latest news releases from the newsroom
Tranche IV of HiQ's Staff Warrants Programme
STOCKHOLM, Sweden, March 25, 2002 (PRIMEZONE) -- Tranche IV (Warrants 2002/2004) of HiQ's staff warrants programme, approved by the AGM on the April 26, 2001, has been completed. Pursuant to the regulations for resale, a total of 60,000 warrants have been allocated. Each warrant entitles the holder to subscribe for 1 share.
SCA Acquires French Packaging Company
STOCKHOLM, Sweden, March 25, 2002 (PRIMEZONE) -- SCA has reached an agreement, following a ruling by the bankruptcy court, to take over the French packaging company AR Fegersheim, formerly a subsidiary of A&R Carton AB. SCA is paying EUR 250,000 for the company and at the same time is assuming leasing and pension commitments with a capital value corresponding to approximately EUR 2 M. Concurrently, agreement was reached with the union organizations whereby SCA will offer about 100 persons continued employment. Previously, there were about 300 persons employed at the company.
OTI On Track Innovations Inc.
OTI Announces Financial Results for 2001; Revenues Improved by 35% to US $20.92 Million
ROSH PINA, ISRAEL, March 25, 2002 (PRIMEZONE) -- OTI (GER:OT5), the global provider of contactless smart card technology and product solutions, today announced financial results for the year ended December 31, 2001. The results reflect the difficult economic environment. Some of the company's most important customers have delayed their orders, and a major account was canceled completely, thus affecting the ability to meet the financial expectations OTI had set for the year, as already announced in October 2001. Nevertheless and unlike the majority of the competition, OTI has managed to continue its growth path, achieving revenues of US $20.92 million (+35%). In the meanwhile the company continued to reduce operating costs, focusing on bringing the company to profitability at operational activities in the second half of 2002.
New Board Members in Bure
GOTEBORG, Sweden, March 25, 2002 (PRIMEZONE) -- The Nomination Committee of Bure proposes that the Annual General Meeting, which will be held on April 23, will elect Ulf Berg, Bjorn Bjornsson and Hakan Larsson as Board Members. It also proposes re-election of Gosta Wiking, Erling Gustafsson, Maria Lilja and Peter Sandberg. Hans Wilandh and Leif Edvinsson will not stand for re-election.
Klippan AB: New Share Issue
KLIPPAN, Sweden, March 25, 2002 (PRIMEZONE) -- As a part of the financing of the acquisition of Stora Enso Molndal, the Klippan Board has decided to propose a new issue for approval by the Annual General Meeting on April 25, 2002.
Scania and Hino Sign Cooperation Agreement
SODERTALJE, Sweden, March 25, 2002 (PRIMEZONE) -- Scania (NYSE:SCVA) and Japanese commercial vehicle manufacturer Hino Motors Ltd. (Hino) today entered a strategic cooperation agreement. The aim of this agreement is to establish a long-term business alliance in order to increase the market potential for both companies.