Getinge plans guaranteed rights issue of approximately SEK 4 billion

Getinge is planning a new share issue of approximately SEK 4 billion to strengthen the Group’s balance sheet by reducing debt and thereby creating greater scope for action. Getinge’s Board of Directors will propose that an Extraordinary General Meeting authorizes the Board to resolve on a new share issue with preferential rights for Getinge’s shareholders. The entire rights issue is covered by a subscription and guarantee undertaking from Carl Bennet AB.

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“Getinge is a strong company with healthy cash flows that could be used to strengthen the balance sheet. However, we want to be able to act faster to create greater scope for action, which is why I am guaranteeing the entire new share issue,” says Carl Bennet, Chairman of the Board of Getinge AB.

As previously announced, the Getinge Board is preparing a proposal on a structural change under which the Group will be divided into two businesses, Getinge and Arjo, to give each the best possible conditions for developing and realizing their potential. The work on the planned spin-off is proceeding according to the previously announced plan, and the final proposal is intended to be presented for a resolution at an Extraordinary General Meeting to be held at a later date.

 

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