Investment AB Kinnevik (publ) ("Kinnevik") today announced that it intends to
subscribe to its pro rata share of Transcom's new share issue and guarantee the
remaining part of the new issue which is not subject to subscription
undertakings from other shareholders.
The issue, which entails preferential rights to subscribe for new shares for the
current shareholders of Transcom, will amount to approximately SEK 500 million
and it will be fully underwritten by Kinnevik, Transcom's largest shareholder.
Kinnevik, that together with subsidiaries holds 22.3% of the capital and 44.5%
of the votes in Transcom, has also undertaken to subscribe for it's pro rata
share of the issue. For further information on the rights issue, please refer to
Transcom at www.transcom.com.
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik was founded in 1936 and thus embodies more than seventy years of
entrepreneurship under the same group of principal owners. Kinnevik's objective
is to increase shareholder value, primarily through net asset value growth. The
company's holdings of growth companies are focused around seven comprehensive
business sectors; Paper & Packaging, Telecom & Services, Media, Online, Micro
financing, Agriculture and Renewable energy. Kinnevik has a long history of
investing in emerging markets which has resulted in a considerable exposure to
consumer sectors in these markets. Kinnevik plays an active role on the Boards
of its holdings.
The Kinnevik's class A and class B shares are listed on the NASDAQ OMX
Stockholm's list for large cap companies, within the financial and real estate
sector. The ticker codes are KINV A and KINV B.
[HUG#1555928]
