LUND, Sweden, July 17, 2003 (PRIMEZONE) -- At today's Extraordinary General Meeting of Anoto Group (Other OTC:AOTOF) it was resolved to approve the Board's decision to implement a new share issue of an additional 3.3 million shares. The Board was authorized to decide on a new share issue of a maximum of 1.7 million shares to enable a directed new share issue to industrial partners within the scope of collaboration and alliances.
"Logitech is one of our most important partners and with their acquisition of 10,2 % shares in Anoto Group the strategic relationship is reinforced and opportunities for closer and even more distinct future collaboration for the business and technology development of their Logitech(R) io(TM) Digital Pen and for the development of the digital pen and paper platform are created," said Orjan Johansson, CEO, Anoto Group AB.
David Henry, who is Senior Vice president in Logitech, was elected as new member of the board of directors in Anoto Group. The director Nils Ljung had previously announced that he wished to resign from the board. The EGM resolved that remuneration for the Board will remain unchanged at SEK 1.200.000.
For more information: Charlotte Laveson Director PR Anoto Group AB +46 733 478 620
Anoto Group AB
is a Swedish hi-tech company with unique solutions for transmission of handwritten text from paper to digital media, scanning of printed text and intelligent camera surveillance. All products are based on digital camera technology and image processing in real time. The Anoto Group today has three brand names: Anoto(R) - a comprehensive solution entailing paper, pen and server technologies, allowing us to connect all types of writing paper with the digital world, C-Pen(R) - a scanning pen that can store, interpret and transfer printed text, and WeSpot(TM) - a hardware and software platform for intelligent camera surveillance. The Anoto Group has around 200 employees, offices in Lund (head office), Stockholm, Boston, Tokyo and Hong Kong. Major shareholders are Ericsson, Capital Group and the founder Christer Fahraeus. The Anoto share is traded on the O-list, Attract 40 of Stockholmsborsen (Stockholm Stock Exchange) under the ticker ANOT. For more information: www.anotogroup.com
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