H & M Hennes & Mauritz AB effected bonus issues in the years
1983, 1984, 1985 and 1986, at which times so-called scrips were issued
in accordance with the Companies Act effective at that time. A number
of bonus share rights have not yet been received for exchange. In accordance
with an announcement in June 2009, the corresponding bonus
shares were sold on the market in June 2010. The holders of the
bonus share rights then had a further four years in which to withdraw
their share of the proceeds less the costs of the reminder and sale. The
proceeds of the sale in 2010, which totalled SEK 48 m after costs were
deducted, were therefore reported as a short-term liability until 30
June 2014. The part of these proceeds for which no valid claim was
made accrued to the company and thereby increased equity in 2014.