Derivatives: Anticipated adjustment due to Volvo’s split and redemption (30/07)

The following information is based on a press release from AB Volvo (Volvo) dated April 4, 2007. 

The Annual General Meeting, held on April 4, 2007, approved a share split 6:1 whereby every Volvo share will be replaced by five (5) ordinary shares and one (1) redemption share. The redemption share will then be subject to compulsory redemption for a cash payment of SEK 25,00. OMX Derivatives Markets will carry out a re-calculation of options and futures in Volvo and adjust the OMXS30 index as below. Scheduled record date for split and redemption shares is April 30, 2007.