2007-04-26
Stockholm - The following decisions were made at the Annual General Meeting in Net Insight AB on 26 April 2007. The board of directors' complete proposals has previously been published and is available at the company's homepage, www.netinsight.net.
Determination of the annual report, allocation of result and discharge from liability
The Annual General Meeting of Net Insight decided to determine the Income Statement and Balance Sheet, Consolidated Income Statement and Balance Sheet for 2006. Furthermore it was decided that the deficit is applied against the reserve fund. The AGM decided to discharge the Board Members and CEO from liability.
The Annual General Meeting of Net Insight decided to determine the Income Statement and Balance Sheet, Consolidated Income Statement and Balance Sheet for 2006. Furthermore it was decided that the deficit is applied against the reserve fund. The AGM decided to discharge the Board Members and CEO from liability.
Number of board members and deputy board members
The AGM decided the number of Board Members, appointed by the shareholders' meeting, to be six members without deputies. Lars Berg was re-elected as Chairman of the board, board members Clifford H. Friedman, Birgitta Stymne Göransson and Bernt Magnusson, Ragnar Bäck and Marco Limena were re-elected. The AGM decided that the remuneration to the Board should amount to SEK 925,000 to be allocated with SEK 300,000 to the chairman of the board of directors and SEK 125,000 to each other member of the board of directors. Öhrlings PricewaterhouseCoopers AB was re-elected as auditor of the company and remuneration to the auditors will be at current account.
The AGM decided the number of Board Members, appointed by the shareholders' meeting, to be six members without deputies. Lars Berg was re-elected as Chairman of the board, board members Clifford H. Friedman, Birgitta Stymne Göransson and Bernt Magnusson, Ragnar Bäck and Marco Limena were re-elected. The AGM decided that the remuneration to the Board should amount to SEK 925,000 to be allocated with SEK 300,000 to the chairman of the board of directors and SEK 125,000 to each other member of the board of directors. Öhrlings PricewaterhouseCoopers AB was re-elected as auditor of the company and remuneration to the auditors will be at current account.
Amendment of the articles of association
The AGM resolved to amend the articles of association according to the board of director's proposal.
The AGM resolved to amend the articles of association according to the board of director's proposal.
§ 5 is amended with a new second section were shares of class A may upon request of the owner of such shares be converted into shares of class B.
Guidelines for remuneration and other terms of employment for the group management
The AGM resolved to approve the board of directors' proposal regarding guidelines for remuneration and other terms of employment for the group management.
Adoption of the employee stock option plan 2007/2011 and the issuance of warrants to subscribe for new shares, and approval of disposal of the warrants issued under the employee stock option plan
The AGM resolved to approve the board of directors' proposal. Employee stock options (call options) with the right to acquire not more than 7,500,000 shares of series B in the company may be issued under the plan. Allocation shall be made during the period from the tenth banking day following the announcement of the quarterly report for the first quarter 2007 up to the annual general meeting 2008. The employee stock options shall be issued free of charge. To secure that the company can meet its obligations, including payment of any social charges, to the holders of employee stock options at the time of exercise of the employee stock options the annual general meeting also resolved to issue 9,900,000 warrants with the right to subscribe for new shares to the wholly-owned subsidiary Net Insight Consulting AB. The annual general meeting approved that Net Insight Consulting AB disposes of the warrants to meet the company's obligations according to the employee stock options issued under the employee stock option plan.
For more information, please contact:
Lars Berg, Chairman of the Board, Net Insight AB
Phone: +46 8 685 04 69, e-mail lars.berg@netinsight.net
Fredrik Trägårdh, CEO, Net Insight AB.
Phone: +46 8 685 04 00, e-mail: fredrik.tragardh@netinsight.net
About Net Insight
Net Insight delivers the world's most efficient and scaleable optical transport solution for Broadcast and Media, Digital Terrestrial TV, Mobile TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services.
World class customers run mission critical video services over Net Insight products for more than 100 million people in more than 20 countries. Net Insight is quoted on the Stockholm Stock Exchange. For more information, visit www.netinsight.net
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services.
World class customers run mission critical video services over Net Insight products for more than 100 million people in more than 20 countries. Net Insight is quoted on the Stockholm Stock Exchange. For more information, visit www.netinsight.net