Net Insight´s rights issue, directed to all existing shareholders, is completed and the Company has been provided with proceeds of 150 MSEK.
Through the rights issue the number of shares in the Company will be increased by 999 442 Series B shares. The share capital of the Company after the rights issue will amount to 1 401 543,20 SEK and the number of shares to 7 007 716, of which 720 000 will be Series A shares and 6 287 716 Series B shares.
Trading in the new shares is expected to commence on the OM Stockholm Exchange on October 18, 1999.
For additional information, please contact:
Bengt Olsson, CEO Net Insight, tel: +46 8 685 04 00,e-mail:
bengt.olsson@netinsight.net
Helén Lindqvist, VP Finance Net Insight, tel: +46 8 685 04 00, e-mail:
helen.lindqvist@netinsight.net
THE SECURITIES BEING OFFERED IN CONNECTION WITH THE NEW ISSUANCE DESCRIBED ABOVE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE LAWS OF ANY STATE, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE LAWS.
About Net Insight
Net Insight is a network equipment company developing and marketing DTM-based (Dynamic synchronous Transfer Mode) solutions that enable network operators to reduce costs and build future proof network with superior performance and unique scalability. Net Insight´s vision is to help release the full potential of the Internet and fiber technology, thereby enabling network operators to provide full interactive communication to people all over the world. For more information, see http://www.netinsight.net