Skanditek Industriförvaltning´s Board approves buy-back of shares
Skanditek Industriförvaltning´s Board approves buy-back of shares The Board of Skanditek Industriförvaltning AB (publ) decided at a Board meeting September 12, 2002, supported by the authorization the Board received from the Annual General Meeting on March 27, 2002, to acquire Skanditek shares. Share acquisitions will be conducted on Stockolmsbörsen (the Stockholm Exchange)at a price per share that is within the price range registred on Stockholmsbörsen atthe time of acquisition. The objective of this repurchase is to adjust the Companys capital structure, as well as the ability to transfer shares in connection with the financing of any new or existing porfolio company acquisition through payment using the Company´s own shares. In accordance with the Board´s decision, a maximum of 3.000.000 shares can be acquired. Skanditek currently has no holding of its own shares. Following the potential completion of the acquistions, Skanditek will have a maximum holding of 3.000.000 shares, corresponding to 5,1 percent of the total number of shares issued in Skanditek. The acquisition will be conducted during the period prior the next Annual General Meeting. Stockholm, September 12, 2002 SKANDITEK INDUSTRIFÖRVALTNING AB (publ) For further information, please contact: Patrik Tigerschiöld, president, phone +46 (0)8 614 00 20, e-mail patrik.tigerschiold@skanditek.se. Jonas Alfredson, financial manager, phone +46 (0)8 614 00 29, e-mail jonas.alfredson@skanditek.se. Skanditek is an industrial holding company owning stock in Swedish unlisted and listed companies. Our business concept is to be an active and long-term stockholder and to further the portfolio companies' development by providing industrial and financial competence at board and management level. The portfolio comprises twelve holdings within the areas electronics, information technology, biotechnology and services. The major holdings are in Axis (14%), LGP Telecom Holding (9%), Mydata Automation (39%), PartnerTech (40%) and Vitrolife (35%). Skanditek is listed on the OM Stockholm Exchange's O list. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/12/20040928BIT20510/wkr0001.pdf