Stockholm, Sweden - Conversion of shares
According to Net Insight's Articles of Association (§5 second
paragraph), shares of class A may upon request of the owner of such
shares be converted into shares of class B.
Conversion reduces the total number of votes in the company and the
Company is obligated by law to disclose such changes. As previously
announced, shareholders have called for a conversion of shares of 600
000 class A shares to 600 000 class B shares. The Company reported
this conversion and in January, the Swedish Companies Registration
Office registered the conversion in the central securities depository
register.
After the registration, the total number of shares in the Company is
379 890 569, of which 1 300 000 are class A shares and 378 590 569
are class B shares. One class A-share entitles the holder to 10 votes
and one class B share to one vote.
For more information, please contact:
Lars Kevsjö, CFO of Net Insight AB, +46 8 685 00 00,
lars.kevsjo@netinsight.net
About Net Insight
Net Insight delivers the world's most efficient and scaleable optical
transport solution for Broadcast and Media, Digital Terrestrial TV,
Mobile TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service
with three times improvement in utilization of bandwidth for
a converged transport infrastructure. Net Insight's Nimbra(TM)
platform is the industry solution for video, voice and data, reducing
operational costs by 50 percent and enhancing competitiveness in
delivery of existing and new media services.
World class customers run mission critical video services over Net
Insight products for more than 100 million people in more than 30
countries. Net Insight is quoted on the Stockholm Stock Exchange. For
more information, visit www.netinsight.net
