The Swedish government sells its shares in Celsius to Saab
The Swedish government sells its shares in Celsius to Saab The Swedish Government has today accepted the offer from Saab regarding all the shares it owns in Celsius. The Swedish Government has today decided to accept the offer from Saab AB ("Saab"), regarding the A- and B-shares it owns in Celsius AB ("Celsius"). This decision follows a vote by the Swedish Parliament on 16 February 2000 in favor of a sale of the Swedish Government's shares in Celsius. The Swedish Government sells in total 3,000,000 A-shares and 4,000,000 B-shares representing 24.9 per cent of the shares and 61.7 per cent of the votes in Celsius to Saab. Prior to the Swedish Government's decision today, Saab owned a total of 10,666,066 B-shares, representing approximately 38 percent of the share capital and approximately 19 percent of the total votes in Celsius. As earlier stated, the acceptance period for Saab's offer to the shareholders in Celsius will remain open until 23 February 2000 and the estimated first date of payment is 3 March 2000. Saab's intention is to purchase all outstanding shares in Celsius as stated in its offer to the shareholders in Celsius that was announced on 16 November 1999. According to the offer, Saab is offering SEK 179 in cash for each A- or B-share in Celsius AB. For further information, please contact: Lars Jagerfelt, Vice President, Corporate Communications and Public Affairs, Saab AB tel +46 13 18 71 65 Agneta Kammeby, Investor Relations, Saab AB tel +46 13 18 71 25 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/17/20000217BIT00990/bit0001.doc http://www.bit.se/bitonline/2000/02/17/20000217BIT00990/bit0002.pdf