latest news releases from the newsroom
Proposal to Bong Ljungdahl's AGM to Issue Convertible Loan for Subscription by Employees; Conditions for Rights Issue in Course of Preparation
KRISTIANSTAD, Sweden, April 8, 2002 (PRIMEZONE) -- The Board of Bong Ljungdahl has decided to propose to shareholders at the company's AGM to be held on May 14, 2002, that a convertible loan be issued for subscription by employees of Bong Ljungdahl, without regard to the prior rights of shareholders. It is proposed that the offering be directed to all established employees in Sweden. The offering will also be extended to senior executives and key employees in Belgium, Denmark, Finland, Ireland, Norway, Poland, Great Britain and Germany provided that, in the view of the Board, this can be arranged with reasonable administrative input and financial consequences.
Anders Igel New President and CEO of Telia
STOCKHOLM, Sweden, April 8, 2002 (PRIMEZONE) -- Anders Igel has been appointed to the position of President and CEO of Telia. He will assume his duties September 30, at the latest, to succeed Marianne Nivert who is retiring from the company.
Notice of Annual General Meeting in Teleca AB (publ)
MALMO, Sweden, April 8, 2002 (PRIMEZONE) -- Shareholders in Teleca AB (publ) are hereby called to the Annual General Meeting of the Company to be held on Monday, May 6, 2002, at 5:00 p.m. at the Malmo Borshus, Skeppsbron 2, Malmo, Sweden. From 4:00 p.m., the company will serve a light meal.
OTI On Track Innovations Inc.
OTI Africa and Exel Petroleum Sign Long Term Agreement; Adding Another 100 Stations to the Fuelmaster Network -- Initial Orders Expected to Reach $500,000
ROSH PINA, Israel and CAPE TOWN, South Africa, April 8, 2002 (PRIMEZONE) -- OTI (GER:OT5), today announced that its wholly owned subsidiary, OTI Africa, has signed a five year agreement with Exel Petroleum (Pty) Ltd. to create a network of on-road sites equipped with OTI's fuel management system, branded in South Africa as FuelMaster. Exel's signature of the agreement furthermore constitutes an order for equipment required to immediately equip 40 on-road Exel sites The agreement with Exel will boost the current network of FuelMaster sites by approximately 25% and the number of Fuel Master end users by 40% over the next two years, which will result in significant increase in the on going transaction fee and revenue sharing for OTI Africa. In addition to cash payments for equipment, OTI Africa will receive a volume-based remuneration from Exel based on all petrol and diesel sold through the use of the FuelMaster System at on-road and home base sites.