Clarification Regarding Effect On Earnings of Boliden Preference Shares and Sale of Starkki.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Oct. 3, 2000 Trelleborg has held preference shares in Boliden since March 1999, which are booked as a short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. investment. The intention has always been to sell the holding at an appropriate time. In Trelleborg's opinion such a divestment divestment to strip one's investment from an entity. was impossible to implement during autumn 1999 and spring 2000, however, due to refinancing Refinancing An extension and/or increase in amount of existing debt. and an issue of shares in Boliden Ltd. Both the book value of the holding - 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. 524 M - and the market value have been noted in all of Trelleborg's interim reports. At the time the next interim report is published, which will cover the quarterly period ended September 30, the market value will be approximately SEK 100 M less than the book value, whereby a writedown will be made. As has also been announced earlier, the Group will receive a gain of SEK 104 M during the third quarter in connection with the Trenor Group's divestment of Starkki. Both these items are of a nonrecurring nature and are considered to be known by the market as a result of the reports noted above. Trelleborg's ongoing operations within its four business areas are developing in line with internal plans. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se 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/2000/10/03/20001003BIT00600/bit0001.DOC See doc file and docs. 1. Doc - Directed Oc 2. doc - /dok/ Common spoken and written shorthand for "documentation". Often used in the plural "docs" and in the construction "doc file" (i.e. documentation available on-line). http://www.bit.se/bitonline/2000/10/03/20001003BIT00600/bit0002.pdf |
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