Novestra's Holding in B2 Bredband AB - Bredbandsbolaget -.Business Editors/High-Tech Writers STOCKHOLM, Sweden--(BUSINESS WIRE)--Sept. 22, 2000 Bredbandsbolaget has today announced an Initial Public Offering on the OM Stockholm Exchange's O-List. and Nasdaq National Market. In connection with the listings, there will be an offering of 29 million primary shares with a price range between 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. 115 - 165 per share. Novestra's holding in Bredbandsbolaget amounts to 3,778,007 shares. The convertible totalling 45.6 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner that Novestra subscribed for (as announced in a previous press release) will be converted into shares in connection with the upcoming listings of Bredbandsbolaget on the stock exchanges at a price per share which is 70% of the introduction price, which means that Novestra will receive 395,143 new shares if the price is SEK 165 and 566,944 shares if the price is SEK 115. Based on an offering price for Bredbandsbolaget on the mid-point of the price range, i.e. SEK 140, the total market value per September 11, 2000 of Novestra's portfolio, including interest-bearing investments, valued based on the latest transaction 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 guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. stipulated by EVCA EVCA European Venture Capital Association EVCA European Private Equity & Venture Capital Association EVCA Evolving Cellular Automata Group (computer algorithms to study evolution) EVCA Endovenous Catheter Ablation (European Private Equity and Venture Capital Association) would exceed the book-value by 622,511 KSEK (SEK 26.8 per share). In Novestra's Annual Report for 1999/2000, Novestra has estimated that the market value per September 11, 2000 of Novestra's portfolio, including interest-bearing investments, valued based on the latest transaction in accordance with the guidelines stipulated by EVCA, exceeds the book-value by 479,283 KSEK (SEK 20.6 per share). Novestra's holding in Bredbandsbolaget could be further increased through the company's agreement with Peter Ekelund, meaning that Mr. Ekelund, after a decision regarding an issue taken by Novestra's shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. , will subscribe for 440,000 Novestra shares at a price of SEK 280 per share granting Mr Ekelund the right to pay in Bredbandsbolaget shares valued at the market price at the time of the issue. The issue takes place between October 1, 2001 and March 31, 2002. Novestra also has an indirect exposure in Bredbandsbolaget through Continuum Group Ltd, where Novestra owns 12.3%. Continuum is Bredbandsbolaget's partner in Benelux and has a 33% holding in the joint company in Benelux. "The listings of Bredbandsbolaget will further strengthen the base for its further growth and development including the planned expansion in Sweden and the rest of Europe. We expect a positive development of the value of our investments in the broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). sector where we, in addition to Bredbandsbolaget and Continuum, also have major holdings in PowerNet AB - a wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 service company," Novestra's President and COO (Cell Of Origin) See mobile positioning. , Thomas Akerman, said. Novestra is one of the leading venture capital investment firms in the Nordic countries, primarily with a focus on companies providing enabling services to the network economy. Novestra's portfolio of companies includes B2 Bredband AB, Comintell AB, Continuum Group Ltd, Fanglobe Inc, Iquity Systems Inc, Mobilestop Inc, Netsurvey AB, PowerNet AB and Qbranch AB. Novestra's shares are listed on the O-List of the OM Stockholm Exchange. 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/2000/09/22/20000922BIT00830/bit0001.doc http://www.bit.se/bitonline/2000/09/22/20000922BIT00830/bit0002.pdf |
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