The Board of Directors of Addtech AB (publ) has decided to call an extra general meeting of shareholders to be held November 29, 2004 to decide on an extension of the existing personnel option program and to decide on conveyance of own shares in conjunction therewith.

 

The existing personnel options entitle their holders to purchase one class B share in the Company at a redemption price of SEK 44.80 per share during the period July 19, 2004 - February 18, 2005. The program covers up to 700 000 personnel options divided into up to 100 000 options to the President and between 5 000 and 70 000 options to other members of management. The program is since before secured by a corresponding number of repurchased shares held in treasury.

 

The Board of Directors proposes that the existing personnel option program, resolved by an extra general meeting of shareholders held December 17, 2001, originally covering approximately 55 members of senior management in the Addtech Group, be extended to expire February 18, 2010 with the same redemption price and in other respects on essentially unchanged terms and conditions. 

 

 

Stockholm, October 27, 2004

 

 

Addtech AB (publ)