Announcement No. 16-2008
26 June 2008
Report on the extraordinary general meeting of Danware A/S held on 26 June 2008
Earlier today, Danware A/S held an extraordinary general meeting.
The following proposals were adopted:
The Board of Directors was authorised to make a capital increase as part of
Danware's acquisition of the Swiss company GenevaLogic Langenthal Holding
AG.
The authorisation, which is valid until 31 December 2008, entitles the
Board of Directors to carry out a capital increase without preemptive rights to
the existing shareholders for a nominal amount of up to DKK 1,838,235. The
subscription price of the new shares will be fixed at the market price, however,
not at less than DKK 68 per share of DKK 5.
The Board of Directors was also authorised to issue, during the period until 26
June 2013, 73,529 warrants corresponding to a nominal value of DKK 367,645. The
warrants will be issued to NewBorn Consulting Network L.P., Mayya Partners
Limited and Kirk Greiner as part of the lock-up agreement relating to the shares
received as part of the consideration for Danware's acquisition of GenovaLogic
Langenthal Holding AG. The issue is being made without pre-emptive rights for
Danware's existing shareholders and the warrants issued entitle the holders to
subscribe shares in the company in a total nominal amount of up to DKK 367,645,
corresponding to a nominal amount of DKK 5 per warrant.
As a result of the possible capital increase in connection with the issue of
warrants, the Board of Directors was authorised during the period until 26 June
2013 to increase the company's share capital by up to DKK 1,417,645 nominal
value without preemptive rights to the company's existing shareholders.
Peter Schüpbach was elected as a new member of the Board of Directors.
Accordingly, the new Board of Directors consists of Ib Kunøe, Jan Elbæk, Peter
Grøndahl, Henning Hansen and Peter Schüpbach, as well as the three board members
elected by the company's employees: Per Rank, Ole Haag and Charlotte Brøbeck.
Danware A/S will change its name to “Netop Solutions A/S”. The reason for the
change of name is that the company already primarily uses the name “Netop” in
its marketing efforts and that the majority of the company's foreign
subsidiaries are also named “Netop”.
Contact
Kurt Bager, CEO, tel. +45 4590 2525, email: kgb@danware.dk.
Danware's core business is to develop and market software products based on the
NetOp® core technology - a technology enabling swift, secure and seamless
transfer of
screens, sound and data between two or more computers. The company's two product
areas are Desktop Management and Education. The core product in Desktop
Management, NetOp® Remote Control, enables remote control of one or more distant
computers. NetOp® School, the core product in Education, is a software
application for computer-based classroom teaching. All are plug ‘n play products
offering extensive functionality, flexibility and user-friendliness. Danware's
products are sold in more than 80 countries. In 2007, the company generated
revenue of about DKK 85m. Danware's shares are listed on the Copenhagen Stock
Exchange and are a component of the Small Cap+ index. Danware operates wholly
owned subsidiaries in the United States, the UK and Germany. For more
information, go to www.danware.com.
