Shareholders in Fabege AB (publ) with uneven lots have been offered to buy or sell shares free of commission to a shareholding evenly divisible by 100 (one round lot/trading lot = 100 shares) according to the AGM decision made in 9 May 2005. 11,646 shareholders, of totally 27,895 at whom the offer was aimed, participated in the offer of commission-free trading. Of these applications 4,208 applied to sale and 7,438 to purchase.
Overall the applications resulted in net purchases of 180,877 Fabege-shares. The share price amounted to SEK 140:70 per share, which is an average price based on the transactions made within the programme.
The main reason behind the offer is to increase the number of shareholders with round lots, resulting in easier trading and improves the liquidity of Fabege's shares. It's joyful that 42 per cent took the offer of commission-free trading and that 64 per cent of theses took the opportunity of increasing their holdings in Fabege, says Erik Paulsson, CEO Fabege.
Source: Fabege AB