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| Issue and repurchase of shares for Skanska Incentive Program To ensure the supply of Series B shares to employees in accordance with Skanska's Share Incentive Program, the Board of Skanska has decided, on the authority granted by the 2005 Annual Shareholders' Meeting on April 7, to increase the Company's share capital by SEK 13, 500, 000 through the issue of 4, 500, 000 new Series D shares at a subscription price corresponding to a par value of SEK 3 per share. The shares shall be subscribed by Nordinvest AB, a wholly-owned subsidiary of AB Industrivдrden (publ), not later than January 10, 2006. In addition, the Board has decided to direct a repurchase offer to all holders of the total 4, 500, 000 Series D shares. The purchase is to take place not later than January 24, 2006 at a price of SEK 3.002 per share, corresponding to a total of SEK 13, 509, 000. write your comments about the article :: © 2005 Construction News :: home page |