Share capital

On 31 December 2015, the number of shareholders was 1,903. The last price paid on 30 December 2015 was SEK 84.50, an increase of 24% from the introduction price, giving Eltel a total market capitalisation of SEK 5.3 billion or approximately EUR 575 million. During 2015, an average of 122,000 shares were traded per day on the Nasdaq Stockholm. The highest share price paid during the year was SEK 108.75 and the lowest was SEK 69.00. Eltels’s share capital totalled EUR 125,248,477 divided by the total number of 62,624,238 shares.

Changes in Eltel´s share capital since 1 January 2015

Date of registration with the Swedish Companies Registration Office Transactions Change in number of shares Total number of shares Change in share capital (EUR) Total share capital (EUR) Quota (par) value (EUR)
31 December 2014 863,635,790 86,363,579 0.1
15 January 2015 1) Reclassification of shares 0 863,635,790 0 86,363,579 0.1
22 January 2015 Reverse split 20:1 -820,454,001 43,181,789 0 86,363,579 2.0
6 February 2015 2) Reclassification of shares 0 43,181,789 0 86,363,579 2.0
6 February 2015 3) New issue in the Offer 9,248,236 52,430,025 18,496,472 104,860,051 2.0
6 February 2015 Redemption of shares -1,985,457 50,444,568 -3,970,914 100,889,137 2.0
6 February 2015 Set-off issue of PIK notes 1,585,957 52,030,525 3,171,914 104,061,051 2.0
6 February 2015 New issue in the Offer 10,237,058 62,267,583 20,474,116 124,535,167 2.0
12 February 2015 New issue 356,655 62,624,238 713,310 125,248,477 2.0

1) 20 shares of share class B were reclassified to 20 shares of share class A
2) All shares were reclassified to shares of one share class
3) These shares were subscribed by SEB on behalf of those entitled to subscription in accordance with the Prospectus, at subscription price in SEK that corresponds to EUR 2 per share. After payment and delivery of shares on the closing date, SEB has made a capital contribution to the Company in an amount corresponding to the difference between the finally determined offer price and the subscription price paid by SEB

Eltel AB was introduced on the Nasdaq Stockholm on 6 February 2015 through an initial public offering of ordinary shares. The offering including the over-allotment option was increased in full and comprised a total of 42,165,277 shares, of which 19,485,294 were newly issued shares and 22,679,983 existing shares. The subscription price in the offering was SEK 68 per share. The total value of the offering was approximately SEK 1.3 billion and Eltel received about EUR 127.3 million in equity after issue costs. The last price paid on 30 December 2015 was SEK 84.50.

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Ingela Ulfves
Ingela Ulfves +358 40 311 3009

ingela.ulfves@eltelnetworks.com