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NEWS
(01/07/2013 / sha)
BillerudKorsnäs’ rights issue fully subscribed
The preliminary results of BillerudKorsnäs’ rights issue show that approximately 98.0 % of the offered shares were subscribed for with subscription rights. Additionally, applications have been made to subscribe for approximately 26.9 million shares without subscription rights. Thus, the rights issue is fully subscribed.
Through the rights issue BillerudKorsnäs will receive proceeds amounting to approximately SEK 1,996 million before issue costs.
“We are very pleased with the strong support from our shareholders. The rights issue strengthens our financial position and enables BillerudKorsnäs to take advantage of business opportunities and further improve its position on the market”, says Per Lindberg, president and CEO of BillerudKorsnäs.
Through the rights issue, the number of shares in BillerudKorsnäs increase by 68,833,629 to 208,219,834. The share capital increases to SEK 1,537,642,792 through the rights issue. The new shares subscribed for with subscription rights are expected to start trading on NASDAQ OMX Stockholm on 10 January. Trading in shares subscribed for without subscription rights is expected to start on 14 January 2013.
