Adera raises 427 million SEK in secondary offering.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--March 20, 2000 The board of directors in Adera AB decided, in a meeting on the 19th of March 2000, to issue 2.500.000 shares, series B. The shares have been issued to large Swedish and foreign institutional investors Foreign Institutional Investor (FII) is used to denote an investor - mostly of the form of an institution or entity, which invests money in the financial markets of a country different from the one where in the institution or entity was originally incorporated. . Shares issued to foreign institutional investors represents two thirds of the total number of issued shares. The share price, 171 SEK/share have been set through a book-building procedure. The offering raises 427,5 million 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. to the company before costs associated with the transaction. H&Q Technology have acted as advisor in the transaction. The purpose of the secondary offering is to raise funds for further expansion in Europe and to broaden the institutional ownership. "During a one-week road-show we experienced a large interest in Adera among institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. - we have through the secondary offering secured financial resources to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. our long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. expansion strategy." Adera helps our clients to be competitive in the new business logic by implementing innovative and integrated e-business solutions. We have three types of competence categories in our company; strategy/business development, branding/communications and IT/Internet. Adera currently employs 450 staff and has offices in Gothenburg, Stockholm, Ljungby, Varnamo, Copenhagen, Oslo, London, Amsterdam, Antwerp, Munich and Dallas. Company shares have been noted on Stockholm's Stock Exchange O list since 10th June 1999. (www.aderagroup.com) ----------- Please visit http://www.bit.se for further information The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/03/20/20000320BIT00290/bit0001.doc http://www.bit.se/bitonline/2000/03/20/20000320BIT00290/bit0002.pdf |
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