AGM Information • Apr 28, 2009
AGM Information
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4/28/2009
Stockholm - The following decisions were passed at the Annual General Meeting (the "AGM") in Net Insight AB on 28 April 2009. The board of directors' complete proposals have previously been published and are available at the company's website, www.netinsight.net.
The AGM decided to adopt the income statement and balance sheet, consolidated income statement and balance sheet for 2008. Furthermore, it was decided that the distributable funds, SEK 131,361,662, should be brought forward. The AGM decided to discharge the board members and the managing director from liability.
The AGM decided that the number of board members, appointed by the shareholders' meeting, should be six without deputies. Lars Berg, Ragnar Bäck, Clifford H. Friedman, Gunilla Fransson, Bernt Magnusson and Arne Wessberg were re-elected members of the board. Lars Berg was re-elected chairman of the board.
The AGM decided that the remuneration to the board should amount to SEK 1,100,000 to be allocated with SEK 350,000 to the chairman of the board of directors and SEK 150,000 to each other member of the board of directors. Remuneration to the auditors, Öhrlings PricewaterhouseCoopers, will be on current account.
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.
The AGM resolved to approve the board of directors' proposal. Employee stock options with the right to acquire not more than 6,500,000 shares of series B in the company may be issued under the plan. Allocation shall be made before the annual general meeting 2010. 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 AGM also resolved to issue 8,500,000 warrants with the right to subscribe for new shares to the wholly-owned subsidiary Net Insight Consulting AB. The AGM 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.
The AGM resolved in accordance with the board's proposal to amend the summons procedure for general meetings in the articles of association. The AGM's resolution is conditional upon that an amendment to the summons procedure for general meetings in the Swedish Companies Act has come into force, entailing that the proposed wording is in conformity with the Swedish Companies Act.
Lars Berg, Chairman of the Board, Net Insight AB Phone: +46 8 685 04 69, e-mail [email protected] Fredrik Trägårdh, CEO, Net Insight AB. Phone: +46 8 685 04 00, e-mail: [email protected]
NET INSIGHT AB
Box 42093 Phone: +46 8 6850400 Org.No: 556533-4397
SE-126 14 Stockholm Fax: +46 8 6850420 Vat.No: SE556533439701 Sweden www.netinsight.net E-mail: [email protected]
Net Insight delivers the world´s most efficient and scalable 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™ 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 30 countries. Net Insight is quoted on the Stockholm Stock Exchange. For more information, visit www.netinsight.net
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