UPPSALA, Sweden, Feb. 28, 2002 (PRIMEZONE) - Pricer's Extraordinary General Meeting was held February 28, 2002. The following decisions were taken.
Issue of shares with right of preference for the shareholders. The Extraordinary General Meeting decided to approve the Board's decision of February 7, 2002 to increase Pricer's share capital by not more than 9,542,359.40 through an issue of not more than 95,423,594 new series B shares, each for a nominal value of SEK 0.10. The company's shareholders shall have a right of preference to subscribe for new shares. Regardless of class of share, every full five shares shall entitle the holder to subscription of two new series B shares. The issue price shall be SEK 1.15 per share. Subscription of shares with a right of preference shall be made during the period March 13 - 26, 2002. Last day for trading the share including right to participate in the new share issue shall be March 4, 2002. The record day for participation in the new share issue shall be March 7, 2002.
Issue of debt instrument with warrants.
The Extraordinary General Meeting decided to approve the Board's decision of February 7, 2002 to raise a subordinated loan for a nominal value of SEK 1,000 through an issue linked with 23,855,898 detachable warrants for subscription of series B shares, each with a nominal value of SEK 0.10 following which the company's share capital could increase by not more than SEK 2,385,589.80. Only Bankaktiebolaget JP Nordiska shall be entitled to subscribe for debt instruments with a departure from the shareholders' right of preference. Subscription for and payment of debt instruments linked with detachable warrants for subscription of new shares shall be made not later than March 31, 2002. The subordinated loan matures for payment on December 31, 2002 and shall run at an annual interest of five (5) per cent. The warrants entitle holders to subscription of new shares in the company at a price of SEK 1.90 per share during the period September 15, 2003 to October 17, 2003 inclusive. The detachable warrants shall be transferred, free of charge, to those of the company's shareholders who have subscribed for shares in the issue of shares with right of preference for the shareholders according to the above. One (1) warrant, which entitles the holder to subscription of one (1) series B share, shall be received for every full four subscribed and allocated shares.
Pricer AB (publ) was founded in 1991 in Uppsala and has built a leading position in the world market as a supplier of electronic display and information systems to the retail industry. Pricer offers electronic information systems intended to improve significantly customer benefit and improve retail profitability. Through Pricer's co-operation with highly competent partners, customers are offered a totally integrated solution together with the supplementary products, applications and services offered by our partners. The Pricer share is quoted on the O-list of Stockholm Exchange. For further information, please visit Pricer's Website www.pricer.se. Registration to receive news releases automatically via e-mail can be made through the Website.
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