Decisions at extraordinary shareholders' meeting of Skanska AB

PRESS RELEASE, AUGUST 4, 1997                          56/97

DECISIONS AT EXTRAORDINARY SHAREHOLDERS' MEETING OF SKANSKA AB

Today's extraordinary meeting of shareholders adopted a resolution approving a recommendation by the Board of Directors to reduce the capital stock of Skanska AB by SEK 124,288,140. This was equivalent to the redemption of 34,330 Series A shares and 12,394,484 Series B shares. If the reduction in capital stock is restored, payment of the redemption amount is simplified. The shareholders' meeting therefore also adopted resolutions increasing the par value of each Skanska share from SEK 10 to SEK 12 and approving the amendments to the corporate by-laws necessitated by the Company's voluntary redemption offer.

Provided that the Swedish Patent and Registration Office registers the above-mentioned decisions no later than August 15, 1997, payment to those who have submitted shares for redemption is expected to be disbursed around August 27, 1997.

Altogether, thise means that Skanska will redeem SEK 4,971,525,600 worth of shares. After completion of the redemption process and the targeted new share issue, the number of shares in Skanska will total 113,854,968, divided into 9,102,530 Series A shares and 104,752,438 Series B shares.

 

Danderyd, August 4, 1997

SKANSKA AB

Group Public Affairs

 

This and previous releases are also available on http://www.skanska.se