The Annual General Meeting of Tripep AB
The Annual General Meeting of Tripep AB was held in Stockholm, Sweden, on 6 April 2005. Annual Report and discharge from liability The company’s Income Statement and Balance Sheet were approved and the Board of Directors and Chief Executive Officer were discharged from liability for the financial year 2004. Election of Board of Directors and Chairman of the Board Rolf L. Nordström, Anders Vahlne, Matti Sällberg, William W. Hall and Yiming Shao were appointed to the Board of Directors, (all re-elected), as were Thomas Lynch (elected). Rolf L. Nordström were re-elected as Chairman of the Board. The Meeting approved a total compensation to the Board of directors of SEK 450,000, to be divided pursuant to Board decision, whereupon no fees will be paid to those Board members who are employees, or have comparable positions in the company. Authorization regarding treasury shares The Board of Directors was authorized to resolve on the transfer of the company’s remaining 256,345 own shares on the Stockholm Stock Exchange, or in some other manner, including the right to resolve waiving shareholders’ preferential rights, and with payment possible through means other than cash, in the period until the next Annual General Meeting. Amendment of the Articles of Association The Meeting resolved, in accordance with the Board of Directors’ proposal, that the limits for share capital in the Articles of Association be extended from the current SEK 2 – 8 m interval to SEK 3 – 12 m. Option programme The Meeting resolved, in accordance with the Board of Directors' and the Nomination Committee’s proposals, to implement an option programme. The Company shall issue promissory notes with a maximum of 310,000 detachable warrants. Each warrant entitles the holder to subscribe for a new share in the Company during the period 15 October 2007 – 15 April 2008. Entitled to subscribe for the promissory notes with detachable warrants shall be Thomas Lynch (250,000) who was elected new member of the Board at the meeting, and Professor William G. Powderly (60,000), who recently was elected as a new member of the Company’s Scientific Advisory Board. Nomination Committee The Annual General Meeting resolved to appoint a Nomination Committee comprising the Chairman of the Board Rolf L. Nordström, Peter Horal and Bo Svennerholm. The task of the Nomination Committee is to submit proposals for Board members and Board fees ahead of the Annual General Meeting 2006. For more information, please contact: Rolf L. Nordström, Chairman, Tripep AB Tel: +44 20 7839 8686, mobile phone: +44 7776 137 400 E-mail: rolf.l.nordstrom@btinternet.com Jan Nilsson, CEO, Tripep AB Tel: +46 8 449 84 80, mobile phone: +46 70 466 31 63 E-mail: jan.nilsson@tripep.se