At Net Entertainment NE AB's annual general meeting on Wednesday April 14, 2010
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 2009. 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 2009. The meeting reelected Rolf Blom, Vigo Carlund,
Fredrik Erbing, Niclas Eriksson, Mikael Gottschlich and 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 650,000 for the chairman, whereof SEK 100,000
for board assignments in foreign subsidiaries, and SEK 220,000 for each of the
members of the board elected by the annual general meeting who are not
employees of the company and addition thereto, remuneration to the chairman of
the audit committee shall be SEK 50,000. Remuneration for the auditor shall be
in accordance with approved invoice.
Election Committee
The meeting decided that the chairman of the Board of Directors should summon
an election committee consisting of a representative for each of the three
largest shareholders as of August 31, 2010, who along with the chairman of the
Board of Directors will be members of the election committee for the annual
general meeting in 2011. The representatives must be appointed and made public
at the latest six months before the annual general meeting in 2011.
Guidelines for remuneration to senior executives
The meeting resolved to adopt the Board of Director's proposal regarding
guidelines for remuneration to senior executives.
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 2.00 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
April 22, 2010 and the record day for repurchase of redemption to be May 12,
2010.
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.
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.
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.
For more information please contact;
Johan Öhman, CEO Net Entertainment; Phone +46 8 57 85 45 00
johan.ohman@netent.com
Bertil Jungmar, CFO Net Entertainment; Phone +46 8 57 85 45 00
bertil.jungmar@netent.com
Net Entertainment is a premium supplier of digitally distributed gaming systems
used by some of the world's most successful online gaming operators. The core
product, CasinoModule™, is a complete gaming platform comprising high quality
games and a powerful administration tool. Operators are provided a customized
solution that is easily integrated ensuring short time to market and a cost
efficient operation. Net Entertainment is listed on NASDAQ OMX Stockholm
(NET-B). More information about Net Entertainment is available on
www.netent.com.
