Annual General Meeting in Biacore International AB.Business Editors UPPSALA, Sweden--(BUSINESS WIRE)--May 9, 2001 Biacore International AB (Biacore) (Nasdaq:BCOR) (SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the :BCOR.) today announced that today's Annual General Meeting was attended by 49 shareholders, representing 48 percent of the total number of shares and votes in the Company. The meeting decided that the unrestricted shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. should be carried forward in its entirety as retained earnings Retained Earnings The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. . The meeting reelected the board members, i.e. Mr. Lars-Goran Andren, Dr Gordon Edge, Mr. Tom Erixon, Dr Ulf Jonsson, Mr. Donald R. Parfet, Mr. Mats Pettersson and Dr. Marc Van Regenmortel. The unions had nominated Mrs. Anna Hansson and Mr. Markku Hamalainen as their representatives on the board and Mr. Hans Sjobom and Mr. George Van der Veer Van der Veer may refer to:
The meeting decided, in accordance with the board's proposal, that, as part of its incentive program, the Company shall issue debt instruments, to a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , with a total of 300,000 detachable warrants to subscribe for new shares in the Company. The debt instruments of Class A shall be combined with 262,700 detachable warrants of series 2001/2006, and the debt instruments of Class B shall be combined with 37,300 detachable warrants of series 2001/2011. Each warrant gives the holder a right to subscribe for one new share in the Company with a nominal amount of ten Kronor. A warrant of series 2001/2006 expires on May 31 2006 and a warrant of series 2001/2011 expires on May 31 2011. The subscription price shall be equivalent to a price amounting to 100 percent of the most recent average price paid, quoted in the Stockholmsborsen official list for the Company's shares during the period from 2 May 2001 until 15 May 2001. The increase of the share capital corresponds to a dilution of approximately 3 per cent (app. 6.7 per cent in total with the incentive program introduced in 2000). The stock options shall be issued free of charge to employees within the Biacore Group. No more than 30,000 stock options shall be issued to the executive chairman of the board, no more than 25,000 stock options to the president, no more than 10,000 stock options to the members of the executive group, no more than 4,000 to other key personnel and no more than 500 to other employees. The decision by the meeting was unanimous. This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which, by their nature, involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. Biacore is a global market leader in Surface Plasmon Resonance The excitation of surface plasmons by light is denoted as a surface plasmon resonance (SPR) for planar surfaces or localized surface plasmon resonance (LSPR) for nanometer-sized metallic structures. (SPR spr Spring SPR Strategic Petroleum Reserve SPR Surface Plasmon Resonance SPR Suomen Punainen Risti SpR Specialist Registrar (UK doctor who supports a consultant) SPR Society for Psychical Research SPR Stop Prisoner Rape ) based technology with its own sales operations in the U.S., across Europe, in Japan, Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . The technology is protected by a strong patent portfolio. Target groups consist primarily of medical and life science research laboratories and pharmaceutical and biotechnology companies all over the world. Biacore focuses on drug discovery as the prime area for future growth. The Company currently has six systems on the market with its BIACORE(R)3000 system offering specific application in drug discovery processes upstream of high-throughput screening (HTS HTS Heights HTS Harmonized Tariff System HTS High Throughput Screening (biomolecular assay screening) HTS High-Throughput Screening (Pharmaceutical Industry) HTS Harmonized Tariff Schedule ). A new high-performance system is currently under late-stage development and will focus on applications downstream of HTS. Based in Uppsala, Sweden, the Company is listed on Stockholmsborsen and Nasdaq in the U.S. In 2000 the Company has sales of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: 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. 438.8 million and an operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of SEK 78.0 million. Further information on Biacore can be found on the web: www.biacore.com Address and phone: Biacore International AB Rapsgatan 7, SE-754 50 Uppsala, SWEDEN Phone: +46 (0)18-675700 Fax: +46 (0)18-150111 info@biacore.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se ----------------- The following files are available for download: http://www.bit.se/bitonline/2001/05/09/20010509BIT01010/bit0001.doc ------------------------------------------------------------------- http://www.bit.se/bitonline/2001/05/09/20010509BIT01010/bit0001.pdf ------------------------------------------------------------------- |
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