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  • Extraordinary General Meeting in Telelogic approved the Board´s decision on rights issues of shares and convertible debe

Extraordinary General Meeting in Telelogic approved the Board´s decision on rights issues of shares and convertible debe

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Extraordinary General Meeting in Telelogic approved the Board's decision on rights issues of shares and convertible debentures MALMÖ, August 9, 2001 - An Extraordinary General Meeting in Telelogic AB (Stockholm Exchange: TLOG) has today decided to approve the Board's decision of July 20, 2001 on the new issuing of shares and convertible debentures with preferential subscription right for Telelogic's shareholders. Shareholders are given a choice to subscribe for shares and/or convertible debentures. Telelogic will receive approximately SEK 250 million from the issues, before deduction of issue costs. Shareholders representing 26% of the share capital of Telelogic have signed guarantees and undertakings to subscribe based on subscription rights to a total amount of SEK 150 million. The reason for the issues is to provide a stable and satisfying base of working capital for the future development of the Company. The terms and conditions for the issues have been described in a press release from Telelogic on July 20, 2001. Further, the terms and conditions have also been announced publicly through the notice to participate in the Extraordinary General Meeting and a separate public announcement of the Board's decision. Said announcements were published in Svenska Dagbladet and Post- och Inrikes Tidningar on July 26, 2001. TIME PLAN FOR THE ISSUES · Final day for trading in the Telelogic share including right to participate in the issues: August 13, 2001 · Record date for participation in the issues: August 16, 2001 · Subscription period: August 21, 2001 - September 11, 2001 · Trading in subscription rights: August 21, 2001 - September 6, 2001 Enskilda Securities is the financial advisor to Telelogic in connection with the issues. ABOUT TELELOGIC (Stockholm Exchange/TLOG) Telelogic is a leading global supplier of solutions for advanced software development. By providing integrated best-of-breed products and professional services for the end-to-end software development lifecycle, Telelogic enables organizations to improve quality and predictability, while reducing time-to-market and overall costs. Customers include Airbus, Alcatel, BMW, Boeing, British Telecom, DaimlerChrysler, Deutsche Bank, Ericsson, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Philips and Siemens. Telelogic's worldwide presence includes offices in Asia, Australia, Europe and North America. For more information about Telelogic and how it can benefit your development efforts, visit the website at www.telelogic.com. Contacts: Anders Lidbeck Fredrik Sjöholm President & CEO Investor Relations Telelogic AB Telelogic AB Phone: +46 40-17 47 00 Phone: +46 40-650 65 22 Fax: +46 40-17 47 47 Fax: +46 40-17 47 47 E-mail: E-mail: fredrik.sjoholm@telelogic.com anders.lidbeck@telelogic.com Not for release in or into the United States, Canada, Australia or Japan. No offer is being made to persons whose participation in the offer requires that further prospectus, registration, or, other measures are taken in addition to those required under Swedish law. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/09/20010809BIT00570/bit0002.doc http://www.waymaker.net/bitonline/2001/08/09/20010809BIT00570/bit0002.pdf