STOCKHOLM, Sweden, April 4, 2003 (PRIMEZONE) -- Framfab's annual general meeting of April 4, 2003 and the subsequent statutory board meeting reached the following decisions:
-- Anders Ekman, Magnus Lindquist, Robert Gogel, Kaj Green and Sven Skarendahl were reelected as members of the board. Sven Skarendahl was reelected as chairman of the board.
-- Anders Malmeby and Lars Marcusson of KPMG Bohlins were chosen as the company's auditors through the annual general meeting that is held during the fourth financial year after the choice of auditors.
-- The chairman of the board was authorized to appoint a nominating committee consisting of representatives of the company's shareholders. The authorization will remain in effect until the next annual general meeting.
-- The board was authorized to appoint an auditing committee.
-- In order to defray the additional purchase sum to the sellers of NetlinQ Group NV, the board was authorized, departing from the right of priority of the shareholders, to carry out one or more cash and/or settlement issues until the next annual general meeting totaling no more than 45,000,000 new shares. If fully exercised, the authorization would dilute the company's total capital and votes by approximately 8.7%.
-- In order to finance acquisitions of companies, the board was authorized to carry out one or more cash and/or in-kind, settlement or other issues until the next annual general meeting and thereby be able to depart from the right of priority of the shareholders. Such issues may comprise a total of no more than 35,000,000 shares. If fully exercised, the authorization would dilute the company's total capital and votes by approximately 6.9%.
-- In order to ensure that shares are available upon the exercise of employee stock options, the board was authorized to issue, on one or more occasion until the next annual general meeting, instruments of debt consisting of no more than 750,000 detachable subscription options.
-- No dividends will be distributed to shareholders for the 2002 financial year.
-- The income statement and balance sheet, as well as the consolidated income statement and consolidated balance sheet, were adopted in accordance with the annual report and auditor's report that had been submitted for the 2002 financial year.
-- The members of the board and the CEO were discharged from liability with respect to the financial year.
For more information, please contact:
Sven Skarendahl, Chairman of the Board, Framfab AB +46 8 41 00 10 00, sven.skarendahl@framfab.se
Anders Ekman, CEO, Framfab AB +46 8 41 00 10 00, anders.ekman@framfab.se
Tobias Bulow, Group Communications Manager, Framfab AB +46 709 41 22 58, tobias.bulow@framfab.se
Framfab is a leading provider of consulting services and business solutions based on Internet technology. Most of Framfab's customers are big international companies, including 3M, AXA, the Coca-Cola Company, Danske Bank, Electrolux, Ericsson, Hydro Texaco, IKEA, Kellogg's, Maersk Sealand, NEC Packard-Bell, Nike, Observer, Postbank, Quelle Versicherungen, SAAB, Volvo Car Corporation and UBS. Framfab operates in Denmark, Germany, the Netherlands and Sweden. The company is quoted on the O list of the Stockholm Stock Exchange (ticker symbol FRAM). For more information, please visit www.framfab.com
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