Skip to content Go to main navigation Go to language selector

Resolution at Extraordinary General Meeting to offer convertible debentures to employees of the Saab Group

Resolution at Extraordinary General Meeting to offer convertible debentures to employees of the Saab Group At an Extraordinary General Meeting of shareholders in Saab AB on Wednesday, September 30 1998, a resolution was adopted to issue convertible debentures to employees of the Saab Group. The debenture loan will be at most SEK 254 million and will run from December 4 1998 to July 30 2004. "The debentures will enable our personnel to become more involved in the company's development," says Bengt Halse, President and CEO, in his address to the shareholders' meeting. Hopefully, employee participation and ownership in the company will be accompanied by a sense of involvement, satisfaction and loyalty, which is necessary for Saab's continued success". The conversion rate has earlier been set at SEK 91. With full subscription and conversion, the issue will lead to a dilution of 2.55 percent of the share capital and 1.67 percent of the number of votes. For further information, please contact: Lars Jagerfelt, Vice President, Corporate Communications and Public Affairs, Saab AB +46 13 187165 Göran Wedholm Controller Corporate Financial Control, Saab AB +46 13 187121