Teymi hf. - Shareholders Meeting
14 August 2008
The Board of Directors of Teymi hf. hereby convenes a Shareholders Meeting of
the Company, to be held at the company's offices in Suðurlandsbraut 18,
Reykjavík, 14 August 2008 at 9:00 GMT.
Agenda:
1. A proposal to the shareholders meeting to resolve that the Board of
Directors shall be authorised to request the de-listing of the Company's shares
from the OMX Nordic Exchange in Iceland.
2. A proposal to authorise the Board of Directors to purchase shares in Teymi
from shareholders that so request. The shares will be paid for with shares in
Alfesca hf. The offer shall be valid from 9:00 15 August 2008 until 29 August
at 16.00 GMT. The exchange rate price set for the exchange of shares in Teymi
into Alfesca shares is based on Teymi's share price of 1.90 ISK per share and
Alfesca share price of 6.96 ISK per share. Any shareholder accepting the offer
will thus receive 0,2729885 shares in Alfesca for each share in Teymi.
3. Proposal to authorise the Board of Directors in relation to the proposal cf.
2 here above to purchase up to 22% of Teymi´s own shares for the price of ISK
1.90 per share, notwithstanding clause 2.02 of Teymi´s Article of Association.
The authority is granted until 30 September 2008. If Teymi acquires over 10% of
the share capital the Board of Directors shall reduce the share capital in
accordance with the provisions of the Company Act so that the total number of
own shares will not amount to more than 10% of the share capital.
4. Proposal to authorise the Board of Directors, in relation to the purchase of
own shares, cf. 3 here above, to purchase up to 212,000,000 shares in Alfesca
hf. for ISK 6.96 per share. The share purchase will be financed by available
borrowings.
5. Other matters.
Information for the meeting, including the proposals of the Board of Directors
accompanied by a statement of the Board, will be available at the offices of
Teymi as of Thursday 7 August 2008. The information is also available at the
Company's website, www.teymi.is.
