61KN Westpac 24 S

RNS Number:9859A
Skandinaviska Enskilda Banken
17 November 1999


NOTE:  THIS INFORMATION IS NOT AVAILABLE FOR DISTRIBUTION IN 
            EITHER THE UNITED STATES OF AMERICA OR CANADA.


RIGHTS ISSUE APPROVED AT SEB'S EGM

At an extraordinary general meeting of the shareholders of SEB, a  rights issue
proposed by the board of SEB was approved.  The issue, which will give
preferential rights to shareholders of the bank, will result in an increase in
the share capital by a maximum amount of SEK 1,176,492,110.

For every five old series A shares held, the holder will be entitled to
subscribe for one new series A share.  Correspondingly, for every five old
series C shares held, the holder will be entitled to subscribe for one new
series C share.

The subscription price will be SEK 35 for each new share.
The new issue will bring a maximum of SEK 4.1 billion to SEB.

The prospectus will be distributed on 26 November.
The subscription time will run from 26 November to 17 December.
Those who are registered as holders of SEB shares on 22 November will be
eligible to subscribe.

For further information, please contact:

Gunilla Wikman, Head of Group Communications at SEB
Telephone:  +46 8 763 8125

Lotta Treschow, Head of Investor Relations at SEB
Telephone:  +46 8 763 9559

END


REGBBBBBIBBCCCR

Westpac 24 S (LSE:61KN)
Historical Stock Chart
From Nov 2024 to Dec 2024

Westpac 24 S (LSE:61KN)
Historical Stock Chart
From Dec 2023 to Dec 2024