ITAB - ITABs principal owners convert to shares

ITABs principal owners convert to shares

3/1/2012 3:54:00 PM

ITABs principal owners, Tord Johansson and Johan Rapp have, together with Stig-Olof Simonsson with company, Gerald Engström with company, ITABs Group Management and also a number of other convertible owners decided to convert their possessions of ITABs convertible 2008 to shares. This means that convertibles of nominal SEK 166 million, of the total convertible debenture of SEK 226,7 million is converted, which is about 73 % of outstanding convertibles.

By converting in advance of the AGM the 9th of May, the new shares are entitled to this year’s dividend (suggested dividend SEK 1,50 per share).

ITAB is the market leader in Europe at checkout and delivers over 20,000 checkouts a year to retailers. ITAB Shop Concept AB is listed on the OMX Nordic Exchange and supplies complete shop fitting and interior solutions to the food and non-food retail markets. Operations include project management, design, development, manufacturing and sales. The concept range includes shop interiors, primarily in wood and metal, as well as checkouts, entrance systems and lighting. The group has approximately 2200 employees and a turnover of 3 341,3 million SEK 2011.

This information was submitted for publication 1st of Mars, 2012 at. 09.00 am.

For further information, contact: 
VD, Ulf Rostedt  
Telefon: +46 36 31 73 00
Mobil: +46 70 694 86 82

CFO Magnus Olsson
Telefon: +46 36 31 73 00
Mobil: +46 70 544 47 89