Investor underwrites SEK 1 bn. of Husqvarna's rights issue of approximately SEK 3 bn. Investor AB has agreed to underwrite SEK 1 bn., corresponding to around one third of Husqvarna's rights issue of approximately SEK 3 bn. announced today. This amount includes Investor's pro rata share of approximately SEK 460 m. The additional subscription of approximately SEK 540 m. is provided through an underwriting agreement and will lead to shares being acquired only if the shares offered in the rights issue are not fully subscribed. Investor receives an underwriting fee in line with market conditions for the guarantee above pro rata. Husqvarna's rights issue is fully underwritten. In a comment, Börje Ekholm, President and CEO of Investor says: "Husqvarna has strong market positions and is well positioned for future profitable growth. The demand situation, not the least for consumer products, is highly uncertain at the moment. At the same time, in the current market environment interesting business opportunities may appear. All in all, we believe it is value creating to strengthen Husqvarna's financial position at this point. Also after this investment Investor will have a strong financial position, enabling attractive investments.” INVESTOR AB For further information: Fredrik Lindgren, Head of Corporate Communications, +46 8 614 2031, +46 735 524 2031 Oscar Stege Unger, Head of Investor Relations, +46 8 614 2059, +46 70 624 2059 Our press releases can be accessed at www.investorab.com on the Internet. Investor AB is the largest industrial holding company in northern Europe. For almost a century, Investor's business concept has been to generate solid long-term returns by investing in companies with attractive potential for value creation. We are an active owner who applies our experience, knowledge and network to develop both listed and unlisted holdings and make them best-in-class. Investor conducts investment activities from Northern Europe, the United States and Asia.
Investor underwrites SEK 1 bn. of Husqvarna's rights issue of approximately SEK 3 bn.
| Source: Investor AB