Chubb Plc Sell Their Remaining Shares in ASSA ABLOY.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 14, 2001 In connection with a placing of ASSA ABLOY The ASSA ABLOY Group is a Swedish company. The group is the world's leading manufacturer and supplier of locks. ASSA ABLOY was formed in 1994 when ASSA Ab was detached from Swedish security firm Securitas AB. shares on behalf of Wartsila Corporation the demand for more shares has been substantial. In order to limit the uncertainty of a possible future sales by Chubb Group Ltd of their ASSA ABLOY shares and to place them in a controlled fashion, it has been decided that Chubb should be released from their lock-up agreement Lock-Up Agreement A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. . Chubb has hereby divested all their shares in ASSA ABLOY. ASSA ABLOY AB (publ) P.O. Box 70340, S-107 23 Stockholm Tel: +46 8 506 485 00, Fax: +46 8 506 485 85 Visiting address: Klarabergsviadukten 90 www.assaabloy.com The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products In the context of fuels and lubricants, a petroleum or chemical product used as a hydraulic fluid, corrosion preventive, liquid propellant, or specialized product, required for the operation, maintenance, or storage of military equipment. , dedicated to satisfying end-user needs for security, safety and convenience. Current sales for the Group are in excess of 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. 20 billion (approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. 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. 2 billion) and the number of employees is more than 20,000. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/14/20010514BIT00940/bit0002.doc http://www.bit.se/bitonline/2001/05/14/20010514BIT00940/bit0002.pdf |
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