IFS (SE) - IFS Extraordinary Meeting of Shareholders, January 31, 2003

Published: 09:31 03.02.2003 GMT+1 /HUGIN /Source: IFS /SSE: IFSS 

/ISIN: SE0000189946
 

IFS Extraordinary Meeting of Shareholders, January 31, 2003
 

The extraordinary meeting of shareholders in IFS held on Friday,

January 31, 2003, adopted the resolution to approve the decision

taken by the board of directors of the company on January 14, 2003 to

issue a convertible debenture loan with preferential rights in an

amount of SEK 215 M. The right to subscribe for the loan shall be

reserved to Hagströmer & Qviberg Fondkommission AB for resale to

existing shareholders. Furthermore, the meeting resolved to elect

Michael Hallén to the board of directors.
 

Moreover, the extraordinary meeting of shareholders approved the

board resolution to authorize the board to issue shares in deviation

from shareholders' rights or which may be set off against loans

outstanding corresponding to an increase in the company's share

capital of no more than 76,000,000 on subscription. The meeting also

rescinded the authorization granted to the board at the extraordinary

meeting of shareholders held on November 28, 2001, and extended at

the annual general meeting of shareholders held on May 13, 2002, to

issue Series A and Series B shares in the company. In addition, the

meeting rescinded the authorization granted to the board at the

annual general meeting of shareholders held on March 27, 2001, and

extended at the annual general meeting of shareholders held on May

13, 2002, to issue bonds with detachable warrants for a new

subscription of Series B shares in the company. All resolutions were

approved unanimously.
 
About IFS and IFS Applications

IFS develops and supplies component-based business applications for

medium and large enterprises. IFS Applications, which is based on web

and portal technology, offers 60+ enterprise application components

used in manufacturing, supply chain management, customer relationship

management, financials, engineering, maintenance and human resource

administration. IFS provides customers step-by-step evolution to the

extended enterprise with e-business solutions that offer partner,

customer, and supplier collaboration.

A leading global business applications supplier, IFS has 3,150

employees, with sales in 46 countries. The company is listed on the

Stockholm Stock Exchange (XSSE: IFS).
 

For additional information, contact:

Manni Svensson, Senior VP Corporate Communications, IFS

Phone: +46 8 58 78 45 00

E-mail: manni.svensson@ifsworld.com
 
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