Solna, Sweden, Nov 22, 2007 - (Hugin via ABN Newswire) - Hakon Invest today received payment from the settlement fund that was set up in connection with the settlement of the class action suit against the Dutch company Royal Ahold in the U.S. The amount paid to Hakon Invest was SEK 122 M and corresponds to approximately 95% of the company's total claim in the settlement. The remaining 5% is expected to be paid out within twelve months.
The amount paid out will be included in Hakon Invest's income statement and balance sheet during the fourth quarter of 2007.
Under the terms of the settlement, those who purchased Royal Ahold shares between July 30, 1999, and February 23, 2003, and still had these shares in their possession on February 24, 2003 (qualifying shares), could apply for compensation from the sum allocated under the settlement (USD 1.1 billion). Hakon Invest, which owned 10,004,826 shares in Royal Ahold on February 24, 2003, participated in the settlement process.
For more information, contact:
General Counsel Fredrik Hägglund tel. +46 8 55 33 99 08
Head of Investor Relations Pernilla Linger tel. +46 8 55 33 99 55
Hakon Invest, which is listed on the Large Cap list of the Nordic Exchange, conducts active and long-term investment operations in retail-oriented companies in the Nordic region. Hakon Invest owns 40% of ICA AB, the Nordic region's leading retail company with focus on food. Hakon Invest also has holdings in Forma Publishing Group, Kjell & Company, Hemma, Cervera and inkClub. For more information about Hakon Invest, visit www.hakoninvest.se.
LINK: http://hugin.info/135965/R/1170090/230514.pdf
Copyright © Hugin ASA 2007. All rights reserved.
Hakon Invest AB
www.hakoninvest.se
ISIN: SE0000652216
Stock Identifier: XOME.HAKN
The amount paid out will be included in Hakon Invest's income statement and balance sheet during the fourth quarter of 2007.
Under the terms of the settlement, those who purchased Royal Ahold shares between July 30, 1999, and February 23, 2003, and still had these shares in their possession on February 24, 2003 (qualifying shares), could apply for compensation from the sum allocated under the settlement (USD 1.1 billion). Hakon Invest, which owned 10,004,826 shares in Royal Ahold on February 24, 2003, participated in the settlement process.
For more information, contact:
General Counsel Fredrik Hägglund tel. +46 8 55 33 99 08
Head of Investor Relations Pernilla Linger tel. +46 8 55 33 99 55
Hakon Invest, which is listed on the Large Cap list of the Nordic Exchange, conducts active and long-term investment operations in retail-oriented companies in the Nordic region. Hakon Invest owns 40% of ICA AB, the Nordic region's leading retail company with focus on food. Hakon Invest also has holdings in Forma Publishing Group, Kjell & Company, Hemma, Cervera and inkClub. For more information about Hakon Invest, visit www.hakoninvest.se.
LINK: http://hugin.info/135965/R/1170090/230514.pdf
Copyright © Hugin ASA 2007. All rights reserved.
Hakon Invest AB
www.hakoninvest.se
ISIN: SE0000652216
Stock Identifier: XOME.HAKN
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