ReadSoft AB Annual General Meeting 2010
(Thomson Reuters ONE) -
Jan Andersson, ReadSoft's President and CEO concluded in his presentation that
the market for 2009 has been difficult and that many customers have been biding
their time due to the financial crisis. This made 2009 an in-between year for
ReadSoft. The turnover increased by 6% and ReadSoft generated a record-breaking
cash flow of 102.5 MSEK from operating activities. Partner sales increased by
17% and now constitute 38% of ReadSoft's overall sales. During 2009, ReadSoft
launched a number of new software products which are believed to boost sales in
the future. The results from the first quarter shows that the market is still
not back to normal, and that cautiousness still prevails.
At ReadSoft AB's annual meeting today, the following resolutions were among
those passed:
Election of Board of directors
The Directors Göran E Larsson (Chairman), Lennart Pihl, Anna Söderblom, Lars
Appelstål, Håkan Valberg and Peter Gille were re-elected for a new period.
Dividend
The annual meeting decided on a dividend of SEK 0.15 per share with April
23, 2010 as the day of record for dividend.
Nomination committee
The meeting decided that a nomination committee shall be appointed with the
assignment in connection with next year's annual meeting to submit proposals,
among others, with respect to election of the Board of Directors, compensation
to the Board and the auditors and election of an election committee. The
chairman of the Board shall invite minimum three and maximum five of largest
shareholders as per 30 September 2010 to appoint one representative each and to
together with the chairman comprise the Nomination Committee.
Incentive program
The meeting decided to approve the resolution from the board on an incentive
program for employees. Right to subscribe to the convertibles shall be leading
employees and key employees in the ReadSoft group. The program will consist of
maximum 350,000 convertibles and one convertible may be conversed to one
B-share. Conversion to B-shares may be made from December 10, 2012 to May
21, 2013. The conversion price shall correspond to 125 % of the average price
paid for the B -share in the company on the Stockholm stock exchange's official
list during the period April 21 - April 27, 2010. At full conversion the
company's share capital will increase with SEK 35,000 and the dilution will be
approximately 1.1 percent of the share capital and 0.8 percent of the votes.
Authorization of the Board to decide on new issues of shares
The meeting decided to authorize the Board of Directors to, at one or several
occasions, up to the next annual meeting 2011, execute new issues of shares with
maximum 3,200,000 shares, series B. The new shares may be issued with deviation
of shareholders' preferential rights. The reasons for the Board to be able to
deviate from shareholders' preferential rights are that financing may be
required in connection with future acquisitions with payment in shares and/or
issue of new shares with payment in capital contributed in kind.
Purchase and transfer of own shares
The meeting decided to authorize the Board of Directors, at one or several
occasions, up to the next annual meeting 2011, decide on purchase and transfer
of own shares. Purchase may be made of maximum a number of shares so that the
company's possession of shares at each point in time does not exceed ten % of
the total number of shares in the company. Transfer may be made without the
shareholders preferential rights on NASDAQ OMX Stockholm and to third parties in
connection with acquisition of companies or businesses. The purpose of the
authorization is to give the Board of Directors possibility to adjust the
company's capital structure and to enable acquisition financing through use of
own shares.
For additional information, please contact:
ReadSoft
AB
Jan Andersson, CEO
Phone: +46 708 37 66 00
Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist(at)readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document
Automation. ReadSoft's software enables companies to automate document processes
such as data entry, classification, ERP matching, workflows, e-invoicing etc.
The results are faster and less expensive document processing, and increased
control. ReadSoft is by far the world's number one choice for invoice automation
solutions. Since the start in 1991, ReadSoft has grown to a worldwide group with
operations in 16 countries on five continents and a network of local and global
partners. The head office is located in Helsingborg, Sweden, and the ReadSoft
share is traded on the Nasdaq OMX Nordic Exchange Small Cap list. For more
information about ReadSoft, please visit www.readsoft.com
To unsubscribe, visit: http://cws.huginonline.com/R/130119/unsubscribe_5.html
[HUG#1405949]
Press Release in PDF: http://hugin.info/130119/R/1405949/359575.pdf
Unternehmensinformation / Kurzprofil:
Datum: 20.04.2010 - 17:12 Uhr
Sprache: Deutsch
News-ID 19359
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 224 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ReadSoft AB Annual General Meeting 2010"
steht unter der journalistisch-redaktionellen Verantwortung von
ReadSoft AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
