Skip to content Go to main navigation Go to language selector

Saab employees choose to stay shareholders

Saab employees choose to stay shareholders The stock option converting period is now ended and in total SEK 245 m corresponding to 2 690 671 B-shares have been converted, a dilution of the total share capital by 2,53 % and of the total voting rights by 1,64 %. " We are happy to see that so many of our employees have chosen to remain shareholders in Saab. The share value has increased and the convertible bond loan has been a stable placement for their owners during an otherwise turbulent period on the market", says Åke Svensson, President and CEO of Saab. A convertible bond loan was offered to Saab's employees 1998 amounting to SEK 254 m, corresponding to an increase in the total number of B- shares to 2 787 500. The conversion period for the options was from December 4, 2001 through July 15, 2004. The conversion rate was SEK 91. After the conversion Saab has a total share capital of 1 746 million SEK and the total number of shares is 109 150 346. The remaining part, 9 billion SEK, will be repaid in cash on July 2004. Saab is one of the world's leading high-technology companies, with its main operations focusing on defence, aviation and space. The group covers a broad spectrum of competence and capabilities in systems integration. For further information please contact: Lars Wahlund, Senior Vice President Corporate Financial Control, Saab AB Tel: +46 13 18 71 35, cellular: +46 734 18 71 35 lars.wahlund@saab.se Göran Wedholm, Manager Investor Relations, Saab AB Tel: +46 13 18 71 21,cellular: +46 734 18 71 21 goran.wedholm@saab.se www.saab.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/20/20040720BIT00200/wkr0001.pdf