STOCKHOLM, Sweden, April 25, 2002 (PRIMEZONE) -- NeoNet:
CEO statement
"In the past year, NeoNet's business concept - offering institutional investors and broker-dealers electronic access on the world's major stock markets through its exchange network - was put to the test," said Torvald Bohlin CEO of NeoNet at the Annual General Meeting yesterday evening in Stockholm. "We view our market successes as an acknowledgement of the strength and long-term sustainability of our business concept."
Distribution of earnings
The general meeting resolved that the parent company's non-restricted equity of SEK 16,127,541 be allocated such that the entire amount is carried forward.
Board of Directors
The general meeting resolved that, until the close of the next annual general meeting, the Board of Directors shall consist of five members. Torvald Bohlin, Hans Karlsson, Staffan Persson, Mats Sundstrom, and Thord Wilkne were re-elected as board members. Johan Englund is the employee representative on the Board of Directors. The general meeting resolved that SEK 470,000 be paid as fees to the Board of Directors for the period until the expiry of the next annual general meeting, the aforesaid amount to be allocated among the members of the Board of Directors as the Board deems appropriate.
Stock options program
The general meeting approved the proposed Swedish and global stock options programs for the company's employees. The dilution as a result of the approved stock options program is 1.13 percent.
The aggregated effect of dilution from all stock options programs, the approved stock options programs from the Annual General Meeting included, will be 3.69 percent after dilution at the time of the issue of the options. The purpose of the programs is to enable the group to maintain and recruit skilled personnel and to increase motivation among employees.
For further information, please contact: Torvald Bohlin CEO of NeoNet Tel. + 46 8 454 15 39 torvald.bohlin@neonet.se
NeoNet provides institutional investors and broker-dealers with an exchange network for electronic trading on the world's leading stock exchanges. The NeoNet system gives clients an efficient tool for real- time equity execution on the connected stock exchanges. Through NeoNet, clients experience trading access to currently 80 percent of the European equity market capitalization Focused on providing a single point of access to multiple equity markets worldwide, NeoNet has 78 employees with offices in Stockholm and New York, is listed on the Stockholm Stock Exchange (short name NEO), and has clients in eleven countries including the U.S.
NeoNet AB (publ), P.O. Box 7545, SE-103 93 Stockholm, Sweden Tel: +46 8 454 15 00, Fax: +46 8 10 40 84 www.neonetsecurities.com
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