latest news releases from the newsroom
Changes within Telelogic's Board
MALMO, Sweden, Nov. 30, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), today announces that Joakim Westh, due to new assignments within the Ericsson Group as of December 1st, wishes to resign as member of the Telelogic Board of Directors. Ericsson is since many years a customer of Telelogic. In his new assignment at Ericsson, Joakim Westh will be in charge of the corporate function Operational Excellence, which among others includes the purchasing department. In order to ensure avoiding eventual future conflict of interest, Joakim Westh hence chooses to resign as Board member at Telelogic as of November 30th 2004.
Millicom International Cellular
Millicom International Cellular S.A. Announces: Concurrent Offerings of 8 Million Ordinary Shares in the form of Ordinary Shares or Swedish Depositary Receipts and US$175 Million Convertible Bonds
BERTRANGE, Luxembourg, Nov. 30, 2004 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC) (Stockholmsborsen and Luxembourg Stock Exchange: MIC), today announces that it intends to offer 8 million of its Ordinary Shares in the form of Swedish Depositary Receipts (``SDRs") or Ordinary Shares (the "Share Offering") and that it intends to offer $175 million of convertible bonds convertible into Ordinary Shares and/or SDRs (the "Bonds", or the "Bond Offering"). The offerings, which are subject to market and other conditions, are being made without preferential rights for shareholders, outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act of 1933 (the "Act") or in other transactions exempt from U.S. registration requirements. An additional amount of up to 1 million Ordinary Shares in the form of Ordinary Shares or SDRs and an additional 15% aggregate principal amount of Bonds may be issued upon the exercise of options granted to the managers of the transaction.