Key Developments: SAS AB (SAS.ST)

SAS.ST on Stockholm Stock Exchange

14.85SEK
18 Dec 2014
Price Change (% chg)

-1.45kr (-8.90%)
Prev Close
16.30kr
Open
15.70kr
Day's High
15.90kr
Day's Low
14.15kr
Volume
5,753,363
Avg. Vol
982,655
52-wk High
21.50kr
52-wk Low
10.50kr

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Latest Key Developments (Source: Significant Developments)

SAS AB acquires Cimber, deal worth DKK 20 mln
Monday, 8 Dec 2014 02:00am EST 

SAS AB:SAS has entered into an agreement to acquire 100 pct of the shares in Cimber A/S.The acquisition provides SAS with an opportunity to transfer production with smaller aircraft to Cimber, consisting of 12 CRJ900 with base in Copenhagen.The acquisition includes Cimber's option to receive CO2emission rights for the years 2015-2020.The nominal value of these rights amount to about 35 million Danish crowns.The value of the transaction is 20 million crowns with final payment in April 2015.  Full Article

SAS AB completes sale/leaseback of 4 long haul planes-Reuters
Friday, 22 Aug 2014 02:08am EDT 

SAS AB:Completes sale/leaseback of 4 Airbus a330-300 enhanced-Reuters.The agreement means that SAS will sell the aircraft to Chinese bank Bocomm and then lease them back during a term of 12 years.  Full Article

SAS comments on FY 2013/2014 EBT guidance
Wednesday, 18 Jun 2014 02:00am EDT 

SAS AB:Says provided that market conditions, in terms of capacity, jet fuel and exchange rates, do not decline any further, potential exists to post a positive EBT, including the positive effect from the amendments to pension reporting but excluding restructuring costs, also in the 2013/2014 fiscal year.Previous guidance: provided that market conditions, in terms of capacity, jet fuel and exchange rates, do not decline any further, potential exists to post a positive EBT, including the positive effect from the amendments to pension reporting, also in the 2013/2014 fiscal year.  Full Article

SAS AB reduces FY 2013/2014 guidance
Thursday, 8 May 2014 02:30am EDT 

SAS AB:Says it is reducing its forecast for fiscal year 2013/2014.Sees 2013/2014 fiscal year earnings impact from restructuring program to amount to 1.2 bln Swedish crowns.Says provided that market conditions, in terms of capacity, jet fuel and exchange rates, do not decline any further and that no unexpected events occur, potential exists to post positive EBT, including positive effect from amendments to pension reporting, also in FY 2013/2014.  Full Article

SAS AB and Callcredit enter into partnership
Wednesday, 30 Apr 2014 04:00am EDT 

SAS AB:Company and Callcredit Information Group entered into partnership.To deliver market leading omni-channel marketing and analytics service.  Full Article

SAS prices and resolves issue of SEK 1.6 bln guaranteed convertible bond offering due 2019
Tuesday, 25 Feb 2014 11:15am EST 

SAS AB:Says prices 1.6 billion Swedish crowns offering of convertible bonds due in 2019.The bonds will have an annual coupon of 3.625 percent payable semi-annually in arrear and will be convertible into fully paid common shares of the company.Initial conversion price will be 24.0173 Swedish crowns equal to a conversion premium of 25 pct over the volume weighted average price of the shares on NASDAQ OMX Stockholm between launch and pricing of the offer on Feb. 25.The bonds will be issued and redeemed at 100 pct of their principal amount and will, unless previously redeemed, converted or purchased and canceled, mature in April 2019.  Full Article

SAS AB launches 1.6 billion Swedish crowns guaranteed convertible bond offering
Tuesday, 25 Feb 2014 02:00am EST 

SAS AB:Says it intends to issue 1.6 bln Swedish crowns in aggregate principal amount of convertible bonds due in 2019.Says its obligations under the bonds will be unconditionally and irrevocably guaranteed by Scandinavian Airlines Systems Denmark – Norway – Sweden.Senior unsecured bonds are to bear interest of between 3.125 pct and 3.625 pct payable semi-annually in arrear.Says bonds will be convertible into fully paid common shares of company at initial conversion price equal to conversion premium of between 25 pct and 30 pct over volume weighted average price of shares on NASDAQ OMX Stockholm between launch and pricing of the offer.Says bonds will mature in April 2019.Says bonds are expected to be subscribed on behalf of investors by J.P. Morgan on or around March 4 and to be settled on or around March 5.Says it is intended that application will be made for bonds to be listed on Open Market segment of Frankfurt Stock Exchange by no later than one month after issue date.Says proceeds from issue of bonds together with proceeds from preference share offer will be used to redeem certain of company’s outstanding bonds maturing in 2015, strengthen financial condition for continued renewal of aircraft fleet.Says proceeds will also be used to strengthen financial preparedness and reduce dependence on bank financing.Says J.P. Morgan is sole bookrunner with respect to issuance of bonds and Mannheimer Swartling is legal advisor in connection with convertible bond offering.  Full Article

SAS resolves to complete offer by issuing preference shares of SEK 3.5 bln
Monday, 24 Feb 2014 12:00pm EST 

SAS AB:Resolves to complete preference shares offering of about 4 million preference shares, at a subscription price of 500 Swedish crowns per preference share.The offer includes an option to increase the offer to 7 million preference shares in total.The issue provides SAS with a total of 3.5 billion Swedish crowns before issue costs.Settlement date is Feb. 28 and the first day of trading in SAS preference shares on NASDAQ OMX Stockholm is expected to be March 7.  Full Article

SAS increases new preference shares offering to SEK 3.5 bln
Tuesday, 18 Feb 2014 05:15am EST 

SAS AB:Resolves to increase the offer announced on Feb. 7 to comprise 7 million preference shares, corresponding to 3.5 billion Swedish crowns.Says the subscription period in the institutional offer is shortened to end on Feb. 19 at 12.00 CET.Subscription price and other terms remain unchanged.Initial offer consisted of about 4 million preference shares.Says the offer is conditional on, inter alia, that the AGM later on Feb. 18 approves the required proposals.  Full Article

SAS AB announces preference share issue and considers additional financing measures
Friday, 7 Feb 2014 01:30am EST 

SAS AB:Says it resolved to offer institutional investors and the general public in Denmark, Norway and Sweden to subscribe for preference shares in SAS AB for a total amount of about 2 billion Swedish crowns.Says, the Offer, consisting of approximately 4 million preference shares, is carried out at a subscription price of 500 Swedish crowns per preference share.Says the subscription period runs from Feb. 10 until Feb. 20 for institutional investors and from Feb. 10 until Feb. 19 for the general public in Denmark, Norway and Sweden.Says the proceeds raised will primarily be used for the continued renewal of the aircraft fleet and to strengthen the financial preparedness.Says it also intends to issue convertible bonds of up to 2 billion Swedish crowns in close connection with or shortly after, the Offer, provided that the market conditions are deemed advantageous, as described below.Says the company has also entered into a financing agreement with UBS totaling 150 mln euros.  Full Article

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