Täby, Sweden, April 13, 2010 - Micronic Laser Systems AB (listed on the NASDAQ
OMX Nordic Exchange Stockholm, in the catagory Small Cap, Information
Technology: MICR) today disclosed the following decisions made at the company's
Annual General Meeting (AGM) and an Extra General Meeting (EGM), held on
April 12:
Election of Board members
The AGM decided that the Board of Directors for the period running until the
end of the next AGM shall be composed of six members with no deputy members.
The AGM re-elected the Board Members Rune Glavare, Magnus Lindquist, Lena
Treschow Torell, Patrik Tigerschiöld, Åke Svensson and new election of Katarina
Bonde. Rune Glavare was elected as Chairman of the Board and Lena Treschow
Torell was elected as vice Chairman of the Board. Göran Malm has declined
re-election.
Remuneration to the Board of Directors
The AGM decided that the total remuneration to the Board of Directors amount to
SEK 1,575,000 for the period running until the end of the next AGM, of which
SEK 500,000 concern remuneration to the Chairman of the Board, SEK 275,000
concern remuneration to the Vice Chairman of the Board, and SEK 200,000 concern
remuneration to each of the other Board Members who are not employed by the
Company. In addition, the AGM decided on remuneration to Board Members with an
assignment in the audit committee amounting to not more than in aggregate SEK
150,000, to be distributed with SEK 50,000 per Member, for the period running
until the end of the next AGM.
Election of auditor
The AGM re-elected KPMG AB as auditor for the period running until the end of
the AGM 2013.
Disposition of accumulated deficit
The AGM resolved in favor of the Board's proposal regarding disposition of the
Parent Company's accumulated deficit of SEK 220,450,683 to be carried forward
to new account.
Decision on new name and amendment of Articles of Association
The AGM decided that the company's name be changed from Micronic Laser Systems
AB (publ.) to Micronic Mydata AB (publ.). The AGM also decided to change the
Articles of Association regarding size of the share capital.
Resolution regarding a new share issue
The EGM decided to increase the share capital by way of a new share issue with
preferential rights for shareholders. The main purpose of the new share issue
is to secure financing of development, marketing etc of the company's LDI
system. The new share issue is expected to result in proceeds amounting to
approximately SEK 245 million, prior to costs for the new share issue.
In addition, decisions were taken in accordance with proposals presented in the
notice to the AGM and to the EGM.
Company contacts:
Peter Uddfors
President & CEO
+46 8 638 52 00
peter.uddfors@micronic.se
Carl-Johan Blomberg
CFO
+46 8 638 52 00
carl-johan.blomberg@micronic.se
