Swedish high-technology engineering and steelmaking group Sandvik has announced that the share issue implemented following the expiry of the extended acceptance period in the takeover offer to the shareholders of its subsidiary Seco Tools, one of the world's largest manufacturers of innovative metal-cutting tools, has resulted in an increase in the number of shares and votes in Sandvik.
Accordingly, the number of shares and votes in Sandvik has increased by 1,208,774, with the total number of shares and votes in the company amounting to 1,254,385,923 as of February 29. Sandvik's share capital currently amounts to SEK 1.5 billion($229.11 million).