Press Release from the Extraordinary General Meeting of Generic Sweden AB (publ)
November 23, 2009
Share Issue
At an extraordinary general meeting of Generic Sweden AB (publ) on November 23, 2009, the board of directors’ resolution of November 5, 2009, regarding a new share issue with preferential rights for shareholders was approved. This issue may increase the share capital by a maximum of 4,370.496 kronor and the number of shares by a maximum of 5,463,120.
The new share issue is fully covered by subscription commitments and guarantees.
Under the terms of the offering, each existing share in Generic entitles the holder to four (4) subscription rights, and five (5) subscription rights entitle the holder to subscribe for one (1) new share. The subscription price is SEK 1.85 per share, which means that the new share issue will raise up to approximately SEK 10.1 million for Generic before transaction costs. The record date at Euroclear Sweden AB for receiving subscription rights is November 26, 2009. The subscription period will run from November 30 through December 14, 2009.
Information regarding the approved new share issue with preferential rights for existing shareholders is available in the Information Brochure, which will be published on the company’s website (www.generic.se) on November 30, 2009.
New Board of Directors
In accordance with the Nomination Committee’s proposal, the Annual General Meeting resolved to elect the following five (5) members to the Board, without alternates: the reelection of Stig-Arne Larsson and Kenth-Åke Jönsson, and the election of Hans Krantz, Fredrik Svedberg, and Peter Ragnarsson.
Nomination Committee for the 2010 Annual General Meeting
The proposal regarding the Nomination Committee was withdrawn, and the resolution of the Annual General Meeting therefore stands.
Other News
At the subsequent inaugural board meeting, Hans Krantz was elected Chairman of the Board, and Fredrik Svedberg was appointed as the new President and CEO.