Annual General Meeting in Addtech AB August 19, 2003
Resolutions passed at today's Annual General Meeting included the following:
Dividend
A dividend of SEK 1.50 per share was confirmed.
A dividend of SEK 1.50 per share was confirmed.
Board of Directors
The following directors were re-elected:
Anders Börjesson
Tom Hedelius
Urban Jansson
Lars Spongberg
Roger Bergqvist
The following directors were re-elected:
Anders Börjesson
Tom Hedelius
Urban Jansson
Lars Spongberg
Roger Bergqvist
At the subsequent statutory Board of Directors meeting Anders Börjesson was re-elected to serve as Chairman. Tom Hedelius was re-elected to serve as Vice Chairman.
Reduction of the share capital through cancellation
The Annual General Meeting resolved in accordance with the proposal of the Board of Directors to reduce the share capital through cancellation of 1,350,000 repurchased class B shares equivalent to SEK 2,700,000. After this reduction, Addtech will hold 731,400 in treasury, whereof 700,000 to secure the Company's obligation to holders of personnel options.
The Annual General Meeting resolved in accordance with the proposal of the Board of Directors to reduce the share capital through cancellation of 1,350,000 repurchased class B shares equivalent to SEK 2,700,000. After this reduction, Addtech will hold 731,400 in treasury, whereof 700,000 to secure the Company's obligation to holders of personnel options.
New issue of class C shares
In order to reduce the time required for a reduction of the share capital through cancellation, a resolution was passed whereby 1,350,000 new class C shares will be issued to Svenska Handelsbanken. These shares will be redeemed immediately upon registration of the new issue.
In order to reduce the time required for a reduction of the share capital through cancellation, a resolution was passed whereby 1,350,000 new class C shares will be issued to Svenska Handelsbanken. These shares will be redeemed immediately upon registration of the new issue.
Repurchase of own shares
In accordance with a proposal of the Board of Directors, the Annual General Meeting resolved to give the Board of Directors authorization to buy and sell shares in the Company, on one or more occasions, during the period until the next following Annual General Meeting.
In accordance with a proposal of the Board of Directors, the Annual General Meeting resolved to give the Board of Directors authorization to buy and sell shares in the Company, on one or more occasions, during the period until the next following Annual General Meeting.
Purchases shall be made over Stockholmsbörsen (the Stockholm Stock Exchange) at the prevailing market price from time to time. Purchases of own shares shall be limited in such a way that the Company's total holding of shares in treasury never exceeds 10 percent of the total number of shares outstanding.
Shares held in treasury may be sold with or without preferential rights for shareholders, but not via Stockholmsbörsen. Shares may be sold to finance acquisition of companies or businesses.
Next report
Interim Report for the period April 1 - September 30, 2003 will be published November 4, 2003.
Interim Report for the period April 1 - September 30, 2003 will be published November 4, 2003.
Stockholm, August 19, 2003 <!-- hugin-supplied --><br> <!-- hugin-supplied --><br> Addtech AB (publ) <!-- hugin-supplied --><br> Board of Directors <!-- hugin-supplied --><br> <!-- hugin-supplied --><br> <!-- hugin-supplied --><br> <!-- hugin-supplied --><br> For further information, contact Roger Bergqvist, President, +46 8 470 49 04.