Billerud's rights issue fully subscribed The preliminary results of Billerud's rights issue indicate that approximately 50.5 million shares, representing approximately 98 percent of the offered shares, were subscribed for with subscription rights and, additionally, applications have been made to subscribe for approximately 52.6 million shares without preferential rights. Thus, the rights issue is fully subscribed and the underwriting commitments do not need to be utilised. Through the rights issue Billerud will receive proceeds amounting to approximately MSEK 978 before issue costs. “We are very pleased with the strong support from our shareholders. The rights issue strengthens our financial position and enables Billerud to take advantage of business opportunities and further improve its position on the market”, says Per Lindberg, president and CEO of Billerud. Those who have subscribed for shares without preferential rights will be allocated shares according to the principles outlined in the prospectus. Such subscribers who have been allocated shares will be notified on or around October 1, 2009. Only those who are allocated shares will be notified. Through the rights issue, the number of shares in Billerud increase by 51,491,570 to 104,834,613. The share capital increases to SEK 774,173,065 through the rights issue, and after completed reduction of the share capital and bonus issue. New shares subscribed for with subscription rights are expected to start trading on NASDAQ OMX Stockholm on October 6, 2009. Trading in shares subscribed for without preferential rights is expected to start on October 12, 2009. Financial and legal advisors Danske Markets, Handelsbanken Capital Markets, Nordea Corporate Finance and SEB Enskilda are acting as financial advisors and Joint Lead Managers for the rights issue and Cederquist as legal advisor to Billerud. For further information please contact Per Lindberg, president and CEO, +46 8 553 335 01 or +46 70 248 15 17 Bertil Carlsén, CFO, +46 8 553 335 07 or +46 73 021 10 92 The information above includes that which Billerud AB (publ) is required to publish under the Swedish Securities Exchange and clearing Operations Act. The information was submitted for publication on September 29, 2009 at 8.55 CET. IMPORTANT NOTICE In certain jurisdictions, the publication or distribution of this press release may be subject to legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and abide by such legal restrictions. This press release is not directed at persons located in the United States, Canada, Australia, Hong Kong, Japan or in any other country where the offer or sale of the subscription rights, interim shares or new shares is not permitted. This press release may not be published or distributed, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, Japan or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions. Failure to comply with this instruction may result in a violation of the United States Securities Act of 1933, as amended ("Securities Act") or laws applicable in other jurisdictions. This press release does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares, subscription rights or other securities in Billerud AB (publ). No BTAs (interim shares) or new shares will be registered under the Securities Act or any provincial act in Canada and may not be transferred or offered for sale in the United States or Canada or to persons resident in Canada or on account of such persons other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or in such exempt cases that do not require registration in accordance with any provincial act in Canada, respectively. Billerud is a packaging paper company with a business concept to supply customers with innovative and high quality packaging paper. A consistent concentration on attractive market segments and a strong customer focus are cornerstones of Billerud's strategy. Billerud focuses on kraft paper and containerboard and has a world-leading position within several product segments. The company's production units are among the most cost-efficient in Europe for these products.
Billerud's rights issue fully subscribed
| Source: BillerudKorsnäs AB