Report from the Extraordinary General Meeting of AVTECH
| Source:Avtech Sweden AB
AVTECH Sweden AB ("AVTECH") today held an Extraordinary General Meeting (“EGM”)
in Åkersberga in regards of the Board's proposal to issue preference shares.
The EGM approved of the Board's proposal:
A. Amendment of the Articles of Association
The Meeting approved the proposal to amend the company’s Articles of
Association. The amendment is to allow the introduction of a new class of
shares, preference shares.
B. Issue of preference shares with preferential rights for the current
The Meeting approved the proposal to issue a maximum of 21,349 preference shares
with preferential rights for the current shareholders
C. Dividends on preference shares
The Meeting approved the payment of extra dividends in accordance with the
D. The issue of additional preference shares subject to the rights issue under
section B being oversubscribed
The Meeting approved the proposal to issue a maximum of 5,000 preference shares
subject to the rights issue being oversubscribed.
For complete details regarding the decisions of the Meeting, see the Board’s
complete proposal available on the company’s website, www.avtech.aero.
For more information, please contact:
David Alvord, CEO/Jonas Saric, CFO
Tel: +46 (0) 8 544 104 80
About AVTECH Sweden AB (publ)
AVTECH develops products and services for digital Air Traffic Management (ATM).
Its customers include the global aviation industry; e.g. airlines, airports,
aviation authorities, technology companies and airline manufacturers. By using
AVTECH’s products and services, each individual flight as well as the entire
airline operation can be optimized in terms of cost, noise and emission,
efficiency, punctuality and safety. The head office is in Stockholm, Sweden with
subsidiaries in Toulouse, France and Dubai, U.A.E. AVTECH Sweden AB is listed on
NASDAQ OMX First North and has appointed Thenberg & Kinde Fondkommission AB as
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