RESOLUTION AT THE EXTRAORDINARY GENERAL MEETING IN OBDUCAT ON FEBRUARY 9, 2004 REGARDING SUBORDINATED DEBENTURE ISSUE

In accordance with the board of directors’ proposal, the Extraordinary General Meeting of shareholders in Obducat AB (publ) on February 9, 2004 resolved to make a share issue of subordinated debentures with detachable warrants.

The issue will be directed at present shareholders and holders of the outstanding issue of convertible debentures 2001/2004. Present shareholders are offered to subscribe for one convertible debenture for each four present shares held with a nominal value of SEK 1. Holders of current debentures are offered, in return for offsetting the latter, to participate in the new issue of subordinated debentures.

Each debenture has a detachable warrant attached – two such warrants entitles the holder to subscribe for one new share.

The conversion price as well as the subscription price for new shares supported by options will be fixed in the interval of 50-120 % of the average exchange quotation of the company’s series B shares at NGM during the period commencing February 10, 2004 up to and including February 17, 2004.

The subordinated debentures extend from April 1, 2004 to March 31, 2007 at a nominal interest rate of 5,00 % p.a. Conversion and subscription for new shares through utilisation of options are effectuated at the end of each calendar quarter until maturity.

Record day of the issue is March 3, 2004 and the subscription period extends between March 12 – 26, 2004.

The total issue with regard to present shareholders amounts to approx. SEK 50,4 million and to holders of current debentures to approx. SEK 17,7 million.

As previously announced Hauck & Aufhäuser Investment Gesellschaft S.A. has issued a SEK 6 million subscription pledge, in addition to which a number of additional major shareholders and holders of convertible debentures have expressed their intent to participate in the issue.

For additional information please contact:

Johan Boman, CFO Obducat AB, +46 (0)703 – 27 37 30

Obducat AB is an innovative developer and supplier of technologies, products and processes used for the production of advanced micro- and nano structures. Obducat´s products and services are intended to serve the demands of companies within the information storage, semiconductor, printed circuit board, and sensor industries. Obducat´s technologies include electron beam, and nano imprint technology. Obducat has offices in Sweden, and the UK, with the head quarter located in Malmö, Sweden. The Obducat shares are publicly traded on the Swedish NGM.

To learn more about the company, visit www.obducat.com

Subscribe

Documents & Links