Change in the total number of shares and votes in IFS
During May 2011, warrants originating from the warrants program established during 2009 have been exercised. The total number of shares and votes in the company has thus changed.
During 2009, IFS established an incentive program offering senior executives and key personnel the opportunity to subscribe, on market terms, for warrants in the company. The warrants entitle the holder to acquire B shares. The exercise of warrants in this program results in a change in the total number of shares and votes in the company.
On April 30, 2011, the total number of shares in the company amounted to 26,455,922, of which 1,375,008 were A shares and 25,080,914 were B shares. The total number of votes in the company amounted to 3,883,099.4.
During May 2011, the exercise of warrants originating from the warrants program established during 2009 has resulted in an increase in the number of B shares by 1,000 and an increase in the total number of votes by 100.0.
On May 31, 2011, the total number of shares in the company amounted to 26,456,922, of which 1,375,008 were A shares and 25,081,914 were B shares. The total number of votes in the company amounted to 3,883,199.4.
On May 31, 2011, IFS held 701,657 B shares in own custody, which were repurchased during 2010 and 2011. Pursuant to a decision adopted at the annual general meeting held on March 25, 2011, a process is pending pertaining to the reduction of the share capital by 10,000,000 Swedish kronor, equivalent to 500,000 B shares.
IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2010 was SKr 2.6 billion.
IFS discloses the information provided herein pursuant to the Financial Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on May 31, 2011 at 6:00 p.m. (CET).