Release from the Extraordinary General Meeting of BE Group

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Release from the Extraordinary General Meeting of BE Group

Today, at the extraordinary general meeting in BE Group (publ), the following resolution was adopted: Approval of the resolution by the Board of Directors on a new share issue The general meeting resolved to approve the resolution by the Board of Directors to issue new shares with preferential right for the existing shareholders. According to the terms and conditions of the new share issue each existing share held on the record date for participation in the new share issue on 17 February 2014 shall entitle to 1 subscription right and 2 subscription rights entitle to subscription for 1 new share. The subscription price is SEK 6.50 per share which, if fully subscribed, corresponds to total rights issue proceeds of MSEK 160.7 before transaction costs. In the event that not all shares are subscribed for with preferential rights, the Board of Directors shall resolve on the allotment of shares subscribed for without subscription rights up to the maximum amount of the new share issue. In such case, such shares shall be allotted to those who have subscribed for shares by the exercise of subscription rights and notified that they wish to subscribe for additional shares, irrespective of whether they were shareholders on the record date, pro rata in relation to the number of subscription rights each one has exercised for subscription. Any remaining shares shall be allotted those who have provided guarantees for the share issue pro rata in relation to the provided guarantee undertakings, among them the company’s largest shareholder AB Traction. In so far as allotment in accordance with the above cannot be executed pro rata, allotment shall be made by drawing of lots. By the new share issue, the company’s share capital shall be increased by not more than SEK 50,465,567.35 through the issuance of a maximum number of 24,728,128 shares. Additional information on the new share issue will be included in the prospectus expected to be published around 18 February 2014. The general meeting’s resolution to approve the Board of Directors’ resolution to issue new shares was approved by more than a two-third majority disregarding AB Tractions’ shares in the Company. In accordance with a ruling from the Swedish Securities Council (Sw. Aktiemarknadsnämnden), AB Traction is thereby granted exemption from the potential mandatory bid obligation that could arise for AB Traction in connection with subscription of shares under its underwriting guarantee. The minutes from the extraordinary general meeting will be available on the company’s webpage, www.begroup.com. For further information, please contact: Kimmo Väkiparta, President and CEO tel.: +46 (0)705 972 342  e-mail: kimmo.vakiparta@begroup.com Torbjörn Clementz, CFO and Executive Vice President tel.: +46 (0)708 690 788  e-mail: torbjorn.clementz@begroup.com BE Group, listed on the NASDAQ OMX Stockholm exchange, is a trading and service company in steel and other metals. BE Group provides various forms of service for steel, stainless steel and aluminium applications to customers primarily in the construction and engineering sectors. In 2013, the Group reported sales of SEK 4.0 Bn. BE Group has approximately 800 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Fed Holds Steady, But CD Rates Climb: Savers' Edge

Updated Category News Views 121

The Fed Sits Tight, But CD Rates Surge Isn't it a kicker when the Fed holds rates steady, yet the CD market is buzzing like a crowded trading floor on a bull run? We've seen the Federal Reserve hold its ground without budging interest rates, keeping everyone guessing while inflation's still a shadow in the corner. But the star of the show here isn't the Fed's poker...

Continue Reading
CaringKind Merger Expands Alzheimer's Care in NY

Updated Category News Views 19

A New Chapter for Dementia Care: The CaringKind Merger Cornerstone local relationships plus a fresh westerly breeze of national presence—that's the gist of the recent union between CaringKind and Alzheimer's Disease Resource Center. This isn't just a big deal for families in Nassau and Suffolk counties, it's a seismic shift for dementia care reaching across state...

Continue Reading
Cat Financial Shows Solid Q3 Growth Amid Challenges

Updated Category News Views 82

Healthy Gains in Revenues and Profits Well, Cat Financial's latest report is another piece of the puzzle showing steady, if not spectacular, growth. They've jacked up their revenues by 10% for the third quarter of 2026 compared to last year's same stretch. This puts the revenues at $1.02 billion, a $95 million bump from the previous year. Pretty impressive. The profit saw...

Continue Reading
CallRail's New Insight Tool: Navigating the Competitive Landscape

Updated Category News Views 11

How CallRail's New Feature Changes the Game Ever sit in a boardroom meeting and wonder what your lead numbers really mean? CallRail just dropped a new feature that could change that. This AI-powered platform is now decking its 225,000 businesses with market insights to not just know their numbers but to understand how they stack up against their competition in the same...

Continue Reading
Celebrate Dr. David Neff's Healthcare Legacy

Updated Category News Views 77

An Icon in Medicine and Innovation Dr. David R. Neff's recognition as a Pinnacle Lifetime Member marks a storied journey through medicine and healthcare innovation. Decades of Dedication to Patient Care For over 45 years, Neff carved out a niche in medicine that few can parallel. His overarching focus on infectious disease, cancer, and more represents a holistic approach...

