The Shareholder's Meeting of Cyber Com Approves the Acquisition of Stratum Project Management


STOCKHOLM, Sweden, March 20, 2002 (PRIMEZONE) -- Cyber Com Consulting Group:

"We are pleased that the acquisition has been successful and see the opportunity for immediate geographical expansion of the customer base for our telecom expertise, while Stratum's expertise in the field of financial services provides added value to the services we offer to the Swedish market," said CEO Mats Alders.

Bulletin from the Shareholder's Meeting

The shareholders of Cyber Com Consulting Group Scandinavia AB (publ) ("Cyber Com") adopted a resolution at an Extraordinary General Meeting held on March 18, 2002 to increase the company's share capital by SEK 267,224 by means of a new share issue of 267,224 shares, each share with a nominal value of SEK 1. The right to subscribe for such new shares shall only inure to shareholders in Stratum Project Management Limited ("Stratum"), who shall be entitled and obligated to pay for such new shares by assigning all of their shares in Stratum to Cyber Com. Such new shares, each with a nominal value of SEK 1, have been issued at a price of SEK 34.61 per share. Subscription for such new shares must be made not later than April 30, 2002.

The shareholders passed a resolution at the same meeting that the company shall raise two subordinated loans, each with a nominal value of SEK 1, through the issuance of two subordinated debentures, each with 162,483 detachable warrants. The issue price of the debenture loans shall be 100% of the nominal value of the loans. The right to subscribe for the debentures shall, notwithstanding the shareholders' rights, inure only to the wholly-owned subsidiary Cyber Com Consulting Uppsala AB for subsequent transfer to the holders of options issued by Stratum to purchase shares in Stratum. For each warrant, the holders of the warrants shall be entitled to subscribe for one new share in Cyber Com with a nominal value of SEK 1. The price of each subscribed share shall be SEK 33.50.

The period for subscription for new shares runs from July 1 until August 31, 2003 in respect of warrants attached to the first subordinated debenture, and from January 1 until February 28, 2005 in respect of warrants attached to the second subordinated debenture. At the same time, the shareholders' meeting authorised Cyber Com Consulting Uppsala AB to transfer the aforementioned warrants to persons holding call options issued by Stratum in exchange for the waiver of their rights pursuant to the call options. The complete resolution of the Shareholders' Meeting is available at Cyber Com, Norrmalmstorg 16, Stockholm, Sweden.

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