BOARD'S PROPOSAL FOR REDEMPTION OF SHARES IN ELEKTA
· The Board proposes a redemption of every seventeenth share for SEK
165 per share
· Through the redemption, approximately SEK 319.8 million is proposed
to be transferred to the shareholders
The Board of Directors of Elekta AB (publ) has today established the
conditions for its proposal regarding redemption of shares to the Annual
General Meeting to be held on September 22, 2003. According to the
proposal, every seventeenth share may be redeemed for SEK 165 in cash.
For every share held in Elekta, one redemption right will be received.
Seventeen redemption rights entitle the holder to redeem one share.
Assuming full acceptance of the redemption offer, approximately 1.9
million shares will be redeemed and approximately SEK 319.8 million
transferred to the shareholders in Elekta.
Time table (assuming the Annual General Meeting's approval):
Last day of trading shares in Elekta
including redemption rights: September 30, 2003
First day of trading shares in Elekta
excluding redemption rights : October 1, 2003
Record date for receiving redemption rights: October 3, 2003
Information brochure and application
form distributed: October 8, 2003
Application period: October 13 - November 11, 2003
Trading in redemption rights on
Stockholmsbörsen October 13 - November 6, 2003
A sale of up to 2,000 redemption rights free of commission will be
provided through D. Carnegie AB ("Carnegie") during October 13 - October
31, 2003 following a specific application procedure. Before payment of
the redemption proceeds can be made, the court's permission must be
obtained and the permission registered with the Swedish Patent and
Registration Office, which is estimated to take place at the end of
Carnegie is the financial advisor to Elekta AB in connection with the