7-Apr-2010 11:36 AM

SAS sets share price for rights issue

SAS has set its USD695 million rights issue at a discounted price of SEK0.67 (USD0.09) per share (Reuters, 06-Apr-2010). Shareholders are entitled to three subscription rights per share owned. The record date is 12-Apr-2010 and the subscription period runs from 15-Apr-2010 to 29-Apr-2010. The airline called on its shareholders in Feb-2010 to inject the sum in order to proceed with its cost-savings plan, and all three government shareholders announced they would support the issue.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More