EGM Approved Preferential Rights Issue
EGM Approved Preferential Rights Issue Glocalnet's Extraordinary General Meeting on 2 May 2001 resolved to approve the Board's decision to carry out a new share issue of 86,679,850 shares in accordance with existing shareholders' preferential rights at a subscription price of SEK 0.85 per share. This raises SEK 73.7 m for the Company before issue expenses. Main owner Catella IT AB guarantees the issue in its entirety. The funds raised will be utilized to finance the corporation's operations until Glocalnet generates a positive cash flow. At the same time, the EGM, in accordance to the Board'