Notice from Extraordinary General Meeting of Know IT AB
Published: 29 December, 2009
Know IT AB (publ) held an Extraordinary General Meeting today, which resolved the following:
Resolution on offset share issue
The EGM resolved, in accordance with the suggestions of the Board, to authorize a new issue of 1,345,050 shares that, waiving shareholders’ preferential rights, may be subscribed by Atine Group Oy, as partial consideration for Atine Group Oy’s claims for the purchase of shares in Endero Oy. Through the EGM’s resolution, Know IT AB can complete the acquisition of Endero Oy.
Subscription will be on Jan 1, 2010. The issue will result in an increase of share capital by SEK 1,345,050 and an increase of equity by SEK 75,000,000. Atine Group Oy will, following the issue, become one of Know IT AB’s largest owners, with approximately 8.3 percent.
The new shares entitle holders to dividends as of the record day of the dividend determined immediately after the registration of the issue with the Swedish Companies Registration Office.
Board of Directors
The EGM resolved, in accordance with the suggestions of the Board, that the Board shall consists of six members without supplements. The EGM resolved to appoint Ben Wrede, VP of Atine Group Oy, as a new Board Member.