Annual General Meeting in HiQ International AB (publ)

Annual General Meeting in HiQ International AB (publ) The following resolutions were adopted at the Annual General Meeting in HiQ International AB on 29 April 2004: ·The General Meeting resolved on a dividend of SEK 0.45 per share. The record day in respect of the dividend is Tuesday 4 May 2004. The dividend is expected to be distributed by VPC AB on Friday 7 May 2004. ·Ken Gerhardsen, Lars Stugemo, Carl Bildt, Anders Ljungh, Leila Swärd, Christina Ragsten Pettersson and Jukka Norokorpi were elected as members of the Board of Directors. ·The General Meeting resolved to reduce the company's share premium reserve with SEK 180,000,000 to SEK 5,040,057.71. The released reserves are to be transferred to the company's non-restricted equity to be used in accordance with the General Meeting's decision. ·The General Meeting resolved in accordance with the proposal by the Board of Directors to issue subordinated debentures in two series with not more than 1,000,000 detachable warrants. Each warrant shall entitle the holder to subscribe for one share with a nominal value of SEK 0.10. Warrants may be issued in two series (Series I and II) with no more than 800,000 warrants in each series. However, the total number of warrants in Series I and II may not exceed 1,000,000 warrants. For warrants in Series I the exercise price shall correspond to 110 per cent of the average exchange quotation of the company's shares during the period commencing 28 April 2004 up to and including 11 May 2004, and for warrants in Series II the exercise price shall correspond to 110 per cent of the average exchange quotation of the company's share during a period of ten trading days right after the submission of the interim report for the three first quarters of 2004. All warrants may be exercised during a period of approximately two years from the date the exercise price was established. The right to subscribe for debentures shall inure to the wholly owned subsidiary HiQ Data AB, which shall detach and transfer the warrants to current and future employees of the group. If all 1,000,000 warrants are exercised, the share capital of the company will increase by SEK 100,000 corresponding to a dilution of approximately 2.1 per cent of the company's share capital and votes. Considering previously adopted incentive programmes for employees, the total dilution amounts to approximately 3.7 per cent. ·The General Meeting resolved in accordance with the proposal by the Board of Directors to authorise the Board of Directors to resolve on issues of shares against payment in kind of no more than 4,650,000 shares, at one or several occasions, during the period until the next Annual General Meeting in connection with acquisitions. ·The General Meeting resolved to establish a Nomination Committee that shall prepare the election of member of the Board of Directors at the next annual general meeting and propose the fee to the Board of Directors. The names of the representatives of the Nomination Committee shall be announced in connection with the publishing of the company's interim report for the third quarter 2004. No fee shall be paid to the Nomination Committee. ·At the constituent board meeting held after the Annual General Meeting is was resolved to appoint [Anders Ljungh] as the chairman of the Board of Directors. The Board of Directors, HiQ International AB (publ) With questions, please contact: Lars Stugemo, CEO HiQ International, tel. +46 8 588 90 000 or Anna Jennehov, CIO HiQ International, tel. +46 8 588 90 049 or +46 704 200 049 HiQ is an IT and management consultancy that focuses on high-tech solutions in the fields of communication, software development and simulation. The company is a leader in these fields and the Nordic region is its domestic market. HiQ employs more than 400 people at offices in Sweden, Finland and Denmark. HiQ is listed on Stockholmsbörsen's Attract 40-list. For more information, please visit www.hiq.se. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/29/20040429BIT21230/wkr0006.pdf AGM HiQ 040429