The preliminary results of Geveko's rights issue indicate that approximately 12.4 million shares, of which approximately 2.2 million A-shares and approximately 10.2 million B-shares, representing a total of approximately 98.1 percent of the offered shares, were subscribed for with subscription rights. Additionally, applications have been made to subscribe for approximately 6.5 million shares with subsidiary preferential rights and without preferential rights. Thus, the rights issue is fully subscribed and the underwriting commitments do not need to be utilised. Through the rights issue Geveko will receive proceeds amounting to approximately MSEK 165 before issue costs. Those who have subscribed for shares without preferential rights will be allocated shares according to the principles outlined in the prospectus. Such subscribers who have been allocated shares will be notified on or around May 5, 2010. Only those who are allocated shares will be notified. Through the rights issue Geveko's share capital increases by SEK 151,903,188 to SEK 202,537,584 (after reduction of share capital resolved at Geveko´s Extraordinary General Meeting on March 31, 2010). The number of shares in Geveko will increase by 12,658,599, of which 2,160,000 A-shares and 10,498,599 B-shares. After the rights issue the total number of shares will amount to 16,878,132, of which 2,880,000 A-shares and 13,988,132 B-shares. New B-shares subscribed for with subscription rights are expected to start trading on NASDAQ OMX Stockholm on May 7, 2010. Trading in B-shares subscribed for with subsidiary preferential rights and without preferential rights is expected to start on May 20, 2010. A-shares will not be listed on NASDAQ OMX Stockholm. For further information please contact: Hans Ljungkvist, CEO and Managing Director Telephone: +46 (0) 31 172 945 Mobile: +46 (0) 70 537 1110 AB Geveko (publ) SE-403 13 Gothenburg, Sweden Corp Identity No. 556024-6844 Telephone: +46 (0) 31 172 945 www.geveko.com <http://www.geveko.com/> The information in this pressrelease is such that AB Geveko is required to publish under the terms of the Securities Market Act and/or the Act concerning Trading in Financial Instruments. The information was released for publication at 12.30 on April 30, 2010. IMPORTANT INFORMATION This press release cannot be made public or distributed, directly or indirectly, in the United States, Canada, Japan, or Australia. No information in this press release should be viewed as an offer to invest or otherwise trade in the shares in AB Geveko. The proposed offerings will not be directed at people from or residing in the United States, Canada, Japan, Australia, or any other country where participation requires additional prospectus or any other documentation of the offering, registration, or actions beyond Swedish law, except as applicable. No securities in AB Geveko will be registered according to the United States Securities Act of 1933 or any provincial law of Canada. AB GEVEKO (publ) Org.nr.: 556024-6844 Box 2137, 403 13 Gothenburg, Telephone +46 (0) 31 172 945,info@geveko.se <mailto:info@geveko.se>, www.geveko.com <http://www.geveko.com/> This press release or any part of it may not be distributed or published, directly or indirectly, in or to the USA, Canada, Australia, Japan, Hong Kong, New Zealand or South Africa or in any other country where disclosure, publication or distribution would be illegal. [HUG#1410531]
Geveko's rights issue fully subscribed
| Source: Geveko, AB