STOCKHOLM, Sweden, Nov. 14, 2001 (PRIMEZONE) -- Intentia International AB (publ) (XSSE:INTB) held an extraordinary general meeting (EGM) today in accordance with the Board of Directors' proposal on October 31, 2001 to decide on modifying the terms of the company's outstanding EUR 100,000,000 -- 5 percent Subordinated Convertible Notes 2004 ("the Notes"). The EGM decided to authorize the Board to make the following decisions:
--That the current conversion price of SEK 244.48 at a fixed exchange rate of SEK 8.72 be lowered to SEK 130 at the corresponding exchange rate --To change the due date for the Notes from July 15, 2004 to July 15, 2006 --That a call for conversion can be made by Intentia at any time if Intentia stock trades at 108% of the conversion price for 20 business days.
The modifications to the terms decided upon regarding duration and conversion price will only be implemented if a large enough majority of the Noteholders vote in favor of the modifications in accordance with the terms of the Notes.
In addition, the EGM decided to issue a maximum of 6,400,000 ordinary B shares at a nominal price of SEK 10 per share that current Noteholders can tender. Noteholders that chose to convert to shares agree to vote in favor of the modification to the Notes described above. Payment will be made by means of set-off against the nominal amount of the Notes. The new shares will be issued at a rate equivalent to EUR 6.25 per share. Each noteholder is guaranteed a portion of the shares that equals 40% of the total nominal amount of notes he or she holds.
About Intentia
Intentia is one of the world's leading suppliers of collaboration solutions. Our vision is to become the leading global collaboration solutions vendor by supplying our customers with tomorrow's solutions today. Intentia offers a one-stop shop for all collaboration needs within numerous industry segments. We develop, implement and maintain our own solutions to produce the highest possible level of customer satisfaction. The Intentia Solution consists of applications covering customer relationship management (CRM), enterprise management (ENM), supply chain management (SCM), business performance measurement (BPM), e-business and value chain collaboration (VCC). Intentia has more than 3,200 employees and serves more than 3,400 customers in the manufacturing, maintenance and distribution industries via a global network spanning some 40 countries. Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B. Visit Intentia's Website at www.intentia.com