Atlas Copco To Utilize Mandate in Connection to Its Share Value Based Incentive Programs.STOCKHOLM, Sweden -- The Board of Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. AB (STO:ATCOA) (STO:ATCOB) has decided to use the mandate granted by the AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f 2007 to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. own B-shares and purchase own A-shares in connection to its share value based incentive programs. Up to 8 828 400 B-shares currently held by the company can be divested and 6 400 000 A-shares can be purchased, in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the resolution by the AGM 2007. The objective is to use proceeds from the B-shares primarily to acquire own shares of series A, which will be held for possible delivery under the company's personnel option programs. Proceeds can also be used to cover costs for social security charges. Purchases of shares are subject to market conditions and regulatory restrictions, and can only be made at a price per share that falls within the registered price range at each given time. The number of outstanding shares issued is presently 839.4 million A-shares and 390.2 million B-shares for a total of 1 229.6 million shares. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2006, Atlas Copco had 25 900 employees and revenues of BSEK 51 (BEUR 5.6). Learn more at www.atlascopco.com. This information was brought to you by Cision http://newsroom.cision.com |
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