STOCKHOLM, Sweden, May 02, 2002 (PRIMEZONE) -- Annual General Meeting in HiQ International AB (publ)
The following resolutions were adopted at the Annual General Meeting in HiQ International AB on 2 May 2002:
The General Meeting resolved on a dividend of SEK 0.46 per share. The record day in respect of the dividend is Tuesday 7 May 2002. The dividend is expected to be distributed by VPC AB on Monday 13 May 2002.
Hans Karlsson, Ken Gerhardsen, Per Ostlund, Lars Stugemo, Carl Bildt and Anders Ljungh were re-elected as members of the Board of Directors.
The General Meeting resolved in accordance with the proposal by the Board of Directors to issue subordinated debentures in two series with not more than 803,000 detachable warrants. Each warrant shall entitle the holder to subscribe for one share with a nominal value of SEK 0.10. Warrants may be issued in two series (Series I and II) with no more than 743,000 warrants in each series. However, the total number of warrants in Series I and II may not exceed 803,000 warrants. For warrants in Series I the exercise price shall correspond to 110 per cent of the average exchange quotation of the company's shares during the period commencing 26 April 2002 up to and including 13 May 2002, and for warrants in Series II the exercise price shall correspond to 110 per cent of the average exchange quotation of the company's share during a period of ten trading days right after the submission of the interim report for the three first quarters of 2002. All warrants may be exercised during a period of approximately two years from the date the exercise price was established. The right to subscribe for debentures shall inure to the wholly owned subsidiary HiQ Data AB, which shall detach and transfer the warrants to current and future employees of the group. The warrants may be transferred at a price below the market price. If all 803,000 warrants are exercised, the share capital of the company will increase by SEK 80,300 corresponding to a dilution of approximately 1.8 per cent of the company's share capital and votes. Considering previously adopted incentive programmes for employees, the total dilution amounts to approx. 4.3 per cent.
The General Meeting resolved in accordance with the proposal by the Board of Directors to authorise the Board to issue a maximum of 4,000,000 new shares, at one or more occasions, during the period until the next Annual General Meeting. The authorisation includes the right to resolve on issues in kind.
At the constituent board meeting held after the Annual General Meeting is was resolved to appoint Hans Karlsson as the chairman of the Board of Directors.
HiQ International AB (publ) The Board of Directors
For further information, please contact:
Lars Stugemo, President and CEO HiQ, tel.: +46 (0) 8 588 90 000
Anna Svensson, CIO HiQ, tel.: +46 (0) 8 588 90 015, +46 (0) 704 200 103
HiQ is an IT and management consultancy that focuses on high-tech solutions in the fields of communication and simulation technology. The company is a leader in these fields and the Nordic region is its domestic market. HiQ employs around 480 people at offices in Sweden, Finland, Denmark and Norway. HiQ is listed on Stockholmsborsen. For more information, please visit www.hiq.se.
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The following files are available for download:
http://www.waymaker.net/bitonline/2002/05/02/20020502BIT01630/wkr0001.doc
http://www.waymaker.net/bitonline/2002/05/02/20020502BIT01630/wkr0002.pdf