BULLETIN FROM THE ANNUAL GENERAL MEETING OF PAYNOVA AB (PUBL.) 6 MAY 2004
The Annual General Meeting decided to confirm the presented profit and loss statement and balance sheet for the 2003 financial year. The deficit for the year was to be carried over to the new balance, and the company’s board and CEO were discharged of liability. The board was re-elected in its entirety and authorised to make decisions concerning proposed new share issues. The board may also, thanks to a resolution on deviation from shareholders’ preferential rights, target offers at strategic investors.
The annual accounts and audit report were presented to the meeting. CEO Pelle Hjortblad reported on business activities and the development the Paynova Wallet is undergoing for new business areas.
The re-elected board is composed of Peter Enström, Magdalena Bonde, Dan Blomberg, Bengt Holmqvist, Ulf Risberg and Magnus Unger. Directors’ fees were fixed at an unchanged SEK 250,000, to be distributed in accordance with the board’s own decision. Owing to individual board members’ work tasks being expanded to cover considerably more than the usual board work, the board is authorised to be able to give out a special payment totalling no more than SEK 250,000 during the year.
All decisions taken by the meeting were unanimous.
Stockholm 7 May 2004
Paynova AB
The Board
Future information
Interim report 1 April-30 June: 26 August 2004
Interim report 1 July-30 September: 11 November 2004
For further information. please contact:
Mats Jonnerhag, PR and information, Paynova AB
Cell: +46 (0) 708-754 920, Email: mats.jonnerhag@paynova.com
Pelle Hjortblad, CEO Paynova AB
Cell: +46 (0)701-810 110 Phone: +46 (0)8-517 100 07, Email: pelle.hjortblad@paynova.com
www.paynova.com
About Paynova
Paynova AB, listed on NGM Equity on 26 February 2004, is a company specialising in secure online payments. The Paynova Wallet is a digital wallet for digital transactions that can handle amounts from 5 pence and up. The digital wallet enables the customer to manage and control purchases limiting his/her personal credit card or eBanking information to only one counterpart. The Paynova Wallet is easy to acquire and use, and simple for the merchant to install. More than 20 000 banks worldwide accept the Paynova solution for VISA and MasterCard payments. Since its launch in 2001, Paynova AB has signed agreements with more than 500 companies and organisations that now offer the Paynova Wallet as a payment option on their websites. Pelle Hjortblad is the CEO of Paynova. The full Paynova share prospectus can be found at www.paynova.com