NOTICE OF ANNUAL GENERAL MEETING The shareholders of Obducat Aktiebolag (publ) are hereby invited to the Annual General Meeting on Friday June 4, 2004 at 2:00 p.m. in the auditorium at Kockum Fritid, Västra Varvsgatan 8, Malmö, Sweden. Shareholders who wish to participate in the Annual General Meeting shall have their names entered in the share register maintained by VPC (the Swedish Securities Register Center) on May 25, 2004, and notify the Company of their intention to attend the Meeting no later than Tuesday, June 1, 2004 at 12:00 noon.....
The Board of Directors proposes that the Board be authorised to make decisions concerning new share issues on one or several occasions ahead of the next Annual General Meeting in a total amount of 125.000.000 shares (either class of shares or both) each at a nominal value of SEK 0,10, corresponding to an increase of the share capital by a maximum of SEK 12.500.000. The Board shall on that occasion have the right to decide to waive shareholders? preferential rights in accordance with the provisions of chapter 4 §6 of the Companies Act,i.e. on conditions that newly issued shares may be acquired in return for payment in the form of shares (in kind) or set-off. The new shares will be issued at a price that is based on the market price at the time of the respective issue. The purpose of the authorisation is primarily to facilitate the implementation of directed new share issues to one or several Swedish or foreign investors, and also to enable company acquisitions using the shares in Obducat AB as payment. This corresponds to a dilution effect of 38,3 per cent in the event of full utilisation of this authorisation. On full utilisation also of all outstanding warrants and full conversion of current convertible debentures the dilution effect will instead correspond to 32,1 per cent of the share capital.
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