Damned, wenn ich`s richtig verstanden habe, stehen mir keine Bezugsrechte zu. Bin erst seit Montag drin.
Ericsson Press Releases
Ericsson sets terms for rights offering
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Date: Friday, July 19 2002 - One A- or B-share entitles the holder to receive a right to subscribe for one new B-share at SEK 3.80 - Total offering amounts to approximately SEK 30 billion - Offering open to all shareholders of record date as of August 13, 2002 - Subscription and payment period runs from August 15 - September 3, 2002 - The rights issue is fully underwritten by shareholders and a consortium of banks Terms of the rights offering Based on the authorization granted by the extraordinary meeting of shareholders on June 6, 2002, the board of Ericsson has now set the terms of the rights offering. One share of series A or series B of Ericsson, held as of the record date of August 13, 2002, carries the right to subscribe for one new share of series B. The subscription price is SEK 3.80 per share. Equivalent terms are offered to holders of the Nasdaq-traded ADSs. Ericsson currently has 656,218,640 series A shares and 7,252,509,947 series B shares outstanding (excluding 156,775,980 treasury shares of series B), which means that a maximum of 7,908,728,587 new series B shares will be issued (assuming that no further convertibles are converted or warrants are exercised prior to the record date). Subscriptions will be possible on a non-preferential basis for shares not taken up by shareholders exercising preferential rights. Allocation preference will be given to subscriptions made by those who have exercised their subscription rights. The offering will raise approximately SEK 30 billion, before expenses. Underwriting and subscription commitments Due to the current negative sentiment in stock markets in general and the telecom industry in particular, and in order to ensure the success of the rights issue, the Board of Ericsson has decided to have the rights issue fully underwritten. Industrivärden and Investor, representing 7.4 percent of the share capital and 66.7 percent of the votes, have together undertaken to subscribe for SEK 8 billion of the rights issue. In addition, Alecta, Skandia Life, Second National Pension Fund and Third National Pension Fund, representing approximately 7.0 percent of eligible shares have undertaken to subscribe for their respective rights in the issue, corresponding to slightly more than an aggregate of SEK 2 billion. The remaining SEK 20 billion, is underwritten by a consortium of banks, consisting of Morgan Stanley, SEB/Enskilda Securities, Goldman Sachs International, Handelsbanken Securities and Schroder Salomon Smith Barney. The underwriting is subject to customary returns and conditions. Timetable Ericsson estimates that the rights offering will follow the below timetable: August 9 Ericsson's series A and series B shares will be traded exclusive of the right to participate in the offering. August 13 Record date for participation in the rights offering, i.e. shareholders and ADS holders registered as owners on this day will obtain B share rights or ADS rights, as applicable, to participate in the offering. August 15 First day for subscription and payment for B shares and ADSs. First day for trading in B share rights and ADS rights. August 27 Last day for trading in ADS rights, as well as the last day for subscription and payment for ADSs. August 29 Last day for trading in B share rights. September 3 Last day for subscription and payment for B shares. On or about Sep. 6 Announcement of preliminary rights offering results. Offering documentation will be sent to shareholders and ADS holders registered as owners as of the record date around the time of the start of the subscription period. Advisors Morgan Stanley, Enskilda Securities, Goldman Sachs International, Handelsbanken Securities and Schroder Salomon Smith Barney are financial advisors to Ericsson for the rights offering. FOR FURTHER INFORMATION, PLEASE CONTACT Henry Sténson, Senior Vice President, Corporate Communications Phone: +46 8 719 4044 E-mail: henry.stenson@lme.ericsson.se Investors Gary Pinkham, Vice President, Investor Relations Phone: +46 8 719 0858, +46 730 371 371 E-mail: investorrelations@ericsson.com Maria Bernström, Director, Investor Relations Phone: +46 8 719 5340, +46 70 533 4750 E-mail: maria.bernstrom@lme.ericsson.se Media Pia Gideon, Vice President, External Relations Phone: +46 8 719 2864, +46 70 519 2864 E-mail: pia.gideon@lme.ericsson.se A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. Underwriters, may, at any time up to the latest time for acceptance and payment in full of the nil paid rights, engage in trading activity with a view to managing the risk of the rights issue. Such activity may include purchases and sales of securities of the Company (including the nil paid rights and ordinary shares) and related securities or instruments and be effected on any securities market, over the counter market, stock exchange or otherwise, in accordance with applicable law and regulation.
http://www.ericsson.com/press/20020719-074124.html |