AB Novestra Annual General Meeting.Business Editors
STOCKHOLM, Sweden--(BUSINESS WIRE)--Oct. 6, 2000
At yesterday's Annual General Meeting in AB Novestra, Board members Theodor Dalenson, Peter Ekelund, Anders Lonnqvist, W. Thorpe Thorpe , James Francis Known as "Jim." 1888-1953.
American athlete. An outstanding collegiate football player, he later played professional football and baseball. McKenzie, Goran Strandberg, Lennart Tengroth and John Wattin were re-elected.
At the constituent Board meeting following the Annual General Meeting, Theodor Dalenson was appointed Chairman.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a proposal by the Board, it was further decided to authorise v. 1. grant authorization or clearance for. Same as authorize.
Verb 1. authorise - give or delegate power or authority to; "She authorized her assistant to sign the papers"
empower, authorize the Board to issue a maximum of 6,000,000 new shares. The purpose of the authorisation is to be able to quickly conclude interesting transactions, if needed. The previous authorisation to issue 9,500,000 new shares, which was decided in March 2000 and which has not been utilised, was valid up to the Annual General Meeting and has consequently lapsed LEGACY, LAPSED. A legacy is said to be lapsed or extinguished, when the legatee dies before the testator, or before the condition upon which the legacy is given has been performed, or before the time at which it is directed to vest in interest has arrived. Bac. Ab. Legacy, E; Com. Dig. .
It was also decided that no dividend be declared for the financial year 1999/2000.
President and COO Thomas Akerman said in his address to the Annual General Meeting that lately Novestra has seen a generally positive business development in most of its portfolio companies. Since the year-end June 30, 2000, and in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.
As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the guidelines guidelines,
n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. stipulated by EVCA EVCA European Venture Capital Association
EVCA European Private Equity & Venture Capital Association
EVCA Evolving Cellular Automata Group (computer algorithms to study evolution)
EVCA Endovenous Catheter Ablation , the surplus value of the portfolio companies in relation to the book value has increased by SEK SEK
In currencies, this is the abbreviation for the Swedish Krona.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 250 million. The combination of Novestra's balanced portfolio and the company's advantageous liquidity situation has created a situation where Novestra's business opportunities are better than ever before. The changed market situation over the past two months has only marginally affected Novestra and the company still counts on a very strong development in value of its portfolio in the following quarters.
For more information regarding Novestra, please see www.novestra.com.
Novestra is one of the leading venture capital investment firms in the Nordic countries, primarily with a focus on companies providing enabling services to the network economy. Novestra's portfolio of companies includes B2 Bredband AB, Comintell AB, Continuum Group Ltd, Fanglobe Inc, Iquity Systems Inc, Mobilestop Inc, Netsurvey AB, PowerNet AB and Qbranch AB. Novestra's shares are listed on the O-List of the OM Stockholm Exchange.
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