Resco's options program fully subscribed to
Resco's options program fully subscribed to Resco's options program intended for employees and board members has been fully subscribed to. The value of the subscribed options is SEK 1,200,000. Resco decided at its annual general meeting on 7 May 2001 to issue a debenture (inscribed debenture loan) of SEK 100,000 with 1,000,000 detachable warrants for the new issue of B shares in Resco AB. At the end of the subscription period the options program of 1,000,000 options was fully subscribed to. If the options are fully exploited it will mean a dilution equivalent to 3.5 percent of the share capital and 2.0 percent of the votes. The options give the right to take up a new subscription to a new B share in Resco AB during the period from 2 to 30 May 2003. The subscription rate is SEK 10 and the price of the options was set at SEK 1.20. "We on the board have a very positive view of Resco's opportunities for continued strong growth and development of profitability. One crucial requirement is the staff's commitment. The options program is a good way for employees to participate in the company as owners. I am pleased that so many took the opportunity and subscribed to the options", says Kjell Jacobsson, acting CEO of Resco. For more information please contact: Kjell Jacobsson, Acting CEO of Resco, +46 (0)708-90 30 50, kjell.jacobsson@resco.se Maria Sin, Chief Economist at Resco, +46 (0)708-90 33 26, maria.sin@resco.se About Resco AB Resco is a company in the IT industry with a focus on e-integration. The company combines IT and business systems with the Internet to make the client companies' operations and interaction with their customers and the rest of the world more effective. Resco was founded in 1982 and operates today in Sweden, Finland and Germany. With close to 600 specialists in business development, business systems, web technology, design, IT architecture and marketing communications Resco has a unique position in the market. The company has been listed on the Stockholm Stock Exchange since 1996. For more information about the company see www.resco.se. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/07/04/20010704BIT00300/bit0003.doc http://www.bit.se/bitonline/2001/07/04/20010704BIT00300/bit0003.pdf