Proposal to the Annual General Meeting of new issue of shares

Friday, March 26, 1999

In the press release from February this year, concerning the acquisition of Pinkerton, it was stated that the Board of Directors of Securitas intended to propose a new issue of shares.

The Board of Directors has on today's meeting agreed on a proposal to the General Meeting on April 15, that the Board of Directors until the next Annual General Meeting shall be authorized to pass a resolution regarding the new issue of shares with the right of the Board of Directors to decide upon any deviation from the shareholders' preferential rights.

The object of the proposed new issue is to reach the larger institutions on the international capital market, and thereby increase the capital basis for a planned continued expansion in the Company. The new issue is proposed to include no more than twenty-eight million shares of Series B and will take place on one or several occasions within the stipulated limits. The issue price of the new shares shall be determined to be an amount close to the price of the Company's Series B shares on the Stockholm Stock Exchange.

This press release does not constitute an offer for sale of the Shares in the United States. The Shares may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. There is no intention to register any portion of the offering in the United States or to conduct a public offering of Shares in the United States.

Available documents