Report from the extraordinary general meeting of Genovis AB (publ)

At the extra general meeting of Genovis AB (publ) held on 26 February 2008 the board’s proposed new share issue was approved.

The board proposes to increase share capital in the company by up to SEK 870,898.4 through a new share issue of up to 2,177,246 class B shares with preference for existing shareholders. Four (4) existing shares, regardless of share class, will qualify for subscription of one (1) new class B share. The proposed issue price is SEK seven (7).

Members of the board and 15 key shareholders, has verbally given a declaration of intent to subscribe for their total holdings that amounts to 50% of the new share issue in Genovis. Farstorps Gård Förvaltnings AB, shareholder in Genovis, representing 30,34 % of the capital stock and 26,57 % of the votes in Genovis, has signed a guarantee commitment covering the remaining part of the new share issue up to a total of 100% . Compensation for the guarantee commitment amounts to SEK 460 000.



New share issue


March 7, 2008
Last trading day for the Genovis share that includes the right to participate in the new share issue.

March 12, 2008
Record day for participation in the new share issue, i.e., shareholders listed in the Genovis share register on this day receive subscription rights for participation in the new share issue.

March 14-April 7, 2008
Subscription period. Subscription with preemptive rights occurs through cash payment during the subscription period. Notification of interest in subscribing can be done during the entire subscription period.

March 14–April 2, 2008 Rights trading.