Swedish Match Set to Begin Odd-Lot Commission Free Offer for Shareholders with Less Than 200 Shares.STOCKHOLM, Sweden -- In accordance with a resolution made at the Annual General Meeting of Swedish Match Swedish Match is a Swedish company based in Stockholm that makes tobacco products and matches. It was founded as Svenska Tändsticksaktiebolaget by Ivar Kreuger in 1917 in Jönköping ("City of the matches"). The company changed its name in 1980. AB (STO: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) ) on April 20, 2006, holders of fewer than 200 Swedish Match shares as of September 4, 2006 will be entitled to sell their shares free of commission pursuant to this offer (the Offer). Terms, conditions and instructions for this offer will be sent to existing shareholders, and will also be available on the Company's website, www.swedishmatch.com. Offer in Brief: --Commission-free --Applies during the offer period September 13, 2006 - October 25, 2006 inclusive --Sale of the entire holding of 1 - 199 shares on one occasion --The price paid will correspond to the average price of all sales within the framework of this Offer The principal purpose of the Offer is to reduce the financial and administrative burden on Swedish Match of having a large odd-lot shareholder base, by reducing the worldwide number of its shareholders holding less than a round lot of 200 shares. Shareholders holding less than a round lot would benefit from being able to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose their holding of shares through the Offer without incurring transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). which would be significant in relation to the price of the shares sold. If, as a result of the Offer, Swedish Match will have fewer than 300 shareholders in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Swedish Match intends to terminate its reporting obligations under the U.S. Securities Exchange Act of 1934, as amended. Swedish Match no longer trades on Nasdaq, with the last day of trading on Nasdaq being October 15, 2004. During the offer period, Swedish Match will not be engaged in share buyback activities under its long-term ongoing share buyback program. Resumption of the share buyback program will occur no sooner than October 26, 2006. Swedish Match is a unique company with its range of market-leading brands in the product areas of snuff, cigars, pipe tobacco and chewing tobacco chewing tobacco, n See smokeless tobacco. chewing tobacco Smokeless tobacco, see there - tobacco's niche products - as well as matches and lighters. The Group's global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. generated sales of 13,153 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner for the twelve month period ending June 30, 2006. Swedish Match shares are listed on Stockholmsborsen (SWMA). 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 This information was brought to you by Waymaker http://www.waymaker.net |
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