Sep 14, 2012. /Lesprom Network/. As previously announced, Billerud AB has on 19 June 2012 entered into an agreement with Investment AB Kinnevik to acquire all shares in Korsnäs AB. The acquisition of Korsnäs was, according to the agreement, conditional upon approval by the shareholders of Billerud at a General Meeting and upon approval of relevant competition authorities. The Extraordinary General Meeting resolved to approve the Board's decision to acquire Korsnäs on the terms and conditions set out in the proposal, as the company said in the press release received by Lesprom Network. Relevant competition authorities have not yet announced their approval of the transaction. Completion of the transaction will take place as soon as this condition is fulfilled. Authorization for the Board to execute a new issue of shares to be issued as part of the purchase price in the acquisition of Korsnäs The Meeting resolved to authorize the Board, until the next Annual General Meeting, to resolve on a new issue of shares to be used as part of the purchase price in the acquisition of Korsnäs. By making use of the authorization, new shares equivalent to 25% of the outstanding shares in Billerud, before the rights issue with preferential rights for the shareholders, may be issued. Kinnevik shall be solely entitled to subscribe for shares in the new issue and shall as payment for the shares (contribution in kind) contribute all shares in Korsnäs to Billerud. The Meeting's resolution is conditional upon the approval of relevant competition authorities. Authorization for the Board to execute an issue of shares with preferential rights for the existing shareholders The Meeting resolved to authorize the Board, until the next Annual General Meeting, to resolve on a new issue of shares with preferential rights for the existing shareholders for the purpose of using the net proceeds to repay part of existing outstanding loans of BillerudKorsnäs. By making use of the authorization, the Board shall have the right to execute the share issue with total proceeds of approximately SEK 2 billion ($303 million) through the issuance of, no more than, so many shares that at any time are within the maximum number of shares determined in the Articles of Association and thereby increase the share capital by, no more than, an amount that at any time is within the maximum share capital determined in the Articles of Association. The Meeting's resolution is conditional upon approval of relevant competition authorities. Information with respect to subscription price, subscription period etc. will be announced in connection with the Board's resolution to issue new shares by virtue of this authorization. The Meeting resolved to amend the minimum and maximum share capital and number of shares stated in the Articles of Association in order to adjust the limits to the resolved share issue authorizations. The Meeting also resolved to amend the company's name to BillerudKorsnäs Aktiebolag (publ). The amendment of the company name is conditional upon completion of the transaction. Billerud has a world-leading market position within primary fibre-based packaging paper.