Jump to content

You are now visiting the Sandvik Group website in English. Would you like to switch to another language site with selected content translated?

Change language
Sandvik Group

Extraordinary General Meeting in Sandvik AB

At an Extraordinary General Meeting held on 9 June 1997 the General Meeting resolved to reduce Sandvik's share capital through a redemption of 20,288,090 shares.

The redemption price per share is SEK 197.16. The total amount to be paid to the shareholders as a result of the redemption will amount to SEK 3,999,999,824. Payment is estimated to be effected on 26 June 1997. As a result of the redemption the share capital will be reduced by SEK 101,440,450.

If the reduction of the share capital is restored payment to the shareholders will be facilitated. As a consequence hereof, the General Meeting resolved to restore the share capital by a bonus issue in a total amount of SEK 258,696,000 by increasing the nominal value of each share from SEK 5 to SEK 6. In addition, the new issue of 507,710 series A shares each with a nominal value of SEK 5, which previously has been decided by the Board of Directors in accordance with the authorization of the Annual General Meeting held on 6 May 1997, increased the share capital with SEK 2,538,550. Sandvik's share capital has, as a result of the new issue and bonus issue, been more than restored.

Following the reduction of the share capital and the capital restoration, as a result of the new issue and the bonus issue, Sandvik's share capital amounts to SEK 1,552,176,000 divided on 189,450,259 series A shares and 69,245,741 series B shares.

Sandviken, 9 June 1997

SANDVIK AB; (publ)
Board of Directors

We would like your consent

Sandvik and our vendors use cookies (and similar technologies) to collect and process personal data (such as device identifiers, IP addresses, and website interactions) for essential site functions, analyzing site performance, personalizing content, and delivering targeted ads. Some cookies are necessary and can’t be turned off, while others are used only if you consent. The consent-based cookies help us support Sandvik and individualize your website experience. You may accept or reject all such cookies by clicking the appropriate button below. You can also consent to cookies based on their purposes via the manage cookies link below. Visit our cookie privacy policy for more details on how we use cookies.