STOCKHOLM, Sweden, July 24, 2003 (PRIMEZONE) -- The shareholders of Framfab AB (publ) are hereby invited to attend a special meeting of shareholders at 10 AM on Friday, August 8, 2003 at Naringslivets Hus, Storgatan 19, in Stockholm.
Notification, etc.
Any shareholder wishing to attend the meeting must be entered in the stock register kept by VPC AB no later than Tuesday, July 29, 2003 and notify the Company no later than 4 PM on Monday, August 4, 2003 by writing to Framfab AB (publ), attn: Anita Hallgren, Box 5496, SE-114 84 Stockholm, Sweden, faxing to +46 8 20 28 08, calling +46 8 41 00 10 39 or e-mailing to anita.hallgren@framfab.se. Notification must include the shareholder's name, civic registration no. or corporate identification no., address, phone number and the number of assessors. If attendance is based on proxy, authorization should be submitted along with the notification.
In order to attend the meeting, any shareholder whose shares are registered in the name of an authorized agent must request temporary entry in the stock register under his or her own name. A shareholder desiring such re-registration must so inform the authorized agent well ahead of July 29, 2003.
Proposed agenda
1. Selection of the chairman of the meeting
2. Preparation and approval of the list of shareholders entitled to vote at the meeting
3. Approval of the agenda
4. Selection of one or two people to check the minutes
5. Verification that shareholders have been duly notified of the meeting
6. Decision concerning authorization for the board to issue new shares
Proposals
Decision concerning authorization for the board to issue new shares (item 6)
The board proposes that the meeting of shareholders authorize the board to, on one or more occasions until the next annual general meeting, issue a total of no more than 130,000,000 new shares. Deviating from the preferential rights of shareholders, a limited number of strategic or financial investors shall be entitled to subscribe for the shares. Determination of the subscription price shall be based on the market value of the Company's stock at the time of each issue.
The purpose of the authorization is to strengthen the Company's financial position and provide greater security for its clients. If the issue is fully subscribed for, the Company's share capital and votes will be diluted by approximately 20%.
Other matters
The board's complete proposal in accordance with item 6 above, as well as documents pursuant to Part 4, Section 4 of the Companies' Act, will be available as of Friday, August 1, 2003, at the company's office at Hollandargatan 20 in Stockholm and sent to shareholders who so request and who include their mailing address.
Stockholm, July 2003
Framfab AB (publ)
Board of Directors
Framfab is a leading supplier of consulting services and business solutions based on Internet technology. The company's clients are primarily large international firms, including 3M, AXA, Coca-Cola, Danske Bank, Electrolux, Ericsson, Hydro Texaco, IKEA, Kellogg's, Maersk Sealand, NEC Packard-Bell, Nike, Observer, Postbank, SAAB, Volvo Car Corporation and UBS. Framfab has operations in Denmark, Germany, the Netherlands and Sweden. The company is quoted on the O list of the Stockholm Stock Exchange (ticker symbol FRAM). For additional information, go to www.framfab.com
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/07/24/20030723BIT00340/wkr0001.doc
http://www.waymaker.net/bitonline/2003/07/24/20030723BIT00340/wkr0002.pdf