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Loomis — Share Issue/Capital Change 2009
Mar 4, 2009
2940_rns_2009-03-04_6dc92a3e-1831-451b-a1a9-03b58b05b845.pdf
Share Issue/Capital Change
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Press Release
For more information, contact: Lars Blecko, Chief Executive Officer +46 70 641 49 10 Jarl Dahlfors, Chief Financial Officer +46 73 812 20 56
Stockholm, March 4, 2009
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Senior executives in Loomis invest in the company
The subscription warrant program, which was resolved upon by an extraordinary general meeting of shareholders on February 16, 2009, and which has been offered to a number of key individuals and senior executives in the Loomis Group, was oversubscribed. In total, 77 senior executives have chosen to participate in the program and have, on the basis of a personal investment, received subscription warrants.
The subscription price per share on the basis of the subscription warrants was determined in conjunction with the allotment of subscription warrants at SEK 72.50. This price is equivalent to a marketbased valuation of the subscription warrant, including the issue rate (SEK 8.50), and has been determined by independent valuation institutes applying an established valuation model (Black & Scholes).
As has been previously notified, the option program can, with full subscription and full exercise of all subscription warrants, result in an increase in share capital of a total of a maximum of SEK 12,775,000, which is equivalent to approximately 3.50 % of the company's present share capital and approximately 2.46 % of the number of votes. In total, the program may, on the basis of all subscription warrants being exercised, result in a total dilution of a maximum of approximately 3.38 % as regards share capital and approximately 2.40 % as regards the number of votes after full dilution, calculated as the number of new shares in proportion to the number of existing and new shares.
Subscription of shares on the basis of the subscription warrants will take place during the period March 1 – May 31, 2013.
Loomis offers safe and effective solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of more than 370 canters of operation in 12 European countries and in the US. Loomis has 20 000 employees and a turnover of 11 billion Swedish kronor. Loomis is a mid-cap listed company on NASDAQ OMX Stockholm.