Annual General Meeting of SAS AB rescheduled to 7 April 2010 and a proposal for a reverse share split
SAS has previously communicated that the Annual General Meeting 2010 is planned for 13 April 2010 and that the Board of Director’s resolution for a rights issue is subject to the approval by an Extraordinary General Meeting planned for 7 April 2010.
For efficiency purposes and to facilitate for the company’s shareholders to attend only a single General Meeting, SAS has resolved to reschedule the Annual General Meeting to 7 April 2010, thus no Extraordinary General Meeting will be held. The Board of Director’s resolution for a rights issue will consequently be subject to the approval by the Annual General Meeting.
The previously communicated indicative timetable for the rights issue in 2010 will not be affected.
The Board of Directors of SAS has also resolved to propose the Annual General Meeting to resolve on a reverse split in order to reduce the number of shares following the rights issue.
The number of ordinary shares that will be consolidated into one share and the corresponding amendment of the company’s Articles of Association (regarding the number of shares that may be issued), shall be announced on 6 April 2010.
For further information, please contact
Sture Stølen, Head of SAS Group Investor Relations, +46 70 997 1451
SAS discloses this information pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was provided for publication on 26 February 2010, at 5.50 pm CET
This document is not being distributed to persons in any state or jurisdiction where the offer or sale of the rights or shares is not permitted.
These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the securities does not intend to register any part of the offering in the United States or to conduct a public offering of the Rights or the Shares in the United States.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The Rights and the Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This document is an advertisement and is not a prospectus for the purposes of Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the “Prospectus Directive”). A prospectus prepared pursuant to the Prospectus Directive will be published, which, when published, can be obtained from the SAS Group. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.
In any EEA Member State that has implemented the Prospective Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
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