Events after the end of the financial year
On March 17, 2010 Tele2 acquired 51 percent of mobile operator NEO in Kazakhstan. NEO operates a 900 MHz GSM license in Kazakhstan with a population of approximately 16.2 millions. Further information on purchased companies can be found in Note 18.
On February 18, 2010 Tele2 announced that the CEO Harri Koponen has left the company with immediate effect, due to irreconcilable differences over leadership. The Board of Directors has appointed Lars Nilsson, the Chief Financial Officer, as the interim CEO. Termination payment will affect the Q1 2010 result and is estimated for 18 months to be SEK 14.6 million as well as other benefits and remunerations of SEK 0.5 million. In addition pension costs of SEK 3.1 million and social security costs of SEK 3.6 million will be expensed. For further information see Note 36.
On January 28, 2010 Tele2 acquired the remaining shares in Rostov in Russia. This was the last minority stake in Tele2 Russia and as a result of this acquisition Tele2 now owns 100 percent of its Russian operation. Further information on purchased companies can be found in Note 18.
In Q1 2010 Tele2 has issued 20,000 new shares, as a result of stock options being exercised, as well as reclassified 4,140,326 class A shares into class B shares. The reclassification was made in accordance with the resolution approved at the Annual General Meeting on May 11, 2009.