Getinge’s new share issue over subscribed
Press release December 22, 2008
Not for release, publication or distribution, directly or indirectly, in the United States, Canada, Australia, Hong Kong or Japan
The preliminary calculation of the outcome of Getinge AB’s (Getinge) rights issue shows that approximately 23 597 056 shares, representing approximately 99 per cent of the total rights issue, have been subscribed for with primary preferential rights. In addition, approximately 24 260 829 shares, representing approximately 102 percent of the total rights issue, have been subscribed for with subsidiary preferential rights. The final subscription outcome will be made public on or around January 13, 2009.
The Class B shares that were not subscribed for with primary subscription rights will be distributed among those shareholders who have subscribed for shares with subsidiary preferential rights, according to the principles described in the prospectus. The rights issue is thus over subscribed and the underwriting guarantee does not need to be exercised. Through the rights issue Getinge will receive SEK 1,990,000,139.50 before transaction costs.
The terms of the rights issue entailed that shareholders, with preferential rights, could subscribe for one (1) new Class A share and Class B share for each nine (9) existing Class A shares and Class B shares held, respectively. The subscription price was SEK 83.50 per share. Last day for subscription was December 18, 2008. As a result of the rights issue, the number of shares in Getinge increases by 23,832,337 and the share capital increases by SEK 11,916,168.50. After the rights issue, the company’s share capital amounts to SEK 119,161,688.50 distributed among 15,940,050 Class A shares and 222,383,327 Class B shares. The newly issued Class B shares that have been subscribed for with primary preferential rights are scheduled to trade on NASDAQ OMX Stockholm from and including Friday January 9, 2009.
The rights issue was carried out in view of the previously announced public tender offer to the shareholders of the US company Datascope and for the purpose of creating the financial strength necessary to take advantage of other attractive acquisition opportunities.
Financial and legal advisor
SEB Enskilda is financial advisor to Getinge. Mannheimer Swartling is legal advisor.
Getinge, December 22, 2008
Getinge AB (publ)
For further information:
Ulf Grunander, CFO
+46 (0) 35 15 55 00
The information is such that Getinge AB must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 22, 2008, at 13:00 CET.
In certain jurisdictions, the publication or distribution of this press release may be subject to legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and abide by such legal restrictions.
This press release may not be published or distributed, directly or indirectly, in or to the United States, Canada, Australia, Hong Kong, Japan or any other country where such action is wholly or partially subject to legal restrictions. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions. Failure to comply with this instruction may result in a violation of the United States Securities Act of 1933 ("Securities Act") or laws applicable in other jurisdictions.
This press release does not contain or constitute an invitation or an offering to acquire, subscribe for or otherwise trade in shares, subscription rights or other securities in Getinge AB.
Neither the BTAs (interim shares) nor the new shares will be registered in accordance with the Securities Act or any provincial act in Canada and may not be transferred or offered for sale in the United States or Canada or to persons resident there, or on account of such persons other than in such exceptional cases that do not require registration in accordance with the Securities Act or any provincial act in Canada.