Rights issue of 6 billion SEK approved

The Extraordinary General Meeting held in SAS AB on 13 March 2009 approved the resolution by the Board of Directors of 2 February 2009 on a rights issue of ordinary shares. As communicated on 12 March 2009, each share held on the record date 18 March 2009 will entitle the holder to subscribe for 14 new shares at a
subscription price of SEK 2.63 per share. The maximum increase in the share capital is SEK 5,757,500,000 and the maximum number of new shares that may be issued is 2,303,000,000, as a result of which the rights issue is expected to raise proceeds of up to SEK 6,056,890,000 before costs related to the rights issue. 
In order to enable and facilitate the rights issue, the Extraordinary General Meeting also resolved to reduce the company's share capital by SEK 1,233,750,000, without redemption of shares, whereby the quota value for each share will be reduced from SEK 10 to SEK 2.50. Furthermore, the general meeting resolved to amend the articles of association. 
Further information about the rights issue and the detailed terms thereof can be found in the company's press release of 12 March 2009 and in the prospectus and information brochure that is expected to be made public on 16 March 2009. 
The SAS share will trade exclusive of the right to participate in the rights offering from and including 16 March 2009. 

Source: Transportweekly