Major Shareholding Notification • Jan 4, 2010
Major Shareholding Notification
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Stockholm 4 January 2010
Press release
Björn Borg has today received a disclosure notice setting out that Fredrik Lövstedt, Chairman of the board of Björn Borg, has increased his holdings in Björn Borg by 1,200,000 shares. Following the increase, Fredrik Lövstedt holds, through AB Durator and other closely related persons, 2,600,040 shares in Björn Borg, which corresponds to approximately 10.3% of the votes and capital in the company.
Björn Borg has today also received a disclosure notice setting out that Martin Bjäringer has decreased his holdings in Björn Borg by 1,200,000 shares. Following the decrease, Martin Bjäringer holds, through Dirbal B.V. and other closely related companies, 600,000 shares in Björn Borg. The holdings represent approximately 2.4% of the votes and capital in the company.
For further information, please contact:
Fredrik Lövstedt, Chairman of the board, +46 708 595480, [email protected] Johan Mark, CFO, +46 733 931226, [email protected]
The Group owns the Björn Borg trademark and has operations in five product areas: clothing, footwear, bags, eyewear and fragrances. Björn Borg products are sold in around fifteen markets, of which Sweden and Holland are the largest. The Björn Borg Group has operations at every level from branding to consumer sales in its own Björn Borg stores. Total sales of Björn Borg products in 2008 amounted to almost SEK 2 billion, excluding VAT, at the consumer level. Group net sales amounted to SEK 527 million as per December 31, 2008, with 88 employees. The Björn Borg share is listed on the Nasdaq OMX Nordic in Stockholm since May 7, 2007.
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