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General

Tele2 proposes rights issue at 30% discount

Monday 24 October 2016 | 12:36 CET | News
Tele2 has announced the terms of its planned SEK 3 billion rights issue, announced earlier to help finance the acquisition of TDC's Swedish activities. Each existing A and B share will come with the right to subscribe to one new share of the same class, with a bonus share for every eight shares held. The new shares are priced at SEK 53 each, a discount of 30.2 percent on the current price of the B shares and 37.1 percent on the A shares. The record date for participating in the rights issue is 31 October, and the subscription period will run 2-16 November.

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Categories: General
Companies: TDC / Tele2
Countries: Europe
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