Year-End release 2002

Overview
Invik & Co. AB is a holding company. The Group consists of the Parent Company, Invik & Co. AB, and a number of operating subsidiaries. The Parent Company manages a long-term securities portfolio. The subsidiaries are principally active in the areas of Banking, Insurance, Asset management and Securities trading.

 

On 31 December 2002, the value of the Group's holdings of listed securities was SEK 4,196 million, representing a premium of SEK 1,231 million to the book value of the Group's portfolio. The value of the Group's holdings was SEK 4,306 million on 12 February 2003.

 

The long-term securities portfolio as at 31 December 2002 consisted of the following shares in Tele2 AB ("Tele2"), Industriförvaltnings AB Kinnevik ("Kinnevik"), Modern Times Group MTG AB ("MTG"), Metro International S.A. ("Metro"), Transcom WorldWide S.A. ("Transcom"), and Millicom International Cellular S.A. ("MIC"):

 

Tele2, 9,891,787 A-shares and 2,825,579 B-shares, equivalent to 29.7% of the votes and 8.6% of the equity.

Kinnevik, 6,281,387 A-shares and 2,286,936 B-shares, equivalent to 32.7% of the votes and 13.6% of the equity.

MTG, 6,181,249 A-shares, equivalent to 30.0% of the votes and 9.3% of the equity. After full conversion of outstanding convertible debentures, 29.6% of the votes and 8.9% of the equity.

Metro, 7,222,082 A-shares, equivalent to 12.9% of the votes and 6.6% of the equity. After full conversion of outstanding convertible debentures, 11.4% of the votes and 5.4% of the equity.

Transcom, 7,152,046 A-shares and 1,351,277 B-shares, equivalent to 21.8% of the votes and 13.1% of the equity. After full conversion of outstanding convertible debentures, 17.6% of the votes and 11.7% of the equity.

MIC, 940,418 shares, equivalent to 1.9% of the votes and equity.