latest news releases from the newsroom
Autoliv Shows New Airbag and New Seat Belt
STOCKHOLM, Sweden, May 20, 2003 (PRIMEZONE) -- Autoliv Inc., (NYSE:ALV) (SSE:ALIV) the world-wide leader in automotive safety systems, presented today two new safety systems at an international conference for Enhanced Safety of Vehicles (ESV) in Nagoya, Japan. Test data indicate that the new seat belt system, which consists of a standard 3-point belt and a supplementary 2- point belt, can be 30% more efficient in frontal crashes than the traditional 3-point belt. Tests also show that a combination of the new seat belt system and a newly designed Side-Support Airbag (SSA) could considerably cut the number of fatalities and severe injuries in so- called "far-side" impact collisions and in rollovers.
Frontline: Capital Adjustments
HAMILTON, Bermuda, May 20, 2003 (PRIMEZONE) -- Employees of Frontline (NYSE:FRO) have exercised options to acquire a total of 8,500 shares in Frontline. All shares have been acquired at a strike price of NOK 27.58 per share. Total proceeds were NOK 234,430.
Per E. Larsson to Leave OM
STOCKHOLM, Sweden, May 20, 2003 (PRIMEZONE) -- Per E. Larsson is to leave his position as CEO of OM (Other OTC:OMGPF) on May 30, 2003. The Board of Directors has decided that a new CEO will head the new company that will be formed when OM merges with HEX. OM's Deputy CEO, Magnus Bocker has been appointed as acting CEO.
Framfab Exercises Authorization Granted by Annual General Meeting
STOCKHOLM, Sweden, May 20, 2003 (PRIMEZONE) -- Based on authorization granted by the annual general meeting, Framfab AB (publ) has carried out a settlement issue of 27,563,980 shares, as well as an issue of 1,700,000 new shares, cumulatively increasing the company's capital stock by 2,926,398 kronor. The purpose of the issues is to finance the additional purchase sum for the acquisition of NetlinQ Groep N.V. The total subscription settlement of 9,112,098 kronor represents an average subscription price of 0.311 kronor per share.
Ahold Completes Divestment of De Tuinen
ZAANDAM, Netherlands, May 20, 2003 (PRIMEZONE) -- Ahold (NYSE:AHO) today announced that definitive agreement has been reached with NBTY, Inc., a U.S.-based, publicly-held company, for the divestment of its Dutch natural products retail unit De Tuinen. The transaction value amounts to approximately Euro 16 million, to be paid as a cash sum. The transaction has received all necessary approvals.
Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c. Purchase of Own Shares
DUBLIN, Ireland, May 20, 2003 (PRIMEZONE) -- Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that on 19 May 2003, it purchased ordinary shares. Allied Irish Banks, p.l.c. announces that on 19 May 2003, it purchased 1,325,000 of its ordinary shares, at an average price of Euro 13.4199, to be held as treasury shares.