Cell Network's New Share Issue Fully Subscribed.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--June 20, 2001 The previously announced new share issue with preferential pref·er·en·tial adj. 1. Of, relating to, or giving advantage or preference: preferential treatment. 2. rights for shareholders in Cell Network AB (publ) has been completed. The new share issue was fully subscribed Fully Subscribed A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of to, in total 90.522.952 shares. Cell Network has thus raised 272 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner before costs. Through the new issue the number of shares will increase from 90.522.952 to 181.045.904. "We are pleased that the new share issue has been carried through as planned. This creates the conditions needed for us to continue building a profitable and more focused Cell Network," says CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Niklas Flyborg. During the new share issue H&Q Technology has been the financial advisor to Cell Network. |
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