Renewal of the authorisation to buy back shares
According to Belgian law, this authorisation is limited to a maximum amount of 10 percent of the total outstanding shares and to a period of 18 months starting at the date of the General Meeting which decides to authorise this. According to the approved proposal, the Board of Directors is able to buy back shares provided that the stock price is between 10 percent above or 20 percent below the average stock price of the 30 days preceding the buy back.
Modification of the bylaws on directors' mandates
The General Meeting has decided to reduce the maximum term of appointment for directors from 6 years to 3 years. The implementation of an age limit of 70 years for appointment as director of the company was rejected.
In addition, a number of minor modifications to different articles which bring the company's bylaws in line with the Belgian Code on Corporate Governance, were adopted.
About Agfa
The Agfa-Gevaert Group is one of the world's leading imaging and information technology companies. Agfa develops, manufactures and markets analog and digital systems for the graphic industry and for healthcare.
Agfa's headquarters are in Mortsel, Belgium. The company is active in 40 countries and has agents in another 100 countries throughout the world. Together they achieved a turnover of 3,762 million Euros (US$ 4,677 million) in 2004.
Agfa's Graphic Systems business group supplies the printing industry with integrated prepress solutions, consisting of consumables, equipment, and software for color, workflow and project management for the most performant computer-to-film and computer-to-plate systems, including digital proofing.
Furthermore, Agfa develops inkjet inks and printing equipment for industrial applications, such as packaging, labels and posters.
Agfa's HealthCare business group supplies hospitals and other healthcare centers with state-of-the-art systems for the capturing, processing and managing of diagnostic images and with IT solutions that integrate the imaging workflow into the overall hospital operations across departmental disciplines.
In addition, Agfa is a leader in the fast growing market of IT systems that span the entire healthcare enterprise and through which healthcare facilities become more efficient and effective, with improved patient outcomes.
For more information on Agfa, visit www.agfa.com.
Contact:
Agfa-Gevaert
Nancy Glynn
Vice President Communication
tel. ++32 (0)3/444.8000
fax. ++32 (0)3/444.7485
e-mail: nancy.glynn@agfa.com
