Hexpol AB – CEO Have Sold a Minor Part of His Shareholding
STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Georg Brunstam, President and CEO (STO:HEXAB) of HEXPOL AB (publ.), has sold 63,600 HEXPOL B shares. The transaction constitutes a minor part – approximately 25% – of Georg Brunstam´s shareholding in HEXPOL AB (publ). Georg Brunstam´s shareholding after the transaction amounts to 186,150 HEXPOL B shares.
“For financial matters of private nature have I sold a minor part – approximately 25 percent – of my shareholding in HEXPOL AB (publ.). After the transaction I still hold an, for me, important and sizeable shareholding representing a major value. It is important for me to make this transaction in a moment when HEXPOL have a strong balance sheet and is showing very strong and stable result” says Georg Brunstam, President and CEO HEXPOL AB (publ.).
HEXPOL is a world-leading polymers group with strong global positions in advanced rubber compounds (Compounding), gaskets for plate heat exchangers (Gasket), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive and engineering industries, the energy sector and the medical technology industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group’s sales in 2013 amounted to 8,036 MSEK. The HEXPOL Group has approximately 3,400 employees in ten countries. Further information is available at www.hexpol.com.
The report consists of information that HEXPOL AB (publ) is obliged to disclose in accordance with the Swedish Securities Market Act and/or the Financial Trading Instruments Act. The information was submitted to the media for publication on February 10, 2014, at 17:00 CET.
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