Oriflame Board proposes bonus with share redemption programme
05 May '06
2 min read
An Information Memorandum, describing the Redemption Offer, and an acceptance form will be distributed to directly registered shareholders on or around: May 26, 2006.
Acceptance period of the Redemption Offer: May 29 - July 3, 2006 Trading in redemption rights on the Stockholm Stock Exchange: May 29 - June 26, 2006 Payment of the redemption amount is expected to take place around mid-July, 2006.
A sale of up to 750 redemption rights free of commission charges will be offered via Nordea Bank AB (publ) during May 29 - June 19, 2006.
In order to ensure successful implementation of the Redemption Offer even if the share price of Oriflame changes significantly, the Board reserves the right to change the redemption price and the redemption ratio no later than May 18, 2006.
The proposed ordinary dividend of € 0.90 per share is expected to be paid on May 30, 2006.
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