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Lindex proposes new capital structure

03 Sep '07
2 min read

• The Board of Directors and the Executive Management foresee annual growth (in sales) of 6-9 per cent over the next two years.
• As a result of an analysis of the company's capital requirement and the opportunities brought about by the new Companies Act, the Board of Directors has decided to recommend an Extraordinary General Meeting to pass a resolution to assign to the Executive Management the mandate to recapitalise the structure whereby shareholders will receive SEK 3 billion, equivalent to approximately SEK 44 per share, in cash or listed bonds.

”The Board of Directors believes in the future development of Lindex as a stand alone company. Increased growth and improved margins combined with the potential of making Lindex's capital structure more efficient are the basis for our recommendation to shareholders to say no to KappAhl's bid” says Conny Karlsson Chairman of Lindex.

Lindex AB

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