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[0] Distribution of Acquisition Value Between Shares in Bure and Capio.


Business Editors

STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Dec. 20, 2000

During 2000, Bure Bure can be:
  • River Bure, a river in Norfolk,England.
  • Bure, Belgium, a small village in the Belgian province of Luxembourg, known for the Chantoir (sinkhole) de Bure.
  • Bure Equity, Swedish investment company.
  • Bure, Switzerland, municipality of the Canton of Jura.
 Equity AB (publ) distributed all the shares in its wholly-owned subsidiary, Capio AB (publ), to the shareholders.

The benefit for shareholders to receive shares in another company free of charge is placed on a par with a dividend. However, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the provisions for state tax such dividend is tax-exempt subject to certain specified conditions. The National Tax Board has established that the aforementioned a·fore·men·tioned  
adj.
Mentioned previously.

n.
The one or ones mentioned previously.


aforementioned
Adjective

mentioned before

Adj. 1.
 provision regarding tax-exemption is applicable to this distribution. Under such circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact.
     2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or
 the proportion of the average acquisition value of the shares in Bure, which is equivalent to change in the market value as a consequence of the distribution, shall be regarded as acquisition value for the distributed shares in Capio.

The last day for trading shares in Bure with a right to distribution was 6 October 2000, when the lowest price paid was SEK SEK

In currencies, this is the abbreviation for the Swedish Krona.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 90.50. The first day for trading shares in Bure without a right to distribution was 9 October 2000, when the lowest price paid was SEK 63. The National Tax Board has issued recommendations in its communication, Dnr 9599-00/140, and announced that, in these circumstances, the acquisition value should be distributed as follows:

Recommendations:

Of the acquisition value for shares in Bure, 70 per cent should relate to these shares and 30 per cent to shares in Capio.

These recommendations will be applied from the 2001 assessment of tax.

The distribution meant that for each two shares in Bure one share in Capio was distributed.

Gothenburg, 20 December 2000

Bure Equity (publ)

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Publication:Business Wire
Date:Dec 20, 2000
Words:304
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