Published: 11:00 28.01.2005 GMT+1 /HUGIN /Source: LB Icon AB /SSE: ICON /ISIN: SE0000476962
Extraordinary General Meeting in LB Icon AB (publ.)
STOCKHOLM, Sweden - January 28, 2005
RESOLUTION TO ISSUE CONVERTIBLE BONDS (item 6)
In accordance with the Board of Directors proposal the Extraordinary General Meeting resolved to issue convertible bonds, with nominal value in aggregate of maximum £2,926,600.32. The loan shall mature on 16 January 2006 except to the extent of prior conversions. The loan shall bear interest from and including 31 January 2005 at the rate of seven per cent per annum. The right to subscribe for convertible bonds shall be given to shareholders of Wheel Communications Ltd ("Wheel") pursuant to a share purchase agreement dated 8 January 2005. Subscription of the convertible bonds shall be made not later than 31 January 2005. The issue price shall correspond to the nominal value of the convertible bonds. Payment for any subscribed convertible bonds shall be made by the transfer of shares in Wheel, whereby 78,501 shares in Wheel gives an entitlement of subscription of bonds representing in the aggregate maximum value of £2,926,600.32. Holders of convertible bonds are entitled to convert, at any time during the period from the date of registration of the bonds with the Swedish Companies Registration Office up to the date falling seven days prior to 16 January 2006, all or part of the claims according to the loan amount to shares in LB Icon, each at a nominal value of SEK 0.80. Conversion shall be made at a conversion price corresponding to £2.38 per share. Upon full conversion of the maximum loan amount, 1,229,664 shares in LB Icon will be issued.
About LB Icon
IconMedialab and Lost Boys merged in January 2002 to become one of the leading Internet Consulting and Web services providers. The Company provides user-driven solutions through innovative technology for all digital channels, with global reach and local expertise. The Company has developed solutions for a broad range of multinational client companies. Offices are located in Amsterdam, Berlin, Bruges, Brussels, London, Madrid, Milan, Munich, New York, San Francisco, St. Louis, Stockholm and Washington. The LB Icon stock is traded on the Stockholm Stock Exchange O-List, and on the Euro.NM segment of Euronext Amsterdam (symbol: ICON). In 2003 LB Icon net sales stood at EUR 53 million (K SEK 481,569) with 559 employees at year-end. On June 4, 2004 the company name was changed from IconMedialab International AB into LB Icon AB (reg. nr. 556284-0917). http://www.xxx.com/" class="hugin">
For more information on LB Icon: www.lbicon.com or contact:
Stockholm: Elina Wilow, elina.wilow@lbicon.com, phone: +46 8 5223 9000
Amsterdam: Annemarie de Bont, annemarie.debont@lbicon.com, phone: +31 20 460 4500
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