MALMO, Sweden, Feb. 18, 2004 (PRIMEZONE) -- On February 17, 2004, Briban Invest AB, owned by Jan Barchan, has sold 1,500,000 B shares in AudioDev AB to Swedish and foreign institutional owners. As a result, Briban Invest's holding will now be 600,000 A shares and 7,903,000 B shares, which corresponds to 50.9% of the capital and 62.9% of the votes.
Jan Barchan, who up until May 6, 2003 was CEO at AudioDev, advises that the sale has been made as part of his express ambition of gradually reducing his ownership in AudioDev in a structured manner. However, Jan Barchan intends to remain a long-term owner in AudioDev.
Contact us for more information: Peter Ragnarsson, CEO Tel: +46 40 690 49 00 E-mail: peter.ragnarsson@audiodev.com Marielle Noble, Communications & Investor Relations Tel: +46 40 690 49 05 Mobile +46 709-694980 E-mail: marielle.noble@audiodev.com
About AudioDev AB
AudioDev (www.audiodev.com) is a world-leading manufacturer of test equipment for CD and DVD. Since 1987, AudioDev has successfully built up a complete range of products for the optical media market. Our product portfolios carry the brand name CATS and Go!. The CATS products are recognized worldwide as the industry de facto standard for testing. Go! is a new brand aimed at production control. We also offer an extensive service and support network as well as customized training sessions and independent test analyses through AudioDev's Test Centers. Since September 2000, AudioDev is listed on the Stockholmsborsen (Swedish stock exchange).
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