KappAhl: Information brochure regarding the proposed share split and share redemption
The information brochure regarding the proposed share split and automatic redemption procedure is published today at www.kappahl.com/ir.
The Board of KappAhl Holding AB (publ) decided, according to the press release 15 November, to propose to the Annual General Meeting on 17 December 2007 to make a decision about a share split and reduction of the share capital through an automatic redemption procedure. The proposal means that each KappAhl share will be split into two shares, of which one will be a redemption share in the VPC system. The redemption share will then automatically be redeemed against a cash redemption payment of SEK 11.
For more information, please contact:
Annette Ravenshorst, Manager Public Relations, tel: +46 704 71 56 31
Håkan Westin, CFO, tel: +46 704 71 56 64
KappAhl is a leading Nordic fashion chain with approximately 3,800 employees and close to 300 stores in Sweden, Norway, Finland and Poland. KappAhl designs, markets and sells value-for-money fashion with a wide appeal, and focuses in particular on women aged 30 to 50 with family. The head office and distribution centre are located in Mölndal, in the outskirts of Göteborg. In the 12 months period that ended on 31 August 2007, KappAhl's net sales were SEK 4.5 billion and operating profit was SEK 618 million. KappAhl is listed on the OMX Nordic Exchange in Stockholm. Further information about the company is available on www.kappahl.com and financial information is available on www.kappahl.com/ir.