Swedish Match: India Supreme Court Upholds SEBI Ruling.STOCKHOLM, Sweden -- Today the Supreme Court in India upheld the ruling by The Securities and Exchange Board of India Securities and Exchange Board of India (SEBI) is a board (autonomous body) created by the Government of India in 1988 and given statutory form in 1992 with the SEBI Act 1992. Its head office is in Mumbai, and other offices in Chennai, Kolkatta and Delhi. (SEBI SEBI Securities and Exchange Board of India SEBI Stock Exchange Bureau of India ) that Swedish Match AB (Nasdaq:SWMAY SWMAY Swedish Match AB (stock symbol) )(Stockholmsborsen:SWMA SWMA Software Maintenance SWMA Solid Waste Management Act SWMA Sine-Weighted Moving Average SWMA Storm Water Management Authority, Inc. (Homewood, AL) SWMA Segmental Wall Motion Abnormality (cardiology) ) and certain of its subsidiaries make a public offer to acquire 20 percent of the shares outstanding in Wimco Ltd, an Indian match company publicly traded on the Indian Stock Exchange. In accordance with the ruling, the price per share shall be not less than 35 INR INR In currencies, this is the abbreviation for the Indian Rupee. 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. plus interest. As a result of this decision, an amount of 100 - 120 MSEK will be recorded as an item affecting comparability in the fiscal third quarter financial results. Swedish Match is a unique company with its range of market-leading brands in the product areas of snuff and chewing tobacco, cigars and pipe tobacco - tobacco's niche products - as well as matches and lighters. The Group's global operations generated sales of 13,133 MSEK in 140 countries for the twelve month period ending June 30, 2004. Swedish Match shares are listed on Stockholmsborsen (SWMA) and Nasdaq (SWMAY). Swedish Match AB (publ), SE-118 85 Stockholm Visiting address: Rosenlundsgatan 36, Telephone: + 46 8 658 02 00 Corporate Identity Number: 556015-0756 www.swedishmatch.com |
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