Notice of Extra General Meeting of Genovis AB (publ)

Notice of Extra General Meeting of Genovis AB (publ)

 

Shareholders of GENOVIS AB (publ) are hereby summoned to an extra
General Meeting (“the Meeting”) to be held on March 28, 2011, at 5:00
p.m. at Scheelevägen 22, Lund, Sweden.

Participation

To be entitled to participate in the business of the Meeting,
shareholders must be recorded in the register of shareholders maintained
by Euroclear Sweden AB (former VPC AB, the Swedish Securities Register
Center) on Mach 22, 2011, and must notify Genovis of their intention to
attend the Meeting no later than Mach 22, 2011.

Nominee-registered shares

Shareholders whose shares are registered in the name of a nominee
through the trust department of a bank or similar institution must, in
order to be entitled to participate in the Meeting, request that their
shares are temporarily re-registered in their own names in the register
of shareholders maintained by Euroclear Sweden AB. Such registration
must be effected, September 2, 2009. Shareholders are requested to
inform their nominees well in advance of this date.

Notification

  · mail to GENOVIS AB (publ), Box 270, 220 07 Lund
  · telephone +46 (0)46-10 12 30/38
  · fax +46 (0)46-12 80 20
  · e-mail: info@genovis.com

When registering, shareholders should state their:

  · name/company name
  · personal identification or corporate identity number
  · address, telephone number
  · name and personal identification number of any representatives
  · name of the attendance of any assistants

Agenda

1. Opening of the meeting.

2. Election of chairman for the meeting.

3 Preparation and approval of voting list. 

4. Approval of the agenda.

5. Election of two persons to attest to the accuracy of the minutes.

6. Decision on whether proper notice of the Meeting has been made.

7. The Board of Director's proposal for resolutions regarding a new
share issue.

The board proposes that the EGM resolve on a new share issue giving
preferential rights to existing shareholders so that four (4) existing
share entitle to subscription of three (3) new shares at a subscription
price of SEK 0.65. As a result of this resolution, share capital could
increase by a maximum of SEK 12,336,562.8 through the issuance of
30,841,407 shares. Furthermore, the Board proposes an oversubscription
option of 13,000,000 shares, which the Board of Directors will decide on
in the event that the offering is oversubscribed.

Following the completed share issue, share capital will amount to a
maximum of SEK 28,785,313.6 and the number of shares to 71,963,284. The
Company will raise about SEK 20 million before issue expenses. The issue
will have a dilutive effect of 43%. If the oversubscription option is
exercised the share capital will amount to a maximum of SEK 33,985,313.6
and the number of shares to 84,963,284. The Company will raise
approximately SEK 8 million.

Record date for participation in the new issue is April 7, 2011.

8. It may be necessary to authorize the Chief Executive Officer to make
minor adjustments to the resolution in accordance with point 7 in
conjunction with registration and implementation thereof.

9. Conclusion of the Meeting

 

Documents

The Board of Directors' complete proposals will be made available at
Genovis and on Genovis website, www.genovis.com, no later than March 14,
2011 and will be sent to shareholders that request the Company to do
so. 

Lund March, 2011

Board of Directors, Genovis AB

For more information, please contact: Sarah Fredriksson, CEO, Genovis AB
Tel: 46 46 10 12 35
sarah.fredriksson@genovis.com (sarah.fredriksson@genovis.com)