LUND, Sweden, May 12, 2004 (PRIMEZONE) -- At today's Annual General Meeting of Anoto Group AB in Lund and the subsequent inaugural meeting of the Board of Directors the following resolutions were passed. Christer Fahraeus, Urban Jansson, Lars Berg, Nils Rydbeck, Kjell Duveblad, David Henry and Jan Uddenfeldt were re-elected Members of the Board and Martha Josefsson was elected Member of the Board. Christer Fahraeus was re-elected Chairman of the Board. The Board was authorised to decide on the new share issue of a maximum of 10.000.000 shares in order to facilitate the acquisition of companies and businesses.
Orjan Johansson, President and CEO of the Anoto Group, in his speech commented on major events in 2003 and reported on the interim report for the first quarter of 2004 published the same day. Shareholders participating in the AGM in Lund were give the opportunity to view a wide selection of products and services offered within the Anoto Group of companies.
- Annual Report, adopting the report etc The GM adopted the consolidated income statements and balance sheets. The Members of the Board and the CEO were discharged from liability. No dividend will be paid.
- Election of Board and Directors' fees The AGM resolved to re-elect Members of the Board of Directors Christer Fahraeus, Urban Jansson, David Henry, Lars Berg, Nils Rydbeck, Kjell Duveblad and Jan Uddenfeldt and to elect Martha Josefsson. Martha Josefsson was born in 1947 and has previously held the position of investment manager at Skandia Asset Management and Carlson Investment Management.
Martha Josefsson is Member of the Board of Directors of several companies, inter alia Song Networks Holding, Luxonen, BAB Drott, Uppsala Nya Tidningar, Andra AP-fonden, Skandia fonder as well as Chairman of the Board of Carlson Lararfonder.
President and CEO Orjan Johansson resigned from the Board of Directors. . Chairman of the Board At the inaugural meeting following the AGM Christer Fahraeus was re- elected Chairman of the Board.
- Authorisation
The Board was authorised to make decisions concerning new share issues on one or several occasions ahead of the next Annual General Meeting in a total amount of 10.000.000 shares with provisions for non-cash issues or offsetting or else on conditions that could waive the shareholders' preferential rights.
The reason for permitting new share issues waiving the shareholders' preferential rights is to facilitate company/business acquisitions against full or part payment in the form of shares. Full utilisation of the authorisation would entail a dilution of approximately 7,8 per cent based on the total number of shares after full utilisation of the authorisation.
- Change in the Articles of Association The Board of Directors proposed an amendment to the Articles of Association to the effect that the Board of Directors is authorised to elect a Special Auditor to audit the Board's reports in connection with new share issues with provisions for non-cash issues or offsetting, and with mergers.
Anoto Group AB is a Swedish hi-tech company with unique solutions for transmission of handwritten text from paper to digital media and scanning of printed text. All products are based on digital camera technology and image processing in real time. The Anoto Group today has two 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 and C-Pen(R) - a scanning pen that can store, interpret and transfer printed text. The Anoto Group has around 110 employees, offices in Lund (head office), Stockholm, Boston, Tokyo and Hong Kong. Major shareholders are Ericsson, Capital Group and Logitech International S/A. 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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