Welcome to the world of Saab ! Register
  • Saab Plans to Tell Investors in May of Stock Listing Plan

    Spyker Cars NV, the owner of Saab Automobile, plans to tell shareholders in May whether it intends to list the company on the Swedish stock exchange, Chief Executive Officer Victor Muller said. “I think the annual shareholders meeting is an ideal forum to look at what we’re thinking in terms of the dual listing,” Muller said in a telephone interview today. Muller last September told reporters that Spyker may add a listing in Stockholm to its Amsterdam Euronext trading by April 2011. The annual general meeting, where the issue now will be discussed, will be held May 19, he said.

    The Dutch super-car maker bought Saab from General Motors Co. for $400 million in cash and preferred shares last February, as Saab was on the brink of shutting down. The Trollhättan-based manufacturer aims to sell 120,000 cars and become profitable by 2012. Muller, who is Saab’s chairman, reiterated that if Spyker enters the Stockholm exchange, it would also keep its Amsterdam listing for at least a period of time.

    “You first have a dual listing, then you see where the trade is gravitating to,” he said. “Is it gravitating to Stockholm, as everybody is anticipating, or is most of the trades still taking place in Amsterdam? Then you make your decision” on whether to have only one listing. While Spyker has no plans of issuing more shares, the Stockholm exchange may be a better market if the company decides to raise funds in the future, Muller said.

    Funding Needs
    “We clearly have no intentions of diluting the shares,” he said. “We don’t need the money. So we don’t foresee any share issue at this time, but who knows, maybe in many years it becomes a vehicle for future funding.”

    Spyker had 81 million euros ($108 million) in cash as of Sept. 30, excluding 114 million euros in “restricted” cash set aside for liabilities such as pensions. The company reported net debt of 82.5 million euros at the time. Spyker rose 23.8 cents, or 6.9 percent, to 3.70 euros as of 4:23 a.m. in Amsterdam. The stock rose 63 percent in 2010, the third-best performer in the Amsterdam Small-Cap Index.

    Source: Bloomberg
  • Google Ads

  • Events

  • Latest Forum Posts


    Installation of Saab 93 convertible aerial amplifier Replacement

    Hi All
    Can anyone help please. I’ve recently bought replacement amplifier part for me Saab 93 convertible 93 plate. It’s to replace the broken

    Rowlands2210 16 Hours Ago Go to last post

    Keeping track of tire rotation

    I have always been wary of rotating tyres, and here's why.
    The Saab is front wheel drive so the fronts wear faster than the rears, approximately

    GeoffR 2 Days Ago Go to last post

    Vacuum Pump Install Question

    Thought I'd post a follow-up. Response was to use very thin coat of vaseline. Pump removal/install went well; no more leaks.

    Griffin71 3 Days Ago Go to last post
    Dave T

    Keeping track of tire rotation

    In the past, I've kept track of tire rotation by marking the tires with chalk. Keeping track of which tire was in which position is also useful if one

    Dave T 3 Days Ago Go to last post

    Programming Tire Size with MDI

    Will update. You cannot do it via GDS. TIS programming required.

    Saabaka 3 Days Ago Go to last post
  • Facebook

  • Amazon

All times are GMT. The time now is 13:34.
Powered by vBulletin® Version 4.2.5
Copyright © 2020 vBulletin Solutions Inc. All rights reserved.