Scribona is Quoted On the Oslo Stock Exchange.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 10, 2001 As of today, May 10, Scribona AB's (OSE OSE - Open Systems Environment :SCRB SCRB Separable Costs Remaining Benefits SCRB State Crime Record Bureau SCRB Software Change Review Board SCRB Software Configuration Review Board SCRB Santa Cruz River Band SCRB Stem Cell and Regenerative Biology .)(SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the :SCRI SCRI Scottish Crop Research Institute (formerly Scottish Horticultural Research Institute, United Kingdom) SCRI Supercomputer Computations Research Institute SCRI Steel Can Recycling Institute SCRI Secure Configuration Remediation Initiative .A.)(SSE:SCRI.B.) class B share is quoted on the Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. . The quotation is the result of a merger between Scribona AB and PC Lan ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and . Scribona AB's class B share will be traded on the Oslo Stock Exchange under the ticker SCRB. Scribona AB is quoted on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. and traded under tickers SCRIA 1) for class A and SCRIB SCRIB Steel Can Recycling Information Bureau for class B shares. Facts about the merger Scribona AB (publ) ("Scribona") and PC Lan ASA ("PC Lan") will merge to form the Nordic region's leading supplier of IT products and IT solutions. The merger will be carried out pursuant to Scribona's public offer to the shareholders in PC Lan on February 5, 2001, to acquire all outstanding shares in PC Lan in exchange for shares in Scribona. The offer has now been completed and, in accordance with the authorization of the Annual General Meeting on February 28, 2001, Scribona has issued 16,821,980 class B shares as compensation for the PC Lan shares acquired through the voluntary offer. The merger between Scribona and PC Lan, including PC Lan's acquisition of Merkantildata's logistics operations in Denmark, will create the Nordic region's largest supplier of IT products and IT solutions with estimated annual sales of around 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. 15 billion. The merged company will be the market-leader in all geographic markets where it is represented. The respective companies' core competencies are well matched, giving the merged company a strong position in both volume distribution and system solutions. The product portfolio and customer base in PC Lan are a valuable complement to Scribona's product offering and customers, which means that the two companies' capacity towards customers and suppliers will be enhanced through the merger. "Today, the Nordic region is the most prominent international market for IT/Internet. In light of this, we are very pleased to be able to strengthen our positions and expertise in the Nordic market through the merger between Scribona and PC Lan. The new company is quoted on the Stockholm and Oslo stock exchanges under the name of Scribona, and will have a market-leading position in all Nordic markets. We expect the merger to generate considerable synergies and to increase earnings per share in the near term," says Lennart Svantesson, President and 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. of Scribona. After the merger, Scribona's largest owners are Bure Equity AB with 34.2 percent of the share capital and 27.1 percent of the votes and PC Lan ASA's other stockholders representing 11.6 percent of the capital and 9.2 percent of the votes in Scribona. Facts about Scribona AB Scribona is a leading provider of IT products and solutions in the Nordic market, offering customers cutting-edge expertise about products, the industry's leading e-commerce system, optimized product availability and a broad range of complementary services. Scribona's operations are organized in three business areas: -- Scribona Solutions -value adding distribution of IT infrastructure -- Scribona Distribution -effective volume distribution of IT products -- Scribona Brand Alliance -exclusive agent for leading brand suppliers Of Scribona's class A and class B shares, the B share is most liquid. Scribona's class A and B shares are traded at approximately the same prices on the OM Stockholm Stock Exchange. (The only significant difference between the classes is the voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. they carry - 5 votes for each class A share and 1 vote for each class B.) Scribona wishes to convert its class A to class B shares in order to eventually have shares only of class B. To date, a substantial number of class A shares has been converted to class B. As per December 31, 2000, the share capital consisted of 3,358,021 class A and 30,881,607 class B shares. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se ----------------- The following files are available for download: http://www.bit.se/bitonline/2001/05/10/20010510BIT01520/bit0001.doc ------------------------------------------------------------------- http://www.bit.se/bitonline/2001/05/10/20010510BIT01520/bit0001.pdf ------------------------------------------------------------------- |
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