ReadSoft AB (publ) Annual General Meeting 2007

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CEO and President Jan Andersson noted in his address that ReadSofts' operating result improved substantially in 2006 and that the turnover increased by 15 percent. During the year two strategically very important acquisitions were made. Together with the company's new software platform this gives the right conditions for further growth. ReadSofts' new, long-term financial target is a growth of 20-25 percent and an operating margin of at least 15 percent (EBITDA). At the end of his presentation the CEO highlighted the company's continued active acquisition strategy, which the annual meeting also addressed in one of the resolutions.

At ReadSoft AB's annual meeting today, the following resolutions were among those passed:


Election of Board of directors

All Directors were re-elected for a new period. The Directors are Göran E. Larsson (chairman), Lennart Pihl, Gündor Rentsch, Anna Söderblom and Lars Appelstål.


Dividend

The annual meeting decided on no dividend for the year 2006.


Nomination committee

The meeting decided that an nomination committee shall be appointed with the assignment in connection with next year's annual meeting to submit proposals, among others, with respect to election of the Board of Directors, compensation to the Board and the auditors and election of an election committee.
The chairman of the Board shall invite minimum three and maximum five of largest shareholders as per 30 September 2007 to appoint one representative each and to together with the chairman comprise the Nomination Committee.


Auditor

The meeting appointed the registered firm PricewaterhouseCoopers AB to auditor for the company.


Incentive program

The meeting decided to approve the resolution from the board on an incentive program for employees. Right to subscribe to the convertibles shall be leading employees and key employees in the ReadSoft group. The program will consist of maximum 350,000 convertibles and one convertible may be conversed to one B-share. Conversion to B-shares may be made from December 11, 2009 to June 11, 2010. The conversion price shall correspond to 125 percent of the average price paid for the B-share in the company on the Stockholm stock exchange's official list during a given period at the beginning of May 2007. At full conversion the company's share capital will increase with SEK 35,000 and the dilution will be approximately 1.1 percent of the share capital and 0.8 percent of the votes.


Authorization of the Board to decide on new issues of shares

The meeting decided to authorize the Board of Directors to, at one or several occasions, up to the next annual meeting 2008, execute new issues of shares with maximum 3,000,000 shares, series B. The new shares may be issued with deviation of shareholders' preferential rights. The reasons for the Board to be able to deviate from shareholders' preferential rights are that financing may be required in connection with future acquisitions with payment in shares and/or issue of new shares with payment in capital contributed in kind.


For more information, please contact

Jan Andersson, President/CEO

Pho:+46708376600

Jonna Opitz, Vice President Corporate Communication

Pho:+46708378668

E-mail:jonna.opitz@readsoft.com


ReadSoftis a world-leading supplier of software for document automation. The company develops and markets a complete software platform for document automation under the name of ReadSoft DOCUMENTS. The vision is to release businesses around the world from handling documents manually. Since starting in 1991, ReadSoft has grown to a worldwide Group with eleven subsidiaries in Europe, North America, South America and Australia, as well as a large number of local and global partners. The head office is in Helsingborg, Sweden, which - along with Stockholm - also houses the Group's main research and development unit. The ReadSoft share is traded on the Nordic Stock Exchange Small Cap list.

For additional information please visit:

www.readsoft.com


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