STOCKHOLM, Sweden, Jan. 27, 2004 (PRIMEZONE) -- The January 27, 2004 extraordinary general meeting of Framfab shareholders, in accordance with the board's proposal, passed the following resolution:
-- Approval to issue a maximum of 27,000,000 new shares at a par value
of SEK 0.10 each. The new shares may be subscribed for by the sellers
of Paregos Mediadesign AB ("Paregos"). The shares shall be paid for
by contribution of all 6064 shares in Paregos. The number of newly
issued shares that the sellers of Paregos will be allotted have been
decided to 19,348,514 corresponding to a value of SEK 8,126,376 based
on the volume- weighted average price of the Framfab share during the
30 trading sessions prior to the shareholders meeting.
The transaction is with today's resolution fully completed.
For more information, please contact: Christian Luiga, EVP Finance, Framfab AB +46 8 41 00 10 00, christian.luiga@framfab.se Tobias Bulow, Group Communications Manager, Framfab AB +46 709 41 22 58, tobias.bulow@framfab.se
Framfab is a leading European specialist in digital media solutions and communication based on Internet technology. Most of Framfab's customers are large international companies, including 3M, American Express, AXA, Carlsberg Breweries, Cheltenham and Gloucester Building Society, the Coca-Cola Company, Danske Bank, DuPont, Ericsson, Hydro Texaco, Kellogg's, Kraft Food International, Lloyds TSB, Nike, Nobel Biocare, Observer, Phillip Morris International, Philips, Postbank, SAAB, Sara Lee Douwe Egberts, Vodafone, Volvo Car Corporation, Volvo Group and UBS. Framfab operates in Denmark, Germany, the Netherlands, Sweden, Switzerland, and the UK. The company is quoted on the O list of the Stockholm Stock Exchange (ticker symbol FRAM). For more information, please visit www.framfab.com.
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/01/27/20040127BIT00780/wkr0001.doc
http://www.waymaker.net/bitonline/2004/01/27/20040127BIT00780/wkr0002.pdf