Semcon buys-back convertibles


Semcon buys-back convertibles

The Board has decided to offer the 50 key employees with convertibles issued
during the company's convertible-based incentive scheme, decided upon at the
Extraordinary General Meeting on 7 February 2008, the opportunity to acquire
(buy-back) convertibles against a payment equivalent to a nominal amount in
addition to accrued interest up until the settlement day.  


The acceptance period will run from 3 November until 7 November 2008. The
settlement could amount to SEK 37 million in addition to accrued interest. The
convertibles that the company acquires will cease to be valid, meaning the
company's burden of debt will fall by the equivalent amount.  

The reason for the decision is that the current economic situation and financial
uncertainty has meant that the convertibles have completely lost their incentive
function that motivated their introduction, and that a buy-back contributes
better to achieving this function than allowing the convertibles to remain
outstanding. Due to objections, the CEO Kjell Nilsson has not taken part in this
decision. The Board currently has no intention for the convertible-based
incentive scheme to be replaced with another similar scheme.  


For more information, please contact: 
Björn Strömberg, CFO Semcon AB, +46 (0)708 35 44 80
Anders Atterling, Investor Relations Manager Semcon AB, +46 (0)704 47 28 19


This information is such that Semcon AB must publish according to laws governing
the securities market and/or laws governing trading in financial instruments.
This information was published at 15:30 on 31 October 2008. 

Semcon is a global engineering services company with sites at 40 locations on
three continents. The Group works with product development and information
solutions and is organised into three business areas: Automotive R&D, Design &
Development and Informatic. The Group has around 3,600 employees and had annual
sales of SEK 3.3 billion pro forma in 2007. Semcon's shares are listed on the
Nasdaq OMX Nordic Exchange Stockholm under the SEMC ticker.

Attachments

10312321.pdf