New number of shares in Mekonomen AB (publ)

31 March 2011 09:00

On 27 January 2011, Mekonomen issued a press release stating that the company had reached an agreement with Otto Olsen Invest A/S to acquire all the shares in Sørensen og Balchen AS. It was announced that Mekonomen would issue approximately 1.9 million shares as part of the acquisition process. The acquisition was concluded on 11 March 2011 following approval by the Norwegian Competition Authority and a resolution passed at Mekonomen’s General Meeting.

On completion of the issue of 1,945,783 new shares, there are now a total of 32,814,605 shares in Mekonomen. All shares are of the same class.

The information in this press release constitutes the disclosure of an increase in the number of shares in accordance with the first paragraph of chapter 4 section 9 (1991:980) of the Swedish Financial Instruments Trading Act.

For further information, contact:
Gunilla Spongh, CFO Mekonomen AB, +46 (0)8-464 00 00

Mekonomen AB (publ), Corp. Reg. No: 556392-1971
Box 6077, SE-141 06 Kungens Kurva.
Telephone: +46 (0)8-464 00 00, Fax: +46 (0)8-464 00 66

Mekonomen makes CarLife easier, through a broad and highly accessible offering of low-cost and innovative solutions and products for consumers and companies. We are the leading automotive spare-parts chain in the Nordic region, with our own wholesale operations, more than 300 stores and more than 1,500 workshops, all operating under the Mekonomen brands.