Net Insight’s new share issue amounting to 110 MSEK was fully subscribed. The new share issue increases the number of Net Insight shares of series B by 68,755,020. Following the new issue, the share capital amounts to SEK 5,500,401.60 and the number of shares to 137,510,010, of which 3,600,000 shares of series A and 133,910,040 shares of series B.
The newly issued shares are expected to be available for trading on the O-list of the Stockholm Exchange around July 18, 2002.
“It’s with great content we announce that the new share issue was fully subscribed which was also achieved in a very harsh market situation. The new capital gives us the means to continue our intensified marketing and sales efforts. It also has a direct positive effect on our customer relations”, says Lars Berg, Chairman of the Board, Net Insight.
For more information, please contact:
Tomas Duffy, CEO, Net Insight AB.
Tel. 0+46 8 685 04 00, e-mail:
tomas.duffy@netinsight.net
About Net Insight
Net Insight develops and markets network switches for fiber-optic broadband networks. Using Net Insight solutions, operators can offer everything from new advanced real-time services such as studio-quality video and Internet communication to traditional telephony and data. These services can be supplied simply and cost-effectively across one and the same infrastructure. Net Insight has around 100 employees in Sweden and the USA. The company is listed on the O-list of the Stockholm Exchange.