STOCKHOLM, Sweden, April 24, 2003 (PRIMEZONE) -- On the 24th of April ReadSoft AB carried out an ordinary general meeting in Helsingborg. ReadSoft AB and the ReadSoft group's result and balance sheet were adopted and the board of directors and the MD were discharged from liability for the financial year 2002. The Shareholders' General meeting also decided that there would be no share dividend for the year 2002.
Other decisions taken during the meeting:
Election of board members was completed and the following people were reelected: Goran E. Larsson, Lennart Pihl, Gundor Rentsch, Jan Andersson and Lars Appelstal.
Nominating committee, audit committee, and compensation committee. At the general meeting it was decided that the Chairman of the Board of Directors during the fourth quarter of this year shall, in consultation with the principal shareholders, form a nominating committee before the general meeting in 2004. Furthermore, the task of designating an audit committee and a claim/liability committee was assigned to the board of directors.
The suggestion to authorize the board to decide on new issue of shares was accepted by the meeting. The board thus has the authority to, at one or several occasions, but no later than up to the Shareholders general meeting 2004, decide on a new issue of shares, no higher than 4,600,000 shares, series B. The new shares may be issued with a deviation of the shareholders' preferential rights. The board will have the authority to utilize a financial agreement with Hagstromer & Qviberg Fondkommission AB and aquire a company by issuing new shares in ReadSoft as payment.
ReadSoft AB Jan Andersson, MD ReadSoft Pho: +46-(0)708 - 37 66 00 Olof Engvall, Head of Information Pho: +46-(0)708 - 37 66 70 E-mail: olof.engvall@readsoft.com
ReadSoft business is based on the concept of e-capture, comprising capture, interpretation, verification, validation, and transfer of all types of information from e-mail, web, fax, and paper, with a minimum of operator intervention. Established in 1991, ReadSoft, first with free form technology for invoices and color document processing, has become the global technology leader, with subsidiaries in 12 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to match. For more information visit www.readsoft.com
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