Swedish industrial group Sandvik AB (SAND.SK) on Monday said it obtained approval at an extraordinary general meeting to issue new shares to complete its public offer to the minority shareholders of Seco Tools AB (SECO-B.SK). The general meeting also agreed to change the registered office of Sandvik's board of directors to Stockholm from Sandviken.

 
   MAIN FACTS:

-Sandvik's public offer to the minority shareholders of Seco Tools has been completed after its board of directors obtained approval at an extraordinary general meeting to issue new shares.

-Sandvik's board obtained approval to issue up to 69,195,888 new shares in the company as consideration for the acquisition of shares in Seco Tools AB under a public offer announced Nov. 7.

-As a result, conditions for the deal are satisfied and the offer will be completed.

-At 1407 GMT, Sandvik's shares traded 2.3% lower at SEK81.30.

-By Katarina Gustafsson, Dow Jones Newswires; +46-8-5451-3097; katarina.gustafsson@dowjones.com

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