Net Insight EGM Approves New Share Issue.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 28, 2001 An Extraordinary General Meeting of Insight AB (publ) has today voted to approve the two share issue proposals put forward by the company's board on 4 May 2001. The board's proposals consisted of, firstly, a share issue of a maximum of 16,205,261 new B-shares with preferential rights for existing shareholders, and, secondly, the issue of a promissory note promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt. for a maximum of 8,102,631 separable sep·a·ra·ble adj. Possible to separate: separable sheets of paper. sep options for subscription to B-shares. The criteria for the share issue are as follows: every whole number of five existing shares, regardless of share type, entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; two new B-shares, at 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. 10 per new share. The record day for determining which shareholders are entitled to participate in this share issue is 1June 2001. Shares may be purchased between 7 June and 21 June 2001 inclusive. Shareholders who utilize the right to subscribe to new B-shares in the share issue will receive, via a wholly-owned subsidiary of Net Insight AB, a further share option for every two B-shares subscribed to. If the share issue is not fully subscribed Fully Subscribed A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of , the shares will be distributed between the members of the consortium of investors that guaranteed the new share issue up to the maximum amount. About Net Insight Net Insight develops and markets network switches for fiber-optic broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. . Using Net Insight solutions, operators can offer everything from new advanced real-time services such as studio-quality video and Internet communication to traditional telephony and data. These services can be supplied simply and cost-effectively across one and the same infrastructure. Net Insight has around 140 employees in Sweden and the USA. The company is listed on the Attract40 O-list of the OM Stockholm Exchange. For more information, please see www.netinsight.net ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/28/20010528BIT00840/bit0001.doc http://www.bit.se/bitonline/2001/05/28/20010528BIT00840/bit0001.pdf |
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