Continue Reading
Busch Gardens' Holiday Extravaganza Lights Up 2026

Updated Category News Views 8

A Dazzling Holiday Transformation Awaits Forget the mundane holiday light displays. Busch Gardens is cranking it up a notch with their annual Christmas Town spectacle, kicking off on November 13. With two parks—Tampa Bay and Williamsburg—each delivering a unique experience, prepare for an immersive dive into holiday cheer that's packed with glitz, entertainment, and,...

Continue Reading
AST SpaceMobile Suit Seeks Lead Plaintiff by November 13

Updated Category News Views 86

The Legal Rigmarole The market's got its knickers in a twist over AST SpaceMobile, folks. If you've been dabbling in NASDAQ:ASTS between March '25 and mid-July '26, it's time to perk up those ears. The legal eagles at Robbins Geller Rudman & Dowd LLP are rallying the troops for a class action lawsuit with you front and center. Deadline's looming on November 13, 2026, for...

Continue Reading
Bulletproof Gets Nod for AI Expertise, Eyes Future Growth

Updated Category News Views 0

Bulletproof's Recognition: A Sign of AI Prowess Let's dive right into today's news: Bulletproof just snagged a spot on the 2026 CRN AI Innovators list. Now, this is big leagues stuff, especially since this list highlights the top dogs in the AI space across North America. We're talking about managed service providers, value-added resellers, and all those tech wizards who...

Continue Reading
Unpacking NOMMA's Unique Blend of Education Strategies

Updated Category News Views 41

Introducing NOMMA's Unique Approach Well, here’s one for the books—an educational model that smacks of good ol’ discipline and sharpens minds for what's beyond the classroom. Located in New Orleans, the Military and Maritime Academy, or NOMMA if you want to keep things snappy, serves up an education with a difference. Not only does it prepare cadets academically,...

Continue Reading
Xyte's Record Quarter: Surging Demand & New CEO

Updated Category News Views 62

Setting New Records in the AV Industry There's buzz in the air over in Hoboken, New Jersey. Xyte, the AI cloud maestro you're starting to hear about more and more, has just smashed its own records this past September. It's not just a flash in the pan, either—this isn't the first time they've knocked it out of the park. Thanks to burgeoning enterprise demand and a...

Continue Reading

Top 5 Most Recently Viewed Articles

Deckers Outdoor Adjusts to Split with New Price Target Set

Updated Category News Views 50

Deckers Outdoor Stock Price Target Update Recently, Evercore ISI made headlines by revising its price target for the shares of Deckers Outdoor (NYSE: DECK), adjusting it down to $183 from the previous level of $1,100. This reduction, while significant, comes after the company undertook a 6-for-1 stock split, a move aimed at making the stock more appealing to investors....

Continue Reading
Celebrating Exceptional Women in Financial Advisory Services

Updated Category News Views 278

Recognizing Talented Women in Financial Advisory It is with great pleasure that Spectrum Investment Advisors announces significant achievements within its team. Suzanne (Sue) Weeden and Emily Zimmerman have both been honored on the prestigious National Association of Plan Advisors (NAPA) Top Women Advisors List for the year 2025. This recognition emphasizes not just the...

Continue Reading
Analysts Adjust Projections for GE Aerospace's Q2 Earnings

Updated Category News Views 95

Analysts Upgrade Expectations for GE Aerospace’s Earnings GE Aerospace is on the verge of reporting its second quarter earnings, and there is much to anticipate. Analysts are observing closely, with expectations set high for the company, specifically regarding its profitability and revenue generation. This esteemed aerospace segment is amidst a significant growth phase,...

Continue Reading
Innovative Health Care Initiative Launched for Students

Updated Category News Views 292

New Health Care Program for Students The Inland Empire Health Plan (IEHP), along with the California Community College system and the San Bernardino Community College District (SBCCD), has introduced a transformative health care access program aimed specifically at college students. This innovative initiative, titled the Inland Empire Health Plan Equitable Support...

Continue Reading
Rallybio’s Breakthroughs in HPP Treatment and Clinical Advancements

Updated Category News Views 115

Rallybio Corp. (NASDAQ:RLYB) grabbed attention back in 2024 with its hypophosphatasia (HPP) treatment data, leaving desks buzzing about potential outcomes. Analysts at H.C. Wainwright reiterated a Buy rating, slapping a $6.00 price target on the stock based on the company’s compelling data from non-clinical studies showing ENPP1 inhibition's prospects for tackling this...

Continue Reading