Bulletin from AB Novestra’s Annual General Meeting

PRESS RELEASE April 26, 2006
At yesterday’s Annual General Meeting in AB Novestra, ordinary board members Theodor Dalenson, Colin Kingsnorth, Anders Lönnqvist, Bertil Villard and David E Marcus were re-elected in accordance with the proposal of the nomination committee.

At the constituent board meeting following the Annual General Meeting, Theodor Dalenson was appointed Chairman.

It was resolved that, for those board members who do not draw salary from the company, a Directors’ remuneration to the sum of SEK 400 000 be paid out and distributed in accordance with the Board’s decision. It was resolved that auditors’ remuneration be paid as per current account.

The Annual General Meeting resolved on the proposed dividend to shareholders of SEK 2.00 per share. The record date was determined as April 28, 2006. The dividend is scheduled to be distributed May 4, 2006.

The Annual General Meeting resolved, as a consequence of the enactment of the new Swedish Companies Act, that the Articles of Association are principally amended as follows:

The clause concerning the nominal value of the shares will be discarded.
The clause concerning the nominal value of the share is removed.
A clause stating that the number of shares shall be not less than 30 million and not more than 120 million is introduced.
The clause concerning the record day provision is adjusted to the new Swedish Companies Act?s definition of a VPC company.
The clause concerning notice of general meetings is amended so that notices of general meetings shall be published in Post- och Inrikes Tidningar (the Swedish Official Gazette) and in Svenska Dagbladet.
The record day for participation in general meetings is changed to the fifth weekday before the meeting.
Some linguistic and editorial changes of the Articles of Association was also approved.

The Annual General Meeting approved a bonus plan for the Company’s employees for the financial year 2006 as follows: The Company’s employees (including the working Chairman of the Company) shall as a group be entitled to an annual cash bonus from the Company. The total bonus to the employees shall, as a total cost for the Company, correspond to ten percent of the net return from disposals of the Company’s holdings in unlisted companies, made during the year to which the bonus is attributable. The return from holdings shall be calculated as the amount received at the disposal less the carrying value before the Company began to apply IFRS (plus additional investments, if any). Thus, the bonus is not affected by unrealized changes in value. The distribution of the total bonus among the Company’s employees shall be resolved upon by the Board of Directors (without participation of disqualified Directors, if any). An individual employee shall not be guaranteed a certain minimum share of the total bonus. Furthermore, the bonus to an individual employee shall not exceed an amount corresponding to five times the annual base salary of the employee for the year which such bonus is attributable to. The Bonus includes vacation pay and shall not constitute pensionable income. The Company shall deduct preliminary income tax and social security contributions from the above bonus. Bonus in accordance with the above is for the financial year 2006.

According to a proposal by the Board, it was also approved to authorise the Board to, up until the next Annual General Meeting, and on one or several occasions, and ,with or without preferential rights for the shareholders, issue, in total, a maximum of 6 000 000 new shares. The reason for the proposal and the possibility to deviate from shareholders’ preferential rights in the proposal is i.a. to facilitate the company to carry out acquisitions with payment in shares or to procure the financing of the company in an active and appropriate manner. The previous authorisation to issue 6 000 000 new shares, which was decided at last year’s Annual General Meeting, and which has not been utilised, was valid up to this year’s Annual General Meeting and has consequently lapsed.

For further information please contact Peter Ekelund, Managing Director, AB Novestra, phone No. +46 8 545 017 50.

About AB Novestra

Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Bytek Systems AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc.

In addition, Novestra has an investment in Nove Capital Fund, that primarily invests in public companies which are considered to have a value potential because of special situations such as reconstructions, turnarounds or for other reasons offer a significant upside potential and therefore an interesting risk/reward.

The Novestra shares are listed on the O List, Attract 40, of the Stockholm Stock Exchange. For further information regarding AB Novestra, reference is made to www.novestra.com

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