Investor Relations
Corporate Governance
Metro International S.A. is a Luxembourg limited-liability company
Latest News
METRO RIGHTS ISSUE FULLY SUBSCRIBED
13 August 2003
The rights issue, which comprised 109,383,131 new shares, had a primary subscription of more than 99% which, combined with the subsidiary subscription by existing shareholders, resulted in an over subscription of approximately 24 million shares, equivalent to approximately 20 per cent. The subscription price was SEK 2.30 per share and the issue will generate approximately SEK 230 million net of transaction cost.
Pelle Törnberg, President and CEO, commented: "The last weeks have been very encouraging for Metro. We have just published our strongest results ever and our rights issue was oversubscribed, confirming shareholder belief in our business model. With a strong financial position and a strong momentum in our operations, Metro is in a better position than ever to exploit all our possibilities".
The new series A SDRs are expected to become available for trading on the O-list of the Stockholm Stock Exchange at the end of August.
The total number of shares in Metro will amount to 263 million class A shares and 262 million class B shares after the completion of the rights issue and the conversion of SEK 1,151 million of debt into equity by Kinnevik and MTG.
For further information, please visit www.metro.lu, email info@metro.lu or contact:
| Pelle Törnberg, President & CEO | tel: +44 (0) 20 7016 1300 |
| Matthew Hooper, Investor & Press Relations | tel: +44 (0) 20 7321 5010 |
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA OR JAPAN
THESE MATERIALS ARE NOT AN OFFER FOR SALE OF THE SHARES IN THE UNITED STATES. THE SHARES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. METRO INTERNATIONAL S.A. DOES NOT INTEND TO REGISTER ANY PORTION OF THE OFFERING IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SHARES IN THE UNITED STATES.