An Extraordinary General Meeting was held on March 14th, 2007. The following decisions were made:
Approval of the Board’s decision to issue convertible debentures
The General Meeting decided to approve the decision from February 19th, 2007 by the Board to issue convertible debentures. The right to subscribe to the convertible debentures shall be by Straumur-Burdarás Fjárfestingabanki hf ( SEK 50M), Alted AB (SEK 12.45M) and for Monterro Holdings Ltd (SEK 12,45M) Through the loans, Pricer shall borrow not more than SEK 74,900,000. Conversion to class B shares can be made until March 30th, 2009 at a conversion price of SEK 0,70.
Incentive programme
The General Meeting decided to issue 30,000,000 warrants and otherwise approve the introduction of a global incentive program for employees in Pricer.
Each warrant shall, during the period until June 30th, 2011, give entitlement to subscription to one new class B share. The subscription price shall be 110 per cent of the last average price paid for the Company’s B share during ten trading days immediately after the day of the Extraordinary General Meeting. The right to subscribe for the warrants shall only be for the wholly-owned subsidiary company, Pricer Communication AB, and shall be used for a warrant programme in accordance with the warrant plan proposed by the Board.
Election of new Board Member
Mr Akbar Seddigh was elected as a new member of the Board of Pricer. Akbar Seddigh is Chairman of the Board of Elekta AB, Hedson Technologies AB, Mentice AB and Ortivus AB, and Member of the Boards of, among others, Affärsstrategerna AB, Biolight International AB and Tobii Technology AB. Margareta Norell Bergendahl has decided to leave the Board.
Attached files