UPPSALA, Sweden, April 26, 2002 (PRIMEZONE) -- Pricer AB:
Pricer's Annual General Meeting was held April 25, 2002. The following decisions were taken.
Election of Board of Directors
Mr. Jan Forssjo, Mr. Salvatore Grimaldi, Mr. Arve Kristofffersen and Mr. Goran Linden were unanimously re-elected as board members. At the board meetig following election Mr. Salvatore Grimaldi was elected as new Chairman of the Board.
Issue of debt instrument linked with detachable warrants for subscription of new shares
The Annual General Meeting decided to approve the resolution toraise a subordinated loan for a nominal value of SEK 1.000 through anissue linked with 3,000,000 detachable warrants for subscription ofseries B shares, each with a nominal value of ten ore (SEK 0.10). Thewarrants shall be detached and transferred, to senior executives andother employees in Pricer AB and some other key individuals.
Each warrant entitles its holder to subscribe for one new Series Bshare during the period 1 May 2003 to 30 April 2005 inclusive. Thesubscription price is SEK 1.83.
Authorisation of issue
The Annual General Meeting decided in accordance with the board's Proposal that the AGM authorises the board to make decisions, on one or several occasions, to issue not more than 15,000,000 series B shares until the date of the next Annual General Meeting. The board should be able to decide on a new issue with a departure from the shareholders' right of preference with or without a provision for a non-cash issue.
For further information, please contact: Jan Forssjo, President and CEO, Pricer AB +46 18 188 100
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 cooperation 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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The following files are available for download:
www.waymaker.net/bitonline/2002/04/26/20020426BIT01410/wkr0001.doc www.waymaker.net/bitonline/2002/04/26/20020426BIT01410/wkr0002.pdf