ITAB - Repurchase of ITAB TO 1 (2008/2012) warrants

Repurchase of ITAB TO 1 (2008/2012) warrants

2/14/2012 3:53:00 PM

ITAB Shop Concept AB’s Annual General Meeting held on 3 June 2008 decided to introduce an incentive scheme for company employees through the issue of warrants. Twenty-three employees participated in the scheme and a total of 233,500 warrants were subscribed for at an issue price of SEK 11.50 per warrant, resulting in a capital injection of about SEK 2.7 million. Each warrant entitles the holder to subscribe for one Class B share in ITAB Shop Concept AB during the period 1 September 2011 through 23 March 2012 at a price of SEK 97 per share.

On 8 February 2012, the Board decided to extend a repurchase offer in which the company offered to buy back warrants from warrant holders at a price based on the share’s closing price on 9 February 2012. The share’s closing price on 9 February was SEK 114 and the price of the warrant was calculated at SEK 17.

Twenty-one employees holding 213,000 warrants accepted this offer, which means the repurchase amount was about SEK 3.6 million. After the repurchase, the remaining warrants total 20,500 ITAB TO 1 (2008/2012).

The purpose of the repurchase offer is to facilitate for holders to recover the value of the warrants.

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 13th of February, 2012 at. 17.00 pm.

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