At Net Entertainment NE AB's annual general meeting on Wednesday 29 April 2009
the following was resolved.
Adoption of financial statements and dividend
The meeting adopted the income statement and balance sheet along with the
consolidated income statement and balance sheet and resolved that no dividend
is to be paid for the financial year 2008. See also splitting of shares and
automatic redemption procedures below.
Board of Directors
The Board of Directors and the Managing Director were discharged from liability
for the financial year 2008. The meeting reelected Rolf Blom, Vigo Carlund,
Fredrik Erbing, Niclas Eriksson and Mikael Gottschlich as well as a new
election of Peter Hamberg as regular members of the Board of Directors. Rolf
Blom was elected chairman of the Board by the general meeting. It was decided
that remuneration for the Board of Directors shall be SEK 500,000 for the
chairman and SEK 200,000 for each of the members of the board elected by the
annual general meeting who are not employees of the company and that no
remuneration shall be given for committee work. Remuneration for the auditor
shall be given in accordance with approved invoice.
Nominating Committee
The meeting decided that the chairman of the Board of Directors should summon a
nominating committee consisting of a representative for each of the three
largest shareholders as of 31 August 2009, who along with the chairman of the
Board of Directors will be members of the nominating committee for the annual
general meeting in 2010. The representatives must be appointed and made public
at the latest six months before the annual general meeting in 2010.
Guidelines for remuneration to senior executives
The meeting resolved to adopt the Board of Director's proposal regarding
guidelines for remuneration to senior executives.
Authorization for the Board of Directors to make decisions on repurchase and
conveyance of the company's own shares
The meeting resolved to adopt the proposal regarding authorization for the
Board of Directors to make decisions on repurchase and conveyance of the
company's own shares.
Splitting of shares and automatic redemption procedures
The meeting resolved to adopt the proposal regarding splitting of shares and
automatic redemption procedures, entailing a value transfer to the shareholders
corresponding to SEK 1,25 per share. During the meeting following the general
meeting the Board of Directors resolved, in accordance with the mandate from
the general meeting, determined the record day for splitting of shares to be 8
May 2009 and the record day for repurchase of redemption to be 29 May 2009.
Decision on authorization for the Board of Directors to decide on issuing new
shares
The meeting resolved to adopt the proposal regarding an authorization for the
Board of Directors to decide on issuing new shares.
Decision on introduction of incentive programs
The meeting resolved to adopt the proposal regarding the introduction of
incentive programs.
Decision on other changes in the articles of association
The meeting resolved to adopt the proposal regarding other changes in the
articles of association, including changes conditional amendments to the
Swedish Companies Act (2005:551)
The complete resolutions
The minutes for the annual general meeting including the complete resolutions
as per above will be available shortly on the company's website. In addition,
there is an information brochure regarding the splitting of shares and
automatic redemption procedures on the website www.netent.com/redemption.
About Net Entertainment
Net Entertainment develops digitally distributed systems for Internet gaming.
The core product, CasinoModule™, is a complete gaming platform that comprises a
high number of browser based games as well as a powerful administration tool.
Customers are offered a system solution that is adapted to each customer and is
easily integrated with their existing websites. Net Entertainment licenses the
CasinoModule™ on a royalty basis based on the revenues the product generates.
Net Entertainment is listed on the NASDAQ OMX Stockholm (NET-B). More
information about Net Entertainment is available on www.netent.com.
For more information please contact;
Johan Öhman, CEO Net Entertainment; Phone +46 8 55 69 67 05
johan.ohman@netent.com
Bertil Jungmar, CFO Net Entertainment; Phone +46 8 50 59 67 96
bertil.jungmar@netnet.com
