SRV GROUP PLC STOCK EXCHANGE RELEASE 11.4.2011 AT 16:20
Related to the share arrangement announced today, the portion of shares of SRV Group Plc (1707186-8) has momentarily exceeded 1/20 of the company’s shares.
SRV realized on 11 April 2011part of a derivatives contract concluded between the company and Bank AB (publ.) on 5 January 2010 in respect of 1,356,650 company shares. The derivatives contract will continue in respect of 552,833 shares. After the acquisition of the shares, the company will hold 2,201,700 own shares, representing 5.99% of the company’s shares (including remaining shares under the derivatives contract 2,754,533, representing 7.49% of SRV shares).
SRV implemented a directed share issue in which 1,500,000 million shares were offered for subscription, in deviation from shareholders’ pre-emptive rights. The share issue was subscribed immediately. After the share issue, the company holds 701,700 own shares, representing 1.91% of the company’s shares (including remaining shares under the derivatives contract 1,254,533, representing 3.41% of SRV shares).
SRV Group Plc
Hannu Linnoinen, Executive Senior Vice President, CFO, Tel. +358-20-145-5990