Not for release, publication or distribution, directly or indirectly, in the United States, Canada, Australia, Hong Kong or Japan Press release November 14, 2008
The Board of Getinge intends to set the subscription ratio and subscription price in the planned rights issue to 1:9 and SEK 83,50 respectively
The Board of Directors of Getinge AB (”Getinge”) has, as previously announced, convened an Extraordinary General Meeting (“EGM”) to be held on November 14, 2008, ahead of which the Board has proposed that the EGM shall authorize the Board to resolve to issue new shares with preferential right for Getinge’s shareholders.
Provided that the EGM authorizes the Board according to the above, the Board intends to set the following principal terms for the rights issue:
• Subscription ratio: one (1) new Class A share and Class B share for each nine (9) existing Class A shares and Class B shares held, respectively
• Subscription price: SEK 83,50 per share
The rights issue, if fully subscribed, will raise proceeds to Getinge amounting to approximately SEK 1,990 million before deduction for costs related to the rights issue. A formal resolution on the rights issue will be adopted by the Board once the authorization by the EGM has been registered with the Swedish Companies Registration Office (Bolagsverket).
It is expected that the prospectus in respect of the rights issue can be made public at the end of November with the subscription period to be in December.
Getinge’s main shareholder, Carl Bennet AB, representing 18.0% of the capital and 48.8% of the votes in Getinge, has declared that the company will undertake to subscribe for its portion of the planned rights issue as well as all shares not subscribed and paid for by other shareholders.
Financial and legal advisor
SEB Enskilda is financial advisor to Getinge. Mannheimer Swartling is legal advisor.
Getinge, November 14, 2008
Getinge AB (publ)
www.getingegroup.com
For further information:
Johan Malmquist, CEO
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 November 14, 2008, at 08:00 a.m. CET.