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Disposal of own shares

2010-12-03 11:15
Regulatory

Lagercrantz Group AB has, as of 2010-12-02, sold 47,433 class B shares to employees within the Group in accordance with the incentive program for managers and senior management, decided at the annual general meeting in 2007, and has therefore passed below 5 percent of the total number of shares. Lagercrantz Group AB owns after the disposal 1,141,767 class B shares corresponding to 4.9 percent of the capital and 3.5 percent of the votes. 

The disposal has been made in connection with the exercise of Call options on repurchased shares of class B held in treasury. The exercise price of the program is 44.40 SEK per Call option. The last day of exercise of the program is December 21, 2010.

Number of shares and votes in Lagercrantz Group amounts to:

 

Class of shares Shares Votes
Class A shares   1,094,654    10,946,540   
Class B shares (incl. shares held in treasury) 22,078,655    22,078,655   
Total 23,173,309    33,025,195   


Stockholm December 3, 2010

Lagercrantz Group AB (publ)

For additional information, please contact:
Niklas Enmark, CFO, Lagercrantz Group, telephone +46 8 700 66 70, or the company website at: http://www.lagercrantz.com

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with NASDAQ OMX Stockholm Exchange. The information was submitted for publication on December 3, 2010 at 11:15.

LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group in electronics, electrics, communication and adjacent areas. The Group operates in a decentralised mode with value-creating sales in close proximity to its customers and markets and has a leading position in several expansive niches.
Operations are organised in three divisions. Division Electronics is primarily involved in marketing solutions in wireless industrial communication and embedded systems. Division Mechatronics offers electro-mechanical components and production of cable harnesses, electrical connection, electrical installation material and guy wires and road barrier ropes. Division Communications provides solutions in digital image transmission/technical security, design software and access products. Manufacturing companies are the primary customers. Lagercrantz is today represented in eight countries in Northern Europe, and in China.
The Group has sales of just short of MSEK 2,800 and has approximately 700 employees. Lagercrantz is listed on NASDAQ OMX Stockholm Exchange, segment Small Cap. Additional information is available at www.lagercrantz.com.