October 14, 1999
14 October 1999---The rights issue, approved by an Extraordinary General Meeting of Atlas Copco AB on September 6, 1999, has successfully been concluded. The subscription level for the rights issue was 99.5%. The issue provided the Company with proceeds of MSEK 4,173.8.
As a result of the rights issue, the number of shares in the Company will be increased by 26,086,264 of which 17,401,426 will be Series A shares and 8,684,838 Series B shares. The share capital of the Company after the rights issue will amount to 1,048,010,920 SEK and the number of shares will be 209,602,184 of which 139,899,016 will be Series A shares and 69,703,168 Series B shares.
Trading in the new shares is expected to commence on the OM Stockholm Exchange on October 25, 1999. Atlas Copco will issue its nine months report of operations on October 26, 1999.
Atlas Copco is an international group of industrial companies with its head office in Stockholm, Sweden. In 1998 the Group had revenues of 4.2 BUSD, with 97 percent of revenues outside Sweden, and over 23.000 employees. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressors, construction and mining equipment, assembly systems and provides related service and equipment rental. Additional information about Atlas Copco is available at the Group's web site, www.atlascopco.com, which provides access to current news about the Company.
For further information, please contact:
Hans Ola Meyer, Senior Vice President, Group Treasurer, (analysts)
Phone +46 8 743 8292, mobile +46 70 588 8292, [email protected]
Annika Berglund, Vice President, Corporate Communications, (media)
Phone +46 8 743 8070, mobile +46 70 322 8070, [email protected]
THE SECURITIES BEING OFFERED IN CONNECTION WITH THE NEW ISSUANCE DESCRIBED ABOVE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE LAWS OF ANY STATE, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE LAWS.