An Extraordinary General Meeting in Com Hem Holding AB (publ) ('Com Hem') was held today in Stockholm.

The merger with Tele2 and approval of the merger planThe Extraordinary General Meeting resolved, by required majority, to approve the merger plan adopted by the Boards of Tele2 AB (publ) ('Tele2') and Com Hem on January 9, 2018, according to which the merger is undertaken by way of absorption, with Tele2 as the absorbing company and Com Hem as the transferring company. According to the merger plan, the exchange ratio for the merger consideration has been determined in such way that each share in Com Hem shall be exchanged for 1.0374 new Class B shares in Tele2 and SEK 37.02 in cash.

The resolution is conditional upon the Swedish Companies Registration Office's registration of the merger of Tele2 and Com Hem. Registration of the merger with the Swedish Companies Registration Office is conditional upon the conditions in the merger plan, inter alia that all permits and approvals of the competition authorities that are necessary for the merger have been obtained.

The merger is expected to be registered with the Swedish Companies Registration Office in Q4 2018 and will result in the dissolution of Com Hem, whereby all of Com Hem's assets and liabilities will be transferred to Tele2. Settlement of the merger consideration will take place following the Swedish Companies Registration Office's registration of the merger.

A detailed timetable for the implementation of the merger with Tele2, including the expected last day of trading in the Com Hem shares, will be communicated as soon as, and provided that, all permits and approvals of the competition authorities that are necessary for the merger have been obtained.

Resolution regarding shareholder Martin Green's proposal
The Extraordinary General Meeting resolved to reject Martin Green's proposal.

For queries, please contact:

Investors
Marcus Lindberg, Head of Investor Relations
Tel: +46(0)734 39 25 40
marcus.lindberg@comhem.com

Media
Fredrik Hallstan, Head of PR
Tel: +46 (0)761 15 38 30
fredrik.hallstan@comhem.com

The information in this press release was submitted for publication on September 21, 2018 at 14:30 (CET).

About Com Hem Group
Com Hem Group supplies broadband, TV, play and telephony services to Swedish households and companies under its two brands Com Hem and Boxer. The Group also includes the communication operator iTUX Communication AB which provides open fibre to service providers. We bring our 1.45 million customers a large range of digital-TV channels and play services via set top boxes as well as on-the-go for tablets and smartphones. Our powerful and future-proofed network with speeds up to 1.2 Gbit/s, covers 60% of the country's households, making the Com Hem Group an important driver of creating a digital Sweden. Com Hem Group was founded in 1983 and has approximately 1,100 employees. Com Hem Group is headquartered in Stockholm and in 2017, Group sales totalled SEK 7,136 million. Since 2014 the Com Hem share is listed on Nasdaq Stockholm.

Attachments

  • Original document
  • Permalink

Disclaimer

Com Hem Holding AB published this content on 21 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 September 2018 12:38:07 UTC