STOCKHOLM, Sweden, May 8, 2003 (PRIMEZONE) -- NeoNet AB:
Distribution of earnings
The general meeting resolved that the parent company's non-restricted equity of SEK 15,634,256 be distributed such that the entire amount be 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 seven members. Torvald Bohlin, Hans Karlsson, Staffan Persson, Mats Sundstrom, and Thord Wilkne were re-elected as board members. Kari Lotsberg and Torkel Segerstedt were elected as new board members. Johan Englund is the employee representative on the Board of Directors. The general meeting resolved that SEK 605,000 be paid as remuneration 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 (non-employed by the company) as the Board deems appropriate.
Kari Lotsberg has held leading positions within the Norwegian and the Swedish Ministries of Finance as well as the Central Bank of Sweden. She was the State Secretary with the Swedish Ministry of Finance 1997-1999, responsible for international economic issues and financial market affairs. Kari Lotsberg is currently active as a consultant.
Torkel Segerstedt has extensive experience from leading positions within the asset management area as Head of Swedish Equities at Svenska Handelsbanken and as Asset Manager at Skandia Liv.
Auditors
The registered auditors Ohrlings PricewaterhouseCoopers AB, with head- auditor Per-Ove Zetterlund, were elected to be the company's auditors until the annual general meeting in 2007.
The earlier registered head-auditor Stephan Tolstoy has declined continued commission and the Chairman thus thanked Mr Tolstoy for the services he has provided.
Election of nomination committee and decision to give the board members commission to elect auditing committee The general meeting declined the proposal regarding the election of a nomination committee. Shareholders representing more than 50 percent of the votes will nominate new board members. During the fourth quarter the names of the representatives of the committee shall be accessible at NeoNet. The names of the nominations shall be accessible before the general meeting.
The proposal to give the board members the commission to elect auditing committee was conditional that such committee did not exist. As the board members already had elected the auditing committee the proposal was not discussed. Mats Sundstrom and Hans Karlsson were earlier elected members of the auditing committee.
For further information, please contact: Torvald Bohlin, CEO of NeoNet Tel. + 46 8 454 15 39 torvald.bohlin@neonet.biz
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/05/08/20030508BIT01320/wkr0001.doc
http://www.waymaker.net/bitonline/2003/05/08/20030508BIT01320/wkr0002.pdf