Allocation of the tax base in Securitas share
Friday, December 19, 2008
The below information is only applicable for shareholders’ with an unlimited tax liability in Sweden and is stated for information purposes only in English. Detailed information regarding the allocation of the original share price between Securitas AB and the distributed shares in Loomis AB is available in the Swedish language version of this website (thus, only valid for shareholders’ liable to tax in Sweden). The information is also published at the Swedish Tax Agency’s website, www.skatteverket.se.
For shareholders´ who are liable to tax in any other countries than Sweden, country local tax legislation will apply in each jurisdiction. Similar tax treatment as the Swedish one may or may not apply in various countries; however each shareholder should seek local tax advice.
For Swedish tax purposes the Swedish Tax Agency has confirmed that the distribution of the shares in Loomis AB will be exempt from immediate Swedish taxation under the ”Lex ASEA” tax provisions. Taxation will be deferred until such time a disposal of any of the shares in Securitas AB or Loomis AB will take place.
The tax base in the Securitas share entitling to the distribution has been allocated between the Securitas AB share and the shares received in Loomis AB. The allocation has been based on the change of the share price of Securitas AB due to the distribution of the shares in Loomis AB.
Securitas AB has requested and received guidelines from the Swedish Tax Agency, who has decided upon the allocation of the tax base in each share. According to the Swedish Tax Agency’s guidelines, the allocation of the tax base in the Securitas AB share shall be allocated as follows (for Swedish tax purposes only);
Securitas AB 90 %
Loomis AB 10 %
Total 100 %
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs,
Securitas AB, mobile +46 70 287 8662
Micaela Sjöqvist, Head of Investor Relations, Securitas AB, mobile +46 76 116 7443
Securitas is a knowledge leader in security. By focusing on providing security solutions to fit each customer's needs, Securitas has achieved sustainable growth and profitability in more than 30 countries in North America, Latin America, Europe and Asia. Everywhere from small stores to airports, our 250,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 13.00 (CET) on December 19, 2